Is Basanite Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Basanite Inc (BASA) is currently classified as HALAL as of December 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 Basanite Inc 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 Basanite Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Basanite Inc?

Muslim investors may consider investing in Basanite 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.

Why is Basanite Inc classified as HALAL?

Musaffa determines the Shariah status of Basanite Inc 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 Basanite Inc updated?

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

Can a halal stock like Basanite Inc 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 Basanite Inc?

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

BASA Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: December 16, 2024

Report Source: 2024 3rd Quarter Report

Basanite Inc. Stock Analysis BASA

United States Materials Nano Cap Report: Q3, 2024

Basanite, Inc. engages in the manufacturing of concrete-reinforcing products made from basalt fiber reinforced polymers. The company is headquartered in New Haven, Connecticut and currently employs 2 full-time employees. The company went IPO on 2009-05-08. The Company’s core product includes BasaFlex, a basalt fiber reinforced polymer (BFRP) reinforcing bar (known as rebar). BasaFlex BFRP rebar is a corrosion proof, chemical, acid and moisture resistant material. Its two other main product lines are BasaMix, which are fine denier basalt fibers available in various chopped sizes, and BasaMesh, a line of Basalt Geogrid Mesh Rolls, intended to replace welded wire mesh (made of steel). BasaMix is designed to help absorb the stresses associated with early-aged plastic shrinkage and settlement cracking in concrete. BasaMesh is designed for secondary and temperature shrinkage reinforcement. BasaMesh can also work in conjunction with the BasaFlex rebar or BasaMix for a total reinforcement program.

Key Statistics of Basanite Inc (BASA)

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

Today's Range

$0.03$0.03

Today's Open

$0.03

Volume

15.00K

P/E Ratio (TTM)

52 Week Range

$0.01$0.07

Market Cap

5.89M

Avg. Volume

50.35K

Dividend Yield

Financial Metrics & Statements of Basanite Inc (BASA)

FAQ's for Basanite Inc (BASA)

According to Musaffa’s Shariah screening methodology, Basanite Inc (BASA) is currently classified as HALAL as of December 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.