Hang Lung Properties Limited

0101
Failed

Company Overview

Hang Lung Properties Limited (HKEx stock code: 00101) is the real estate business organization of Hang Lung Group Limited (HKEx stock code: 00010), which strives to create an excellent living space. As a top real estate developer on a large scale, we take the “customer first” service concept as the core of our business. Our diverse property portfolio covers Hong Kong and nine mainland cities, including Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. Our property portfolios in the mainland are all named after the Hang Lung Plaza “66” brand and positioned as high-end, successfully establishing a leading position as the “pulse of the city” in the mainland. Hang Lung is committed to connecting customers, communities and partners to achieve sustainable growth, and is known in the real estate industry for leading optimized sustainable development solutions. Following the formulation of a series of 2030 sustainable development goals and indicators, we have further set 25 goals to be achieved by the end of 2025 (“25x25 Sustainability Index” or “25x25”), promised to achieve net zero value chain greenhouse gas emissions by 2050, develop specific and quantifiable measures to address major sustainable development challenges, and set a clear agenda for our goal of becoming the world's leading sustainable real estate company. Hang Lung Properties — “Only choose what is good, only do the right thing”.

Country
HK
Market Cap
$6.67B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
48.00% failed
5% Threshold
48.0%
Liabilities Compliance
97.49% failed
33% Threshold
97.5%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Hang Lung Properties Limited
Ticker 0101
Main Business Real Estate Services
Type Common Stock
Industry Real Estate Investment
Country HK
Market Cap $6.67 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Property lease $5,240.0 $0.0 -
Interest income $63,000.0 $63,000.0 -
Total $68,240.0 $63,000.0 48.00% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $567,948,717.9 8.52%
long term bank loan $5,932,051,282.1 88.97%
Total Interest-Bearing Debt $6,500,000,000.0 97.49%
Market Capitalization $6,667,487,179.5 100.00%
Compliance Status Threshold: 33% failed