Is Goodfood Market Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Goodfood Market Corp (FOOD.TO) is currently classified as NOT HALAL as of May 2025. 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 Goodfood Market Corp 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 Goodfood Market Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Goodfood Market Corp?

Muslim investors may consider investing in Goodfood Market Corp 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 Goodfood Market Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Goodfood Market Corp 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 Goodfood Market Corp updated?

The Shariah compliance status of Goodfood Market Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Goodfood Market Corp 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 Goodfood Market Corp?

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

FOOD.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 06, 2025

Report Source: 2025 2nd Quarter Report

Goodfood Market Corp. Stock Analysis FOOD.TO

Canada Consumer Discretionary Nano Cap Report: Q2, 2025

Goodfood Market Corp. engages in providing subscription food delivery services. The company is headquartered in Saint-Laurent, Quebec and currently employs 484 full-time employees. The company went IPO on 2015-04-23. The firm is engaged in delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The company provides access to fresh and delicious products, as well as exclusive pricing, made possible by its culinary team and direct-to-consumer infrastructures and technology. The company is also focused on connecting its partner farms and suppliers to its customers’ kitchens. The Company’s administrative offices are based in Montreal, Quebec, with production facilities located in the provinces of Quebec and Alberta.

Key Statistics of Goodfood Market Corp (FOOD.TO)

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

Today's Range

CAD0.24CAD0.26

Today's Open

CAD0.25

Volume

76.44K

P/E Ratio (TTM)

52 Week Range

CAD0.13CAD0.38

Market Cap

20.14M

Avg. Volume

252.70K

Dividend Yield

Financial Metrics & Statements of Goodfood Market Corp (FOOD.TO)

FAQ's for Goodfood Market Corp (FOOD.TO)

According to Musaffa’s Shariah screening methodology, Goodfood Market Corp (FOOD.TO) is currently classified as NOT HALAL as of May 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.