Is Co-Operative Group Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Co-Operative Group Ltd (42TE.L) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Co-Operative Group Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Co-Operative Group Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Co-Operative Group Ltd?

Muslim investors may consider investing in Co-Operative Group Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Co-Operative Group Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Co-Operative Group Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Co-Operative Group Ltd updated?

The Shariah compliance status of Co-Operative Group Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Co-Operative Group Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Co-Operative Group Ltd?

You can check the latest Shariah compliance status of Co-Operative Group Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Co-Operative Group Ltd 42TE.L

£100.26

Last Updated: Dec 08, 12:00 AM·LSE

42TE.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 19, 2024

Report Source: 2023 Annual Report

Co-Operative Group Ltd. Stock Analysis 42TE.L

United Kingdom N/A Nano Cap Report: 2023 Annual

Co-Operative Group Ltd is a GB-based company operating in industry. The company is headquartered in Manchester, Lancashire and currently employs 17,899 full-time employees. The company went IPO on 2013-12-23. Co-operative Group Limited is a United Kingdom-based company, which is a food retailer and wholesaler. The firm is a funeral services provider in the United Kingdom. The firm is also a provider of regulated consumer legal services and a provider of probate and wills. The firm also offers life planning and insurance products. The Company’s segments include Food, Wholesale, Funeral, Legal, Insurance, and Federal. The firm's insurance business offers cat insurance, home insurance, life cover, travel insurance, pet insurance, van insurance, breakdown cover and business insurance. The firm's Food business offers online food delivery, wines, spirits, and recipes.

Key Statistics of Co-Operative Group Ltd (42TE.L)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

£100.20£100.26

Today's Open

£100.26

Volume

6.00

P/E Ratio (TTM)

52 Week Range

£99.80£104.83

Market Cap

100.00

Avg. Volume

4402.55

Dividend Yield

Financial Metrics & Statements of Co-Operative Group Ltd (42TE.L)

FAQ's for Co-Operative Group Ltd (42TE.L)

According to Musaffa’s Shariah screening methodology, Co-Operative Group Ltd (42TE.L) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.