Is Biome Technologies PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Biome Technologies PLC (BIOM.L) is currently classified as NOT HALAL as of October 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 Technologies PLC 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 Technologies PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Biome Technologies PLC?

Muslim investors may consider investing in Biome Technologies PLC 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 Technologies PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Biome Technologies PLC 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 Technologies PLC updated?

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

Can a halal stock like Biome Technologies PLC 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 Technologies PLC?

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

Biome Technologies PLC BIOM.L

£0.75

Last Updated: Mar 20, 12:00 AM·LSE

BIOM.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 04, 2024

Report Source: 2024 2nd Quarter Report

Biome Technologies PLC. Stock Analysis BIOM.L

United Kingdom Materials Nano Cap Report: Q2, 2024

Biome Technologies plc is a United Kingdom-based technology company. The Company's operations are focused on two divisions, such as Bioplastics and Radio Frequency (RF) Technologies. The Bioplastics division produces a bio-degradable and sustainable range of products that can replace conventional oil-based plastics and have diverse applications, including flexible films, molded products, extruded sheets, and food wraps. The Bioplastics division comprises Biome Bioplastics Limited and Biome Bioplastics Inc. The RF Technologies division is engaged in designing, manufacturing and installation of specialist RF furnaces, welders, and induction heating equipment. The RF Technologies division comprises Stanelco RF Technologies Limited. Its products are also suitable for an array of plastic processing methods, including injection molding, sheet extrusion for thermoforming and vacuum forming, blown film, lamination, extrusion coating, and monofilaments.

Key Statistics of Biome Technologies PLC (BIOM.L)

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

Today's Range

£0.75£0.75

Today's Open

£0.75

Volume

495.97K

P/E Ratio (TTM)

52 Week Range

£0.56£4.50

Market Cap

390.00K

Avg. Volume

311.52K

Dividend Yield

Financial Metrics & Statements of Biome Technologies PLC (BIOM.L)

FAQ's for Biome Technologies PLC (BIOM.L)

According to Musaffa’s Shariah screening methodology, Biome Technologies PLC (BIOM.L) is currently classified as NOT HALAL as of October 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.