Is Foodbase Group Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Foodbase Group Inc (FBGI) is currently classified as HALAL as of May 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 Foodbase Group Inc 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 Foodbase Group Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Foodbase Group Inc?

Muslim investors may consider investing in Foodbase Group Inc 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 Foodbase Group Inc classified as HALAL?

Musaffa determines the Shariah status of Foodbase Group Inc 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 Foodbase Group Inc updated?

The Shariah compliance status of Foodbase Group Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Foodbase Group Inc 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 Foodbase Group Inc?

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

FBGI Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: May 22, 2024

Report Source: 2023 Annual Report

Foodbase Group Inc. Stock Analysis FBGI

United States Consumer Discretionary Nano Cap Report: 2023 Annual

Foodbase Group Inc. intends to explore and identify viable business opportunities in the bakery product market to develop and create bakery related supply chain to become a professional solution provider in the Asian baking industry. The company is headquartered in Raleigh, North Carolina and currently employs 359 full-time employees. The company went IPO on 2009-02-02. The firm intends to integrate the bakery market of the west to the east, to promote the upgrading of bakery product structure, and bring natural and healthy ingredients to consumers. The firm's products include bakery raw materials and baked goods.

Key Statistics of Foodbase Group Inc (FBGI)

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

Today's Range

$0.00$0.00

Today's Open

$0.00

Volume

87.50K

P/E Ratio (TTM)

4.02

52 Week Range

$0.00$0.00

Market Cap

15.35M

Avg. Volume

37.69K

Dividend Yield

Financial Metrics & Statements of Foodbase Group Inc (FBGI)

FAQ's for Foodbase Group Inc (FBGI)

According to Musaffa’s Shariah screening methodology, Foodbase Group Inc (FBGI) is currently classified as HALAL as of May 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.