Is Magic Empire Global Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Magic Empire Global Ltd (MEGL) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Magic Empire Global Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Magic Empire Global Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Magic Empire Global Ltd?

Muslim investors may consider investing in Magic Empire Global Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Magic Empire Global Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Magic Empire Global Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Magic Empire Global Ltd updated?

The Shariah compliance status of Magic Empire Global Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Magic Empire Global Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Magic Empire Global Ltd?

You can check the latest Shariah compliance status of Magic Empire Global Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MEGL Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 05, 2026

Report Source: 2025 Annual Report

Magic Empire Global Ltd. Stock Analysis MEGL

United States Financials Nano Cap Report: 2025 Annual

Magic Empire Global Ltd. engages in the provision of corporate finance advisory and underwriting services. The company employs 7 full-time employees The company went IPO on 2022-08-05. The firm is principally engaged in the provision of corporate finance advisory services and underwriting services. The firm is also engaged in the provision of initial public offering (IPO) sponsorship services, financial advisory and independent financial advisory services, compliance advisory services and others.

Key Statistics of Magic Empire Global Ltd (MEGL)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$1.10$1.13

Today's Open

$1.13

Volume

3061.00

P/E Ratio (TTM)

52 Week Range

$0.87$2.62

Market Cap

5.74M

Avg. Volume

22.06K

Dividend Yield

Financial Metrics & Statements of Magic Empire Global Ltd (MEGL)

FAQ's for Magic Empire Global Ltd (MEGL)

According to Musaffa’s Shariah screening methodology, Magic Empire Global Ltd (MEGL) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.