CANGGANGRAILWAY (2169.HK) - Halal (Shariah-Compliant)
CANGGANGRAILWAY (2169.HK) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Industrials
- Industry
- Railroads
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Railroads" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 19.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 4.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.27%.Based on the company's financial statements, approximately 0.27% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.27% of total income). Some scholars may differ on the exact calculation method.
About CANGGANGRAILWAY
Canggang Railway Limited, together with its subsidiaries, engages in the operation of local railway in China. The company operates in two segments, Rail Freight Transportation and Ancillary Services. It offers rail freight transportation services for various cargo, including coal, petroleum, ore, PVC, asphalt, and gravel, as well as gasoline, diesel oil, naphtha, and methyl tert-butyl ether. The company also provides ancillary services, such as freight loading and unloading; construction, maintenance, and repair services; car arrival services; freight agency; antifreeze treatment and scattering prevention of coal services; and coal filtering services. In addition, it is involved in the operation of freight railway and railway yards; provision of logistics agency services; trading business; and supply chain management services. The company was founded in 2009 and is headquartered in Cangzhou, China.
Frequently Asked Questions
Is CANGGANGRAILWAY (2169.HK) stock halal to invest in?
According to AAOIFI Shariah screening standards, CANGGANGRAILWAY (2169.HK) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

