Is 8I Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, 8I Holdings Ltd (8IH.AX) is currently classified as NOT HALAL as of February 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 8I Holdings 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 8I Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of 8I Holdings Ltd?

Muslim investors may consider investing in 8I Holdings 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 8I Holdings Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of 8I Holdings 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 8I Holdings Ltd updated?

The Shariah compliance status of 8I Holdings Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like 8I Holdings 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 8I Holdings Ltd?

You can check the latest Shariah compliance status of 8I Holdings Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

8IH.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 22, 2024

Report Source: 2023 Annual Report

8I Holdings Ltd. Stock Analysis 8IH.AX

Australia Financials Nano Cap Report: 2023 Annual

8I Holdings Ltd. is an investment holding company, which engages in the business of financial education, public and private market investments, and financial technology. The principal activities of the Company are investment trading and management consultancy services. Its subsidiary, 8 Investment Pte. Ltd., is engaged in business management consultancy.

Key Statistics of 8I Holdings Ltd (8IH.AX)

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

Today's Range

AUD0.01AUD0.02

Today's Open

AUD0.02

Volume

33.70K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.05

Market Cap

4.66M

Avg. Volume

8666.67

Dividend Yield

Financial Metrics & Statements of 8I Holdings Ltd (8IH.AX)

FAQ's for 8I Holdings Ltd (8IH.AX)

According to Musaffa’s Shariah screening methodology, 8I Holdings Ltd (8IH.AX) is currently classified as NOT HALAL as of February 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.