JCSENot HalalF
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Compliance Status

Not Halal

Screened on Oct 10, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates JE Cleantech Holdings Limited (JCSE) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/JCSE

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

47.4% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding JCSE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

JE Cleantech Holdings Limited

JCSE: Is JE Cleantech Holdings Limited Halal?

JE Cleantech Holdings Limited

NASDAQIndustrialsSG

$1.39

Market Cap: 7.3M

Screened on a market cap of 9.3M

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About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited operates as an investment holding company primarily focused on the design, development, production, and distribution of sophisticated cleaning systems. These systems serve various industrial applications across Singapore, Malaysia, and global markets. Its diverse product line includes aqueous washing systems, specialized plating and cleaning systems, equipment for train cleaning, and various filtration units. Beyond manufacturing, the firm extends its operations to offer centralized dishwashing services. These cater to a wide array of food and beverage establishments, such as busy food courts, traditional hawker centers, large-scale cookhouses, as well as healthcare facilities like eldercare homes and hospitals. Furthermore, it undertakes general cleaning services specifically for food courts. To further support its clientele, JE Cleantech Holdings Limited also provides leasing options for dishware washing equipment. Established in 1999, the company maintains its corporate headquarters in Singapore. This entity operates as a subsidiary of JE Cleantech Global Limited.

Sector: Industrials · Industry: Industrial - Machinery

Why this does not pass

  • Interest-bearing debt is 47.4% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 10, 2026

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Screened according to AAOIFI Standard 21

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 2025Data source: FMP
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Frequently Asked Questions

Is JE Cleantech Holdings Limited (JCSE) halal to invest in?
JE Cleantech Holdings Limited (JCSE) 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 JE Cleantech Holdings Limited get a F compliance rating?
JE Cleantech Holdings Limited (JCSE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 47.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change JE Cleantech Holdings Limited's Shariah verdict?
JE Cleantech Holdings 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 JE Cleantech Holdings Limited re-screened for Shariah compliance?
JE Cleantech Holdings Limited (JCSE) 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: Oct 10, 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.