No. As of October 2026, Develop North PLC (DVNO.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Develop North PLC does not pass Musaffa's business and financial screening criteria.
Develop North PLC is a GB-based company operating in Financial Services industry. The company employs 1 full-time employees The company went IPO on 2017-01-24. Develop North PLC is a United Kingdom-based closed end investment company, which specializes in providing finance to the residential and commercial property sector. The firm provides debt finance to the property sector. With a focus on the North of England and Scotland, it offers finance solutions of between £0.5 million and £5 million to credible and professional developers across residential and commercial sectors. The firm's investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term. The company seeks to achieve its investment objective through a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the United Kingdom. The company retains absolute discretion to make investments for either shorter or longer periods. Its projects include Kenley Homes, Horizon Cremation, Bede Homes and Calmont Homes. The firm's investment adviser is Tier One Capital Ltd.
Develop North PLC DVNO.L
GBX73.08 GBX0.25 (0.34%) 1D
Last Updated: Oct 09, 12:00 AM·LSE
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DVNO.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Develop North PLC is classified as not halal.
NOT HALAL
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FAQ's for Develop North PLC (DVNO.L)
As of October 2026, Develop North PLC DVNO.L is classified as not 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 Develop North PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Develop North 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.
Musaffa determines the Shariah status of Develop North PLC 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 Develop North PLC 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 Develop North PLC 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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