Is Allied Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Allied Corp (ALID) is currently classified as NOT HALAL as of February 2025. 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 Allied Corp 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 Allied Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Allied Corp?

Muslim investors may consider investing in Allied Corp 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 Allied Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Allied Corp 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 Allied Corp updated?

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

Can a halal stock like Allied Corp 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 Allied Corp?

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

ALID Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 28, 2025

Report Source: 2025 1st Quarter Report

Allied Corp. Stock Analysis ALID

United States Health Care Nano Cap Report: Q1, 2025

Allied Corp. engages in the research, creation, and production of cannabinoid health solutions. The company is headquartered in Kelowna, British Columbia. The company went IPO on 2018-12-04. The firm is engaged in researching, creating, and producing targeted cannabinoid health solutions. The company focuses on the development of Colombian produced medicinal cannabis for patients with conditions potentially suitable for treatment. Such conditions include anxiety, insomnia, anorexia, chronic pain, epilepsy, chemotherapy-induced nausea and vomiting, post-traumatic stress disorder (PTSD), Parkinson’s disease, Tourette’s syndrome, irritable bowel syndrome (IBS) and spasticity associated with multiple sclerosis (MS) and spinal cord injury (SCI). Its core hemp-derived cannabidiol (CBD) brands are Tactical Relief Brand, Equilibrium Bio and MaXXa. The Tactical Relief brand's flagship product is a hemp-derived CBD tincture for sale in the United States. The Equilibrium Bio brand is primarily focused on hydration and recovery areas. The MaXXa brand develops natural CBD-infused cosmetics and beauty products.

Financial Metrics & Statements of Allied Corp (ALID)

FAQ's for Allied Corp (ALID)

According to Musaffa’s Shariah screening methodology, Allied Corp (ALID) is currently classified as NOT HALAL as of February 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.