Is Backbone Technology AG halal to invest in?

According to Musaffa's Shariah screening methodology, Backbone Technology AG (AO9.MU) is currently classified as NOT COVERED as of May 2026. 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 Backbone Technology AG 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 Backbone Technology AG using these criteria to determine its compliance status.

Can Muslims buy shares of Backbone Technology AG?

Muslim investors may consider investing in Backbone Technology AG 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 Backbone Technology AG classified as NOT COVERED?

Musaffa determines the Shariah status of Backbone Technology AG 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 Backbone Technology AG updated?

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

Can a halal stock like Backbone Technology AG 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 Backbone Technology AG?

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

Backbone Technology AG AO9.MU

€0.27 €0.00 (0.74%) 1D

Last Updated: May 06, 12:00 AM·MUN

Backbone Technology AG. Stock Analysis AO9.MU

Germany N/A Nano Cap

BACKBONE Technology AG is a technology company, which engages in investing in companies offering innovative technologies and technical services. The company is headquartered in Hamburg, Hamburg. The company went IPO on 2012-11-08. The firm is a technology company and invests in companies that offer innovative technologies and new technical services. In their holdings, employees develop technologies and new services for sustainable progress.

Key Statistics of Backbone Technology AG (AO9.MU)

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

Today's Range

€0.27€0.27

Today's Open

€0.27

Volume

40.00

P/E Ratio (TTM)

52 Week Range

€0.01€0.30

Market Cap

3.31M

Avg. Volume

744.20

Dividend Yield

Financial Metrics & Statements of Backbone Technology AG (AO9.MU)

FAQ's for Backbone Technology AG (AO9.MU)

According to Musaffa’s Shariah screening methodology, Backbone Technology AG (AO9.MU) is currently classified as NOT COVERED as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.