Does this verdict count as a fatwa?

No. invest-like.com is not staffed by Islamic scholars and the AAOIFI Standard 21 implementation is a structured filter, not a religious ruling. For MORA.JK, use this verdict as a starting point - if you have a specific scholar or madhhab ruling that differs from AAOIFI, follow their guidance.

If MORA.JK is borderline, what should I do?

Borderline MORA.JK status means the interest-bearing debt ratio is between 30 and 40 percent (the AAOIFI compliant threshold and the non-compliant threshold). Some scholars allow holding borderline stocks with purification of the corresponding share of dividends; others reject borderline stocks entirely. The conservative interpretation is to avoid borderline stocks until the underlying ratio drops below 30 percent. The looser interpretation is to hold with purification. Consult your scholar.

AAOIFI Standard 21 verdict · auto-updated daily

Is MORA.JK halal? AAOIFI verdict for PT Mora Telematika Indonesia Tbk

MORA.JK

PT Mora Telematika Indonesia Tbk

Communication ServicesTelecom Services$322.48T

Shariah-compliant

Under AAOIFI Standard 21 as applied by invest-like.com, PT Mora Telematika Indonesia Tbk (MORA.JK) is currently classified as Shariah-compliant. The stock passes the activity screen (primary business not in a prohibited category) and the financial-ratio screen (interest-bearing debt ratio below 30 percent of market cap).

Interest-bearing debt ratio: 1.7% (AAOIFI threshold: < 30%)

Test-by-test breakdown

How MORA.JK performs on each of the AAOIFI Standard 21 tests applied by invest-like.com.

Primary business test

MORA.JK's primary business is not in a category AAOIFI Standard 21 excludes (industry: Telecom Services).

Pass

Interest-bearing debt ratio

Threshold: < 30% for compliant. 30 - 40% for borderline. ≥ 40% for non-compliant. MORA.JK is currently at 1.7%.

Pass

Non-permissible income

Threshold: income from haram sources must be below 5 percent of total income. In v1 invest-like.com only applies this test when the company discloses revenue at the product-segment level (mostly retailers and conglomerates). For hotels, travel, and entertainment companies with bundled segments, we use ticker-level overrides. No segment-level non-permissible income detected for MORA.JK in the latest filing.

Pass

Liquid assets ratio (test 4)

Threshold: (cash + interest-bearing securities + receivables) / market cap must be below 30 percent. This test is documented in AAOIFI Standard 21 but is not automated in v1 - it requires cash + AR + total-assets data we do not yet have consistently across the indexed universe. On the roadmap.

Pending

Cross-graded quality

Halal-eligible alone is not enough; halal investing layered onto value-investing discipline is the institutional Muslim-investor approach.

Buffett-Fit composite

28/100

Full 5-pillar breakdown

PT Mora Telematika Indonesia's 673.7 P/E and declining revenue growth signal major concerns for long-term investment viability.

Questions about MORA.JK's halal status

Is MORA.JK (PT Mora Telematika Indonesia Tbk) halal?

Under AAOIFI Standard 21 as applied by invest-like.com, PT Mora Telematika Indonesia Tbk (MORA.JK) is currently classified as Shariah-compliant. The verdict is computed mechanically from public fundamentals (industry classification + interest-bearing debt ratio + non-permissible income where data is available) and refreshes quarterly. The reasoning behind the current verdict: the company passed both the AAOIFI activity screen and the 30 percent interest-bearing debt threshold. Specific scholars or madhhabs may differ; the screen is a starting point, not a fatwa.

What is MORA.JK's interest-bearing debt ratio?

MORA.JK's trailing interest-bearing debt to market capitalisation ratio is 1.7%. AAOIFI Standard 21 requires this to be below 30 percent for full Shariah compliance. Above 30 percent puts the stock in the borderline zone; above 40 percent is non-compliant on the financial-ratio test alone.

How was MORA.JK's halal status determined?

invest-like.com runs every indexed stock through a programmatic AAOIFI Standard 21 implementation at each quarterly refresh. The procedure: (1) classify the company's primary business via its FMP industry string and check against the AAOIFI exclusion list, (2) compute the trailing interest-bearing debt ratio against market cap, (3) where segment data is available, compute the non-permissible income ratio. The verdict for MORA.JK reflects this mechanical run; full methodology is published at /methodology/halal/.

All halal stocks

/halal/

The full AAOIFI-compliant universe with methodology + top picks.

Full methodology

/methodology/halal/

How every test, threshold, and ticker override is computed.

Full MORA.JK analysis

/buffett/mora.jk/

5-pillar Buffett-Fit verdict + 7-framework consensus + fundamentals.

The invest-like.com halal screen is a mechanical implementation of AAOIFI Standard 21 against current public fundamentals. It is a structured filter, not a fatwa. If your local scholar or madhhab has different guidance, follow that guidance - the screen is a starting point, not a final ruling. Educational only. Not investment advice.