Burstone Group Limited (BTN.JO) 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.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. BTN.JO 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)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 87.16% | 30.00% | Fail |
| Interest-bearing investments | 4.06% | 30.00% | Pass |
| Non-permissible income | 12.44% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 39.29% | 33.00% | Fail |
| Interest-bearing investments | 1.83% | 33.00% | Pass |
| Non-liquid assets | 98.04% | at least 20.00% | Pass |
| Non-permissible income | 12.44% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 39.29% | 33.33% | Fail |
| Cash + interest-bearing securities | 1.83% | 33.33% | Pass |
| Accounts receivable | 1.96% | 33.33% | Pass |
| Non-permissible income | 12.44% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 39.29% | 33.33% | Fail |
| Cash + interest-bearing securities | 1.83% | 33.33% | Pass |
| Accounts receivable | 1.96% | 50.00% | Pass |
| Non-permissible income | 12.44% | 5.00% | 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.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 92.19% | 33.00% | Fail |
| Cash + interest-bearing securities | 4.29% | 33.00% | Pass |
| Accounts receivable | 0.30% | 33.00% | Pass |
| Non-permissible income | 12.44% | 5.00% | 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.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 97.51% | 33.00% | Fail |
| Cash + interest-bearing securities | 4.54% | 49.00% | Pass |
| Accounts receivable | 0.32% | 49.00% | Pass |
| Non-permissible income | 12.44% | 5.00% | 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.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 97.51% | 33.33% | Fail |
| Cash + interest-bearing securities | 4.54% | 33.33% | Pass |
| Accounts receivable | 4.86% | 49.00% | Pass |
| Non-permissible income | 12.44% | 5.00% | Fail |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 48.30 | NEUTRAL |
| Stochastic %K (14) | 52.78 | NEUTRAL |
| CCI (20) | 52.99 | NEUTRAL |
| Williams %R (14) | -47.22 | NEUTRAL |
| MACD (12,26,9) | 0.64 | BUY |
| ROC (10) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| EMA (10) | 959.45 | BUY |
| SMA (10) | 959.30 | BUY |
| EMA (20) | 961.40 | SELL |
| SMA (20) | 958.75 | BUY |
| EMA (30) | 963.29 | SELL |
| SMA (30) | 966.33 | SELL |
| EMA (50) | 964.73 | SELL |
| SMA (50) | 969.66 | SELL |
| EMA (100) | 961.42 | SELL |
| SMA (100) | 964.93 | SELL |
| EMA (200) | 944.79 | BUY |
| SMA (200) | 952.57 | BUY |
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.
Real Estate · REIT - Diversified
Burstone Group Limited is a fully integrated international real estate business with c. R40 billion gross asset value under management. Burstone listed on the Johannesburg Stock Exchange (South Africa) in 2011 and currently operates in South Africa, select European markets and Australia. The Group has a strong management track record of more than 30 years' operating in both local and international markets. The Group is globally diversified and has the capability to invest across all aspects of the real estate life cycle, partnering with specific capital partners for specific opportunities. The Group operates a hybrid model of traditional real estate investment, stapled with expertise across fund management, investment management, asset management and development management. This approach supports the Group's strategy of delivering enhanced returns on capital deployed and maximizing operational leverage from its scalable platform. Burstone strives to deliver purposeful and authentic client experiences with agility, speed and passion. The Group can identify potential that lies within something and then transform it into something of real value. Across all regions in which the Group operates, the manager has a presence on the ground with in-country expertise and adopts a hands-on approach to managing its properties. Burstone Group Limited is incorporated in 1974 in South Africa.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
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.