Is Asia File Corporation Bhd. (7129.KL) halal? Doubtful. Asia File Corporation Bhd. is not on the Securities Commission Malaysia's official list of Shariah-compliant securities. Treat it as non-compliant and consult a qualified scholar.

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7129.KL: Is Asia File Corporation Bhd. Halal?

Doubtful

Asia File Corporation Bhd.

KLSEIndustrialsMY

RM聽1.28

-0.01%

Purify ~5.4% of income

About Asia File Corporation Bhd.

Asia File Corporation Bhd. (7129.KL) is listed on Bursa Malaysia (KLSE) and is not on the Securities Commission Malaysia's official Shariah-compliant list.

Sector: Industrials 路 Industry: Business Equipment & Supplies

Why This Stock Is Doubtful

  • Interest-bearing deposits are 158.5% of market cap, only -128.5 points below the 30% limit
  • Non-compliant income is 5.4% of revenue, only -0.4 points below the 5% 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

SC Malaysia listUpdated Jun 1, 2026
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.)

Shariah Status: Official

Not on SC List

Asia File Corporation Bhd. is not on the Securities Commission Malaysia's official list of Shariah-compliant securities. Treat it as non-compliant and consult a qualified scholar.

Market Cap

RM 0.24B

Total Debt

RM 0.01B

Cash & Deposits

RM 0.38B

Revenue

RM 0.24B

Only securities on the SC's official Shariah-compliant list are treated as compliant; this security is not currently listed. 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 Cap4.8% / 30.0%

Compliance History

Doubtful, 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: Not on SC compliant list (May 2025)Source: SC_EXCLUDED

Purify Your 7129.KL Dividends

5.4% non-compliant income

7129.KL has 5.4% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

242.4M

Price

RM聽1.28

Sector

Industrials

Industry

Business Equipment & Supplies

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Frequently Asked Questions

Is Asia File Corporation Bhd. (7129.KL) halal to invest in?
Asia File Corporation Bhd. (7129.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 Asia File Corporation Bhd. get a D 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). Asia File Corporation Bhd. meets these criteria under the SC's current assessment.
What could change Asia File Corporation Bhd.'s Shariah verdict?
The Securities Commission Malaysia reviews its Shariah-compliant securities list twice a year (typically May and November). Asia File Corporation 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 Asia File Corporation 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.