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FRMO Shariah Compliance
Screening Methodology: AAOIFI
DOUBTFUL
Last Updated: January 18, 2025
Report Source: 2025 1st Quarter Report
FRMO Corp. Stock Analysis FRMO
United States N/A Micro Cap Report: FRMO Corp. operates as a holding company, which engages in the identification and participation in operating assets. The company is headquartered in White Plains, New York. The firm is focused on making strategic investments in public and private companies. The firm holds a 21.84% and 21.80% equity interest in Horizon Kinetics Hard Assets LLC (HKHA), a company formed by Horizon Kinetics LLC (Horizon). The firm also holds a 4.95% interest in Horizon and earns substantially all of its advisory fees from Horizon. The firm's investments in digital assets include direct exposure to Bitcoin, Bitcoin Cash, Ethereum Classic, Ethereum, Litecoin and ZCash. Its wholly owned subsidiary is Fromex Equity Corp.
Read More FRMO Corp (FRMO) Chart
Key Statistics of FRMO Corp (FRMO)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$6.40Volume
12.84KP/E Ratio (TTM)
2.5452 Week Range
Market Cap
294.95MAvg. Volume
22.65KDividend Yield
-Financial Metrics & Statements of FRMO Corp (FRMO)
FAQ's for FRMO Corp (FRMO)
- According to Musaffa’s Shariah screening methodology, FRMO Corp (FRMO) is currently classified as DOUBTFUL as of January 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.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes FRMO Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in FRMO 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.
- Musaffa determines the Shariah status of FRMO Corp 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 FRMO Corp 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 FRMO Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.