Is Damac Properties Dubai PJSC Co halal to invest in?

According to Musaffa's Shariah screening methodology, Damac Properties Dubai PJSC Co (DAMAC.DB) is currently classified as NOT HALAL as of April 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 Damac Properties Dubai PJSC Co 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 Damac Properties Dubai PJSC Co using these criteria to determine its compliance status.

Can Muslims buy shares of Damac Properties Dubai PJSC Co?

Muslim investors may consider investing in Damac Properties Dubai PJSC Co 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 Damac Properties Dubai PJSC Co classified as NOT HALAL?

Musaffa determines the Shariah status of Damac Properties Dubai PJSC Co 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 Damac Properties Dubai PJSC Co updated?

The Shariah compliance status of Damac Properties Dubai PJSC Co may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Damac Properties Dubai PJSC Co 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 Damac Properties Dubai PJSC Co?

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

DAMAC.DB Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 01, 2024

Report Source: 2023 3rd Quarter Report

Damac Properties Dubai PJSC Co. Stock Analysis DAMAC.DB

United Arab Emirates Real Estate Mid Cap Report: Q3, 2023

DAMAC Properties was established in 2002, as a private, residential, leisure and commercial developer in Dubai and the Middle East. The company is headquartered in Dubai, Dubai. The company went IPO on 2015-01-12. The firm develops residential, leisure and commercial properties in Dubai and Middle East. The Company’s projects include Vantage; the Drive AKOYA; Majestine Allure; Burj DAMAC Waterfront; AKOYA by DAMAC; AKOYA Oxygen; the Jewels; Prive; the Distinction; Celestia; Bay's Edge; NAIA, Jebel Ali; Burj DAMAC Marina; Lincoln Park; Madison Residences; Emirates Gardens; Lakeside, and Emirates Gardens 2.

Key Statistics of Damac Properties Dubai PJSC Co (DAMAC.DB)

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

Today's Range

AED1.07AED1.09

Today's Open

AED1.08

Volume

11.63M

P/E Ratio (TTM)

52 Week Range

AED0.29AED242.00

Market Cap

8.47B

Avg. Volume

5.95M

Dividend Yield

Financial Metrics & Statements of Damac Properties Dubai PJSC Co (DAMAC.DB)

FAQ's for Damac Properties Dubai PJSC Co (DAMAC.DB)

According to Musaffa’s Shariah screening methodology, Damac Properties Dubai PJSC Co (DAMAC.DB) is currently classified as NOT HALAL as of April 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.