Is Biome Grow Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Biome Grow Inc (BIO.CN) is currently classified as NOT HALAL as of July 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 Biome Grow 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 Biome Grow Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Biome Grow Inc?

Muslim investors may consider investing in Biome Grow 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 Biome Grow Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Biome Grow 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 Biome Grow Inc updated?

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

Can a halal stock like Biome Grow 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 Biome Grow Inc?

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

BIO.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2024

Report Source: 2023 3rd Quarter Report

Analyst's Ratings for Biome Grow Inc (BIO.CN)

Based on 5 analysts giving stock ratings to Biome Grow Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Biome Grow Inc. Stock Analysis BIO.CN

Canada Health Care Nano Cap Report: Q3, 2023

Biome Grow, Inc. engages in the production and marketing of cannabis. The company is headquartered in Toronto, Ontario. The company went IPO on 2014-06-13. The firm's operations are limited to holding investments in IM Cannabis Corp. The firm has not generated revenues. Its subsidiaries include Cultivator Catalyst Corp., Great Lake Cannabis Company Inc., Red Sands Craft Cannabis Corp., and Weed Virtual Retail Inc.

Key Statistics of Biome Grow Inc (BIO.CN)

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

Today's Range

CAD0.01CAD0.01

Today's Open

CAD0.01

Volume

17.50K

P/E Ratio (TTM)

52 Week Range

CAD0.01CAD0.02

Market Cap

560.00K

Avg. Volume

12.02K

Dividend Yield

Financial Metrics & Statements of Biome Grow Inc (BIO.CN)

FAQ's for Biome Grow Inc (BIO.CN)

According to Musaffa’s Shariah screening methodology, Biome Grow Inc (BIO.CN) is currently classified as NOT HALAL as of July 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.