Is Kandal M Venture Limited (FMFC) Stock Halal or Haram?
Kandal M Venture Limited (FMFC) - Not Halal (Non-Compliant)
Kandal M Venture Limited (FMFC) is classified as Not Halal (Non-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
Consumer Cyclical
Industry
Footwear & Accessories
Result
Pass
Reason
The sector "Consumer Cyclical" and industry "Footwear & Accessories" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 3.5% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 141.3% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 2.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.15%.Based on the company's financial statements, approximately 2.15% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.15% of total income). Some scholars may differ on the exact calculation method.
About Kandal M Venture Limited
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, and satchels; accessories; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cambodia. Kandal M Venture Limited operates as a subsidiary of DMD Ventures Limited.
Frequently Asked Questions
Is Kandal M Venture Limited (FMFC) stock halal to invest in?
According to AAOIFI Shariah screening standards, Kandal M Venture Limited (FMFC) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Kandal M Venture Limited have any interest income?
Kandal M Venture Limited's interest income ratio is 141.3% of total revenue. AAOIFI standards require this to be below 30%.
Based on the company's financial statements, approximately 2.15% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.15% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Kandal M Venture Limited
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, and satchels; accessories; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cambodia. Kandal M Venture Limited operates as a subsidiary of DMD Ventures Limited.
CambodiaNASDAQConsumer Cyclical
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
Status changed from Halal to Not Halalon-demand screening
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, Kandal M Venture Limited (FMFC) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Kandal M Venture Limited's interest income ratio is 141.3% of total revenue. AAOIFI standards require this to be below 30%.
FMFC is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Kandal M Venture Limited's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save FMFC to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Kandal M Venture Limited require purification. Approximately 2.15% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
What guidelines are used to determine if FMFC stock is Shariah-compliant?
FMFC is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Kandal M Venture Limited stock reviewed for Shariah compliance?
Kandal M Venture Limited's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Kandal M Venture Limited's compliance status?
You can save FMFC to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Kandal M Venture Limited stock considered halal?
Dividends from Kandal M Venture Limited require purification. Approximately 2.15% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Kandal M Venture Limited shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
