Is Athens Water Supply and Sewerage Company SA halal to invest in?

According to Musaffa's Shariah screening methodology, Athens Water Supply and Sewerage Company SA (EYDAP.AT) is currently classified as NOT HALAL as of January 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 Athens Water Supply and Sewerage Company SA 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 Athens Water Supply and Sewerage Company SA using these criteria to determine its compliance status.

Can Muslims buy shares of Athens Water Supply and Sewerage Company SA?

Muslim investors may consider investing in Athens Water Supply and Sewerage Company SA 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 Athens Water Supply and Sewerage Company SA classified as NOT HALAL?

Musaffa determines the Shariah status of Athens Water Supply and Sewerage Company SA 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 Athens Water Supply and Sewerage Company SA updated?

The Shariah compliance status of Athens Water Supply and Sewerage Company SA may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Athens Water Supply and Sewerage Company SA 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 Athens Water Supply and Sewerage Company SA?

You can check the latest Shariah compliance status of Athens Water Supply and Sewerage Company SA on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Athens Water Supply and Sewerage Company SA EYDAP.AT

Last Updated: May 15, 12:00 AM·ASE

EYDAP.AT Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 17, 2024

Report Source: 2023 2nd Quarter Report

Athens Water Supply and Sewerage Company SA. Stock Analysis EYDAP.AT

Greece Utilities Small Cap Report: Q2, 2023

Athens Water Supply & Sewage Co. SA engages in water supply and refinement, as well as sewerage services and waste treatment. The company is headquartered in Athina, Attiki and currently employs 2,144 full-time employees. The company went IPO on 2000-01-28. The firm's main activity includes the delivery of drinking water, sourced from pristine areas free from agricultural and industrial activities. This water is transported using gravity, which minimizes energy consumption. In addition to water supply, the Company manages sewerage and wastewater treatment. For that end, the Company collects and treats wastewater, returning it to the environment free of pollutants, following international practices. Additionally, the Company is involved in renewable energy projects, including hydroelectric power generation, biogas and natural gas cogeneration and solar power projects.

Shariah Compliance Report

An extensive business and financial screening of the company which specifies why a stock is halal or haram!

Athens Water Supply and Sewerage Company SA EYDAP.AT

NOT HALAL

Athens Water Supply and Sewerage Company SA. Stock Analysis EYDAP.AT

Shariah Compliance Report

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