As of August 2026, Concentric AB is classified as halal.
HALAL
Report Source: undefined Quarter Report
Concentric AB. Stock Analysis CCNTF
United States Industrials Small Cap
Concentric AB engages in the manufacture and marketing of hydraulics products and diesel engine pumps. The company is headquartered in Stockholm, Stockholm and currently employs 1,210 full-time employees. The company went IPO on 2011-06-16. The company is engaged in the development, manufacture and marketing of oil pumps, water pumps, fuel pumps and hydraulic systems, and its products are divided into two product lines, namely Engine products and Hydraulic products. Its customers are the manufacturers of trucks, construction equipment, agricultural machinery and general industrial applications. Its products are primarily sold in the United States. The firm's subsidiaries include Licos Trucktec GmbH (Licos), a producer of water pumps and electromagnetic fan clutches for the truck industry, and GKN Sinter Metals de Argentina SA (GKN Pumps), a supplier of engine pumps in South America.
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FAQ's for Concentric AB (CCNTF)
As of August 2026, Concentric AB CCNTF is classified as halal 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 Concentric AB using these criteria to determine its compliance status.
Muslim investors may consider investing in Concentric AB 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 Concentric AB 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 Concentric AB 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 Concentric AB 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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