Is CIGL halal?

What the company does

Concorde International (Singapore) provides unarmed security guarding and building-security management (I-Man Facility Sprinter robots, surveillance). Customers are commercial buildings and public facilities.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

• Business activity

  No prohibited activity

• Interest-bearing debt / market cap

  limit 30%

  Interest-bearing debt $5.32M ÷ current market cap $68.19M = 7.8%

  7.8%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $1.70M ÷ current market cap $68.19M = 2.5%

  2.5%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $28K ÷ annual revenue $12.48M (2025) = 0.2%

  0.2%

  Pass

Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.

For information (AAOIFI 3/1 note): cash + receivables are 59.1% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

In the S&P 500

Not in the S&P 500

Among halal stocks

0.00% · #1243 of 1454

Held by funds

Not held by any tracked fund