Otovo ASA 89K.SG
€1.01 €0.01 (0.59%) 1D
Last Updated: Mar 13, 12:00 AM·XSTU
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Is Otovo ASA Stock Halal?
Shariah Compliance Analysis of 89K.SG Stock
Germany Industrials Micro Cap No. As of September 2026, Otovo ASA (89K.SG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Otovo ASA does not pass Musaffa's business and financial screening criteria.
Otovo ASA engages in the generation, transmission, and distribution of electricity. The company is headquartered in Oslo, Oslo and currently employs 238 full-time employees. The company went IPO on 2018-12-14. The firm offers an online platform for designing, pricing and purchasing solar panels to homeowners. When customers insert their address on the site, the system prices and finds an installer for the solar panels in real-time, and the customers may purchase the solar panels online. Otovo is positioned in the residential segment of solar panels. The firm's main activities are marketing, lead generation, sales and planning of installation, follow-up during and after installation, and provision of services as the Otovo App enables the customer to monitor the electricity production. The Company’s organization consists of the business units products, technology and supply chain, operations, marketing and international business development.
89K.SG Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Otovo ASA is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Otovo ASA (89K.SG) Chart
Financial Metrics & Statements of Otovo ASA (89K.SG)
FAQ's for Otovo ASA (89K.SG)
- As of September 2026, Otovo ASA 89K.SG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Otovo ASA using these criteria to determine its compliance status.
- Muslim investors may consider investing in Otovo ASA if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Otovo ASA by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Otovo ASA may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Otovo ASA on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Otovo ASA (89K.SG)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
