Is Magni-Tech Industries Bhd (7087.KL) halal? Halal. Magni-Tech Industries Bhd is classified Shariah-compliant by the Securities Commission Malaysia (SAC), the official regulator for Bursa Malaysia.

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7087.KL: Is Magni-Tech Industries Bhd Halal?

Halal

Magni-Tech Industries Bhd

KLSEConsumer Products & ServicesMY

RM聽1.94

-0.01%

Purify ~1.5% of income

About Magni-Tech Industries Bhd

Magni-Tech Industries Bhd (7087.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
A+

Excellent

Exceptionally strong compliance

100Score

Business Activity Screen

Passed

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

Shariah Status: Official

Compliant

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

Market Cap

RM 0.84B

Total Debt

RM 0.00B

Cash & Deposits

RM 0.49B

Revenue

RM 1.43B

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鈥檚 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).

Debt / Market Cap0.0% / 30.0%

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.

Screened: Jun 1, 2026Fiscal: SC SAC official list, effective 30 May 2025Source: SC_OFFICIAL

Purify Your 7087.KL Dividends

1.5% non-compliant income

7087.KL has 1.5% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

840.9M

Price

RM聽1.94

Sector

Consumer Products & Services

Industry

-

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Frequently Asked Questions

Is Magni-Tech Industries Bhd (7087.KL) halal to invest in?
Magni-Tech Industries Bhd (7087.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 Magni-Tech Industries 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). Magni-Tech Industries Bhd meets these criteria under the SC's current assessment.
What could change Magni-Tech Industries Bhd's Shariah verdict?
The Securities Commission Malaysia reviews its Shariah-compliant securities list twice a year (typically May and November). Magni-Tech Industries 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 Magni-Tech Industries 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 路 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.