Is King Tire Indonesia Tbk PT halal to invest in?

According to Musaffa's Shariah screening methodology, King Tire Indonesia Tbk PT (TYRE.JK) is currently classified as HALAL as of July 2024. 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 King Tire Indonesia Tbk PT 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 King Tire Indonesia Tbk PT using these criteria to determine its compliance status.

Can Muslims buy shares of King Tire Indonesia Tbk PT?

Muslim investors may consider investing in King Tire Indonesia Tbk PT 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 King Tire Indonesia Tbk PT classified as HALAL?

Musaffa determines the Shariah status of King Tire Indonesia Tbk PT 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 King Tire Indonesia Tbk PT updated?

The Shariah compliance status of King Tire Indonesia Tbk PT may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like King Tire Indonesia Tbk PT 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 King Tire Indonesia Tbk PT?

You can check the latest Shariah compliance status of King Tire Indonesia Tbk PT on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

TYRE.JK Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 30, 2024

Report Source: 2024 1st Quarter Report

King Tire Indonesia Tbk PT. Stock Analysis TYRE.JK

Indonesia Consumer Discretionary Nano Cap Report: Q1, 2024

PT King Tire Indonesia Tbk engages in the provision of production of tires for motorized vehicles and bicycles. The company is headquartered in Serang, Banten and currently employs 100 full-time employees. The company went IPO on 2023-05-08. The firm provides motorcycle (M/C) tires and inner tubes. The firm's segments include Tire and Tube. The company offers M/C tire brands including Kingland Genuine, Kingland Premium, Kingland Axcero, and Kingland Atlantis. Its Kingland Genuine brand offers King Tiger CRT-001, King Tiger, King Shark, King Rhino, King Python, King Puma, King Panda, New King Leopard, King Lion, King Pitbull, Pangolins, King Anaconda, King Alligator, King Jaguar, and King Dolphin. Its Kingland Premium brand offers King Jaguar RTX-5, King Jaguar RTX-2, and King Anaconda ATX-7. Its Kingland Axcero brand offers King Axcero CTX 001, King Axcero CTX 007, King Vellox CTX-5, and King Vellox CTX-2. Its Kingland Atlantis brand offers AT 888, AT 1023, AT 1079, AT 1064, AT 1171, and AT 2015. The firm's subsidiary is PT United Kingland.

Key Statistics of King Tire Indonesia Tbk PT (TYRE.JK)

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

Today's Range

Rp114.00Rp117.00

Today's Open

Rp120.00

Volume

520.50K

P/E Ratio (TTM)

17.94

52 Week Range

Rp101.00Rp160.00

Market Cap

428.11B

Avg. Volume

1.35M

Dividend Yield

Financial Metrics & Statements of King Tire Indonesia Tbk PT (TYRE.JK)

FAQ's for King Tire Indonesia Tbk PT (TYRE.JK)

According to Musaffa’s Shariah screening methodology, King Tire Indonesia Tbk PT (TYRE.JK) is currently classified as HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.