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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
AD

ADHI.JK

Stock PT Adhi Karya (Persero) Tbk
$133.00

Indonesia Stock Exchange · Industrials · ID

Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 0.34%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

PT Adhi Karya (Persero) Tbk (ADHI.JK) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Institutional own.
0.2%
of shares
NON-COMPLIANT
Sharia compliance
0.34%
Non-permissible income — HTR, from filings (2025-12-31)
0.2%
Institutional ownership

🕌 In-house Compliance Research

Computed from published company financials, balance sheet as of 2025-12-31. ADHI.JK files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 762.73% 30.00% Fail
Interest-bearing investments 198.37% 30.00% Fail
Non-permissible income 0.34% 5.00% Pass

Usmani Pass

RatioValueThresholdResult
Interest-bearing debt 27.74% 33.00% Pass
Interest-bearing investments 7.19% 33.00% Pass
Non-liquid assets 64.09% at least 20.00% Pass
Non-permissible income 0.34% 5.00% Pass

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 27.65% 33.33% Pass
Cash + interest-bearing securities 7.19% 33.33% Pass
Accounts receivable 35.91% 33.33% Fail
Non-permissible income 0.34% 5.00% Pass

FTSE Pass

RatioValueThresholdResult
Interest-bearing debt 27.65% 33.33% Pass
Cash + interest-bearing securities 7.19% 33.33% Pass
Accounts receivable 35.91% 50.00% Pass
Non-permissible income 0.34% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 436.11% 33.00% Fail
Cash + interest-bearing securities 113.42% 33.00% Fail
Accounts receivable 453.10% 33.00% Fail
Non-permissible income 0.34% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 379.61% 33.00% Fail
Cash + interest-bearing securities 98.73% 49.00% Fail
Accounts receivable 394.40% 49.00% Fail
Non-permissible income 0.34% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 379.61% 33.33% Fail
Cash + interest-bearing securities 98.73% 33.33% Fail
Accounts receivable 493.13% 49.00% Fail
Non-permissible income 0.34% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

294.00253.75213.50173.25133.002025-09-122026-03-122026-09-11

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Support & Resistance

Not enough completed daily bars to compute pivots.

Technical Summary

STRONG SELL
19 indicators
OscillatorsSTRONG BUY
2 buy · 5 neutral · 0 sell
Moving averagesSTRONG SELL
0 buy · 1 neutral · 11 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)18.80BUY
Stochastic %K (14)50.00NEUTRAL
CCI (20)-44.01NEUTRAL
Williams %R (14)-50.00NEUTRAL
MACD (12,26,9)0.83BUY
ROC (10)0.00NEUTRAL
Momentum (10)0.00NEUTRAL
EMA (10)133.43SELL
SMA (10)133.00NEUTRAL
EMA (20)136.09SELL
SMA (20)134.50SELL
EMA (30)139.34SELL
SMA (30)139.13SELL
EMA (50)145.66SELL
SMA (50)147.86SELL
EMA (100)161.74SELL
SMA (100)160.98SELL
EMA (200)196.36SELL
SMA (200)197.62SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About PT Adhi Karya (Persero) Tbk

Industrials · Engineering & Construction

PT Adhi Karya (Persero) Tbk engages in the construction service businesses in Indonesia. It operates through The Engineering and Construction; Property and Hospitality; Manufacturing; and Investments and Concessions segments. The Engineering and Construction segment consists civil engineering sectors, including road construction, buildings, industrial engineering, and railroads. The Property and Hospitality segment engages in developing apartments and landed houses, as well as hotels. The Manufacturing segment produces ready mix and precast concrete products. The Investments and Concessions segment is involved in the infrastructure investment activities. In addition, the company engages in the drinking water and mineral water industry, as well as real estate. The company was formerly known as PN Adhi Karya and changed its name to PT Adhi Karya (Persero) Tbk in 1974. PT Adhi Karya (Persero) Tbk was founded in 1960 and is headquartered in Jakarta, Indonesia.

adhi.co.id ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-08 · Asset managers net 912361 (-21819)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.