Is FRMO Corp halal to invest in?

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.

Is FRMO 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 FRMO Corp using these criteria to determine its compliance status.

Can Muslims buy shares of FRMO Corp?

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.

Why is FRMO Corp classified as DOUBTFUL?

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.

How often is the Shariah compliance for FRMO Corp updated?

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

Can a halal stock like FRMO 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 FRMO Corp?

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.

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 Small Cap Report: Q1, 2025

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.

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

$6.58$6.68

Today's Open

$6.64

Volume

27.51K

P/E Ratio (TTM)

2.73

52 Week Range

$6.58$9.69

Market Cap

305.08M

Avg. Volume

14.85K

Dividend 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.