Is Angel Seafood Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Angel Seafood Holdings Ltd (AS1.AX) is currently classified as 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 Angel Seafood 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 Angel Seafood Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Angel Seafood Holdings Ltd?

Muslim investors may consider investing in Angel Seafood 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 Angel Seafood Holdings Ltd classified as HALAL?

Musaffa determines the Shariah status of Angel Seafood 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 Angel Seafood Holdings Ltd updated?

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

Can a halal stock like Angel Seafood 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 Angel Seafood Holdings Ltd?

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

AS1.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: February 16, 2024

Report Source: 2023 Annual Report

Angel Seafood Holdings Ltd. Stock Analysis AS1.AX

Australia Consumer Staples Micro Cap Report: 2023 Annual

Angel Seafood Holdings Ltd. is an aquaculture company, which engages in the ownership and provision of oyster production licenses and leases. The company is headquartered in Port Lincoln, South Australia. The company went IPO on 2018-02-21. The firm has one operating segment, the multi-bay operations in South Australia that include oyster nursery and grow out operations in Cowell, and conditioning and finishing in Coffin Bay. The firm primarily sells oysters to the domestic market. The firm also runs a multi-bay strategy with nursery and oyster grow out operations in Cowell and Haslam with a holding capacity of over 20 million oysters, and Coffin Bay with a capacity to finish up to 12 million oysters per year. The Company’s subsidiaries include Angel Oysters Australia Pty Ltd and Angel Seafood Infrastructure Pty Ltd.

Key Statistics of Angel Seafood Holdings Ltd (AS1.AX)

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

Today's Range

AUD0.15AUD0.17

Today's Open

AUD0.15

Volume

2.54M

P/E Ratio (TTM)

52 Week Range

AUD0.04AUD0.17

Market Cap

160.62M

Avg. Volume

136.15K

Dividend Yield

Financial Metrics & Statements of Angel Seafood Holdings Ltd (AS1.AX)

FAQ's for Angel Seafood Holdings Ltd (AS1.AX)

According to Musaffa’s Shariah screening methodology, Angel Seafood Holdings Ltd (AS1.AX) is currently classified as 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.