Is Adrad Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Adrad Holdings Ltd (AHL.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 Adrad 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 Adrad Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Adrad Holdings Ltd?

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

Musaffa determines the Shariah status of Adrad 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 Adrad Holdings Ltd updated?

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

Can a halal stock like Adrad 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 Adrad Holdings Ltd?

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

AHL.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 08, 2024

Report Source: 2023 Annual Report

Adrad Holdings Ltd. Stock Analysis AHL.AX

Australia Consumer Discretionary Micro Cap Report: 2023 Annual

Adrad Holdings Ltd. manufactures and supplies radiators for motor vehicles. The firm designs and manufactures heat transfer solutions for OE customers globally and the manufacture, importation and distribution of automotive parts for the aftermarket. The firm operates through two segments: Heat Transfer Solutions and Adrad Distribution. The Heat Transfer Solutions segment designs and manufactures industrial cooling solutions for use in road transport and heavy vehicles, mining, power generation, data centers and rail industries. Adrad Distribution segment imports and distributes radiators, mobile and stationary heat exchange products and a variety of automotive parts for the Australian and New Zealand automotive and industrial markets. The firm has facilities across Australia, New Zealand and Thailand, a number of which include warehousing, manufacturing and service facilities.

Key Statistics of Adrad Holdings Ltd (AHL.AX)

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

Today's Range

AUD1.26AUD1.33

Today's Open

AUD1.26

Volume

56.11K

P/E Ratio (TTM)

17.69

52 Week Range

AUD0.58AUD1.34

Market Cap

104.50M

Avg. Volume

9675.00

Dividend Yield

2.83%

Financial Metrics & Statements of Adrad Holdings Ltd (AHL.AX)

FAQ's for Adrad Holdings Ltd (AHL.AX)

According to Musaffa’s Shariah screening methodology, Adrad Holdings Ltd (AHL.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.