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7167.KL: Is Able Global Bhd Halal?

Able Global Bhd

KLSEConsumer Products & ServicesMY

RM 1.55

+0.01%

Market Cap: 476.7M

Compliance Status

Halal

Screened on Jun 1, 2026 · SC Malaysia list

A+

Excellent

100Score

Is Able Global Bhd (7167.KL) halal? Halal. Able Global Bhd is classified Shariah-compliant by the Securities Commission Malaysia (SAC), the official regulator for Bursa Malaysia.

Screened under the SC's official two-tier methodology (business-activity benchmarks plus debt/total-assets and cash/total-assets below 33%), aligned with AAOIFI principles.

What this means for you

You can own 7167.KL

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About Able Global Bhd

Able Global Bhd (7167.KL) is listed on Bursa Malaysia (KLSE) and classified Shariah-compliant by the Securities Commission Malaysia's Shariah Advisory Council, effective 30 May 2025.

Sector: Consumer Products & Services

Shariah Compliance Status

SC Malaysia listUpdated Jun 1, 2026

Shariah Status: Official

Compliant

Able Global Bhd is classified Shariah-compliant by the Securities Commission Malaysia (SAC), the official regulator for Bursa Malaysia.

Market Cap

RM 0.48B

Total Debt

RM 0.20B

Cash & Deposits

RM 0.13B

Revenue

RM 0.72B

Screened under the SC's official two-tier methodology (business-activity benchmarks plus debt/total-assets and cash/total-assets below 33%), aligned with AAOIFI principles. Financials shown for reference (Yahoo Finance).

HalalScreener AAOIFI Analysis

Informational

Our independent AAOIFI financial-ratio screen (market-cap basis). The halal/haram verdict above is the Securities Commission Malaysia’s official ruling: it also weighs business activity and uses a total-assets basis (33% limit), so these ratios can differ from the verdict (e.g. a low-market-cap utility can exceed 30% here yet remain SC-compliant).

Company debtOver the limit41.1% / 30.0%

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

Compliance History

Halal, unchanged since May 2025.

No status changes recorded since we began tracking.

Tracked since May 2025. Updates automatically on each re-screen.

Fiscal: SC SAC official list, effective 30 May 2025Source: SC_OFFICIAL

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Frequently Asked Questions

Is Able Global Bhd (7167.KL) halal to invest in?
Able Global Bhd (7167.KL) is classified Shariah-compliant by the Securities Commission Malaysia (SAC) official list, the authoritative ruling for Bursa Malaysia-listed stocks. The SC uses a two-tier methodology: business-activity benchmarks plus financial ratios (debt/total-assets and interest deposits/total-assets below 33%).
Why did Able Global Bhd get a A+ compliance rating?
The Securities Commission Malaysia assigns Shariah-compliant status annually via its Shariah Advisory Council (SAC). The methodology applies a two-tier test: (1) a business-activity benchmark and (2) financial ratios (total debt and interest-bearing deposits both below 33% of total assets). Able Global Bhd meets these criteria under the SC's current assessment.
What could change Able Global Bhd's Shariah verdict?
The Securities Commission Malaysia reviews its Shariah-compliant securities list twice a year (typically May and November). Able Global Bhd's status may change if its business activities shift into prohibited sectors or if its financial ratios (debt or interest deposits exceeding 33% of total assets) deteriorate at the next SAC review.
How often is Able Global Bhd re-screened for Shariah compliance?
The Securities Commission Malaysia publishes its updated Shariah-compliant securities list twice a year, in May and November, based on each company's most recent annual financial statements. HalalScreener mirrors the SC's official list and updates immediately after each publication.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.