Is Hanwha Machinery & Service Holdings (0220W0.KS) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Hanwha Machinery & Service Holdings (0220W0.KS) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The interest-bearing debt test couldn’t be settled: No annual report figures were found. We show this as Needs Review rather than guess. Last checked 3 October 2026.
Hanwha Machinery & Service Holdings needs further review under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | — | Review |
| Cash and interest-bearing investments | 30% | — | Review |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | — | Review |
Key Findings & Observations
- The interest-bearing debt test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
- The cash and interest-bearing investments test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
- The not just cash and debts test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Hanwha Machinery & Service Holdings Co., Ltd. (0220W0.KS)
Is Hanwha Machinery & Service Holdings (0220W0.KS) stock halal?▾
Not settled. Hanwha Machinery & Service Holdings (0220W0.KS) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The interest-bearing debt test couldn’t be settled: No annual report figures were found. We show this as Needs Review rather than guess. Last checked 3 October 2026.
What is Hanwha Machinery & Service Holdings's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Hanwha Machinery & Service Holdings's debt figure could not be confirmed from its latest annual report, so this test needs review.
How much dividend purification is required for Hanwha Machinery & Service Holdings (0220W0.KS) stock?▾
No purification is required for Hanwha Machinery & Service Holdings based on its latest annual report.
Does Hanwha Machinery & Service Holdings operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Hanwha Machinery & Service Holdings's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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