The Generation Essentials Group (TGE) - Not Halal (Non-Compliant)
The Generation Essentials Group (TGE) 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
- Financial Services
- Industry
- Asset Management
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Asset Management" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 519.7% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 51.5% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.01%.Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.
About The Generation Essentials Group
The Generation Essentials Group, a media and entertainment ecosystem, engages in the fashion, arts, lifestyle, cultural, entertainment, hospitality, and F&B businesses in China, Hong Kong, Europe, America, and Southeast Asia. It operates in three segments: Media and Entertainment; Hotel Operation, Hospitality and VIP Services; and Strategic Investment. The Media and Entertainment segment engages in the provision of print and digital advertising campaigns; licensing; subscriptions; sales of magazines and newspapers; and value-added marketing services, including branded content, video production, social media activation, event creation, and experiential marketing services. Its Hotel Operation, Hospitality and VIP Services segment is involved in hotel operations, hospitality, and VIP services; and holding of premium whole building properties. The Strategic Investment segment engages in proprietary investments and management of investment portfolios, including listed and unlisted equity shares investments and movie income rights investments. The company also publishes print publications and digital content, including L'Officiel, The Art Newspaper, and DigFin; operates IP extended business in the areas of F&B; and hosts a multitude of cultural events. The company is headquartered in Paris, France. The Generation Essentials Group operates as a subsidiary of AMTD Digital Inc.