Is ALBA SE halal to invest in?

According to Musaffa's Shariah screening methodology, ALBA SE (ABA.HM) 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 ALBA SE 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 ALBA SE using these criteria to determine its compliance status.

Can Muslims buy shares of ALBA SE?

Muslim investors may consider investing in ALBA SE 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 ALBA SE classified as NOT HALAL?

Musaffa determines the Shariah status of ALBA SE 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 ALBA SE updated?

The Shariah compliance status of ALBA SE may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like ALBA SE 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 ALBA SE?

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

ALBA SE ABA.HM

€6.80

Last Updated: May 15, 12:00 AM·HAM

ABA.HM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 16, 2024

Report Source: 2024 2nd Quarter Report

Analyst's Ratings for ALBA SE (ABA.HM)

Based on 7 analysts giving stock ratings to ALBA SE in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

ALBA SE. Stock Analysis ABA.HM

Germany Industrials Micro Cap Report: Q2, 2024

ALBA SE operates as an investment holding company, which engages in steel and metal recycling. The company is headquartered in Velten, Brandenburg and currently employs 381 full-time employees. The company went IPO on 2024-06-25. The firm's product and service portfolio comprises, among others, consultation on waste management, packaging licensing, the provision of dependable recycling solutions, sorting technologies, logistics and product development and the delivery of raw materials worldwide. The firm recycles various products to raw materials, such as used glass, ferrous metals, plastics, residual waste, waste wood, non-ferrous metals, waste paper, substitute fuels, organic waste and construction materials. The firm operates under the ALBA and Interseroh brands. The company is active in Germany, Czech Republic, Hungary, Bulgaria, Spain and Turkey.

Key Statistics of ALBA SE (ABA.HM)

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

Today's Range

€6.80€6.80

Today's Open

€6.80

Volume

30.00

P/E Ratio (TTM)

52 Week Range

€6.25€7.85

Market Cap

67.90M

Avg. Volume

552.67

Dividend Yield

Financial Metrics & Statements of ALBA SE (ABA.HM)

FAQ's for ALBA SE (ABA.HM)

According to Musaffa’s Shariah screening methodology, ALBA SE (ABA.HM) 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.