Is Albion Development VCT PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Albion Development VCT PLC (AADV.L) is currently classified as NOT HALAL as of September 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 Albion Development VCT PLC 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 Albion Development VCT PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Albion Development VCT PLC?

Muslim investors may consider investing in Albion Development VCT PLC 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 Albion Development VCT PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Albion Development VCT PLC 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 Albion Development VCT PLC updated?

The Shariah compliance status of Albion Development VCT PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Albion Development VCT PLC 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 Albion Development VCT PLC?

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

Albion Development VCT PLC AADV.L

£85.00

Last Updated: Dec 19, 12:00 AM·LSE

AADV.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 29, 2024

Report Source: 2024 2nd Quarter Report

Albion Development VCT PLC. Stock Analysis AADV.L

United Kingdom N/A Micro Cap Report: Q2, 2024

Albion Development VCT PLC is a GB-based company operating in industry. Albion Development VCT PLC is a United Kingdom-based venture capital trust (VCT). The firm invests in a portfolio of higher-growth businesses with a focus on technology companies across a variety of sectors of the United Kingdom economy. The firm's allocation of assets is determined by the investment opportunities, which become available, but efforts are made to ensure that the portfolio is diversified in terms of sector and stage of maturity of the Company. The firm invests in various sectors, including software and technology; healthcare, including digital healthcare; renewable energy; financial technology, and others, including education. The investment manager of the Company is Albion Capital Group LLP.

Key Statistics of Albion Development VCT PLC (AADV.L)

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

Today's Range

£85.00£85.00

Today's Open

£85.00

Volume

P/E Ratio (TTM)

21.95

52 Week Range

£85.00£85.00

Market Cap

126.30M

Avg. Volume

21.96K

Dividend Yield

4.28%

Financial Metrics & Statements of Albion Development VCT PLC (AADV.L)

FAQ's for Albion Development VCT PLC (AADV.L)

According to Musaffa’s Shariah screening methodology, Albion Development VCT PLC (AADV.L) is currently classified as NOT HALAL as of September 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.