Ascendia Brands, Inc. engages in the business of manufacturing and distributing branded health and beauty care products. The company is headquartered in Hamilton New Jersey, New Jersey and currently employs 324 full-time employees. Through its subsidiaries, the Company manufactures, markets and distributes a portfolio of branded health and beauty care products. Its products includes branded bath, baby, oral, skin and hair care products. Its brand portfolio includes Baby Magic, Binaca, Mr. Bubble, Calgon, the healing garden, Lander, Lander essentials, Ogilvie, Tussy and Dorothy Gray. On August 2008, the Company filed for Chapter 11 bankruptcy protection. In October 2008, Ascendia sold The Mr. Bubble line to Village Co LLC, Helen of Troy Ltd bought Ogilvie home perm and coloring kit line and Dr. Fresh Inc. purchased the Binaca mouthwash brand and Tek's toothbrush line.
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As of August 2026, Ascendia Brands Inc ASCBQ is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ascendia Brands Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Ascendia Brands Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Ascendia Brands Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Ascendia Brands Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Ascendia Brands Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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