What is Kandal M Venture Limited's Shariah compliance score?

Kandal M Venture Limited's (FMFC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Kandal M Venture Limited pass AAOIFI screening?

Kandal M Venture Limited (FMFC) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (FMFC: 2.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Kandal M Venture Limited stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Kandal M Venture Limited (FMFC) using the latest financial data.

Where can I screen Kandal M Venture Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Kandal M Venture Limited (FMFC) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FMFC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FMFC: Is Kandal M Venture Limited Halal?

Kandal M Venture Limited

NASDAQConsumer CyclicalKH

$0.24

+4.91%

Market Cap: 4.4M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Kandal M Venture Limited (FMFC) halal? Not Halal. Based on AAOIFI screening, Kandal M Venture Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

2.0% of 30.0% limit

What this means for you

Most scholars advise not holding FMFC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Kandal M Venture Limited

Kandal M Venture Ltd. is a holding company, which engages in the manufacture of leather goods through its subsidiary. The firm's products include handbags, shoulder bags, crossbody bags, tote bags, backpacks, satchels, and wallets. It operates through the following geographical segments: United States of America, Europe, Canada, Japan, and Others. The company was founded on January 16, 2024 and is headquartered in Takhmao, Cambodia.

Sector: Consumer Cyclical · Industry: Personal Products & Services

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: FY 2026Data source: FMP

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0380.KLA+

Aquawalk Group Berhad

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+0.03%

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Teamstar Berhad

$0.25

+0.00%

3573.KLA+

Lien Hoe Corporation Berhad

$0.11

+0.00%

3891.KLA+

Malayan United Industries Berhad

$0.05

+0.00%

5336.KLA+

CUCKOO International (MAL) Berhad

$0.41

+0.01%

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Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Kandal M Venture Limited (FMFC) halal to invest in?

Kandal M Venture Limited (FMFC) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Kandal M Venture Limited get a F compliance rating?

Kandal M Venture Limited (FMFC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Kandal M Venture Limited's Shariah verdict?

Kandal M Venture Limited's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Kandal M Venture Limited re-screened for Shariah compliance?

Kandal M Venture Limited (FMFC) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

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.