Is Alpha Growth PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Alpha Growth PLC (ALGW.L) is currently classified as NOT HALAL as of October 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 Alpha Growth 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 Alpha Growth PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Alpha Growth PLC?

Muslim investors may consider investing in Alpha Growth 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 Alpha Growth PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Alpha Growth 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 Alpha Growth PLC updated?

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

Can a halal stock like Alpha Growth 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 Alpha Growth PLC?

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

Alpha Growth PLC ALGW.L

£0.55 £0.05 (8.33%) 1D

Last Updated: Apr 14, 12:00 AM·LSE

ALGW.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 02, 2024

Report Source: 2024 2nd Quarter Report

Alpha Growth PLC. Stock Analysis ALGW.L

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

Alpha Growth Plc engages in the provision of advice and consultancy services to institutional existing and prospective holders of Senior Life Settlements. The principal activity of the Company is the provision of advice and consultancy services to institutional investors and existing and prospective holders of senior life settlements through the management of its funds and the ownership of life insurance companies. The Company’s businesses include Alpha Growth Management LLC, Alpha International Life Assurance Company (Guernsey) Ltd, Alpha Longevity Management Ltd, Providence Life Assurance Company Ltd and Havelet Assignment Company Ltd. Alpha Growth Management LLC is an investment adviser, which manages the Alpha Alternative Assets Fund. Alpha International Life Assurance Company (Guernsey) Limited provides insurance linked savings and life insurance policies to discerning international clients. Alpha Longevity Management Ltd delivers comprehensive life settlement fund management services.

Key Statistics of Alpha Growth PLC (ALGW.L)

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

Today's Range

£0.45£0.62

Today's Open

£0.60

Volume

3.79M

P/E Ratio (TTM)

52 Week Range

£0.22£1.80

Market Cap

2.57M

Avg. Volume

8.49M

Dividend Yield

Financial Metrics & Statements of Alpha Growth PLC (ALGW.L)

FAQ's for Alpha Growth PLC (ALGW.L)

According to Musaffa’s Shariah screening methodology, Alpha Growth PLC (ALGW.L) is currently classified as NOT HALAL as of October 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.