Is IGB Berhad (5606.KL) halal? Doubtful. Based on AAOIFI screening, IGB Berhad passes the business activity screen but has financial ratios approaching AAOIFI limits.

5606.KL — Is IGB Berhad Halal?

Doubtful

IGB Berhad

KLSEReal EstateMY

$2.45

+0.00%

About IGB Berhad

IGB Berhad (5606.KL) is listed on Bursa Malaysia (KLSE) and is not on the Securities Commission Malaysia's official Shariah-compliant list.

Sector: Real Estate · Industry: Real Estate Services

Why This Stock Is Doubtful

  • Debt is 72.4% of market cap — only -42.4 points below the 30% AAOIFI limit
  • Interest-bearing deposits are 36.0% of market cap — only -6.0 points below the 30% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

Based on AAOIFI screening standards

D

Insufficient Data

Not enough data to grade

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap72.4% / 30.0%
Screened: Jun 1, 2026Fiscal: Not on SC compliant list (May 2025)Source: SC_EXCLUDED

Purify Your 5606.KL Dividends

3.0% non-compliant income

5606.KL has 3.0% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

4.9B

Price

$2.45

Sector

Real Estate

Industry

Real Estate Services

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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.