Is Multitude PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Multitude PLC (FRU.DE) 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 Multitude PLC 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 Multitude PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Multitude PLC?

Muslim investors may consider investing in Multitude PLC 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 Multitude PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Multitude PLC 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 Multitude PLC updated?

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

Can a halal stock like Multitude PLC 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 Multitude PLC?

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

Multitude PLC FRU.DE

€4.85 €0.19 (4.08%) 1D

Last Updated: Nov 22, 12:00 AM·XETRA

FRU.DE Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 30, 2024

Report Source: 2023 3rd Quarter Report

Multitude PLC. Stock Analysis FRU.DE

Germany Financials Micro Cap Report: Q3, 2023

Multitude PLC is a MT-based company operating in Consumer Finance industry. Multitude P.L.C. is a financial technology (FinTech) company. The firm is engaged in offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTech’s overlooked by traditional banks. The services are provided through three independent business units, which are served by its internal Banking-as-a-Service Growth Platform. The Company’s business units are consumer banking (Ferratum), small and medium-sized enterprise (SME) banking (CapitalBox), and Wholesale Banking (Multitude Bank). Its products under the Ferratum brand include micro loan, plus loan, prime loan, and credit limit. The SME banking business unit provides essential financial solutions to SMEs through its credit lines and installment loans under the brand of CapitalBox. Its products under the CapitalBox brand include installment loans, credit line, secured loan, and purchase finance (BNPL). Multitude Bank is engaged in offering secured debt and payment solution.

Key Statistics of Multitude PLC (FRU.DE)

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

Today's Range

€4.61€4.93

Today's Open

€4.66

Volume

7382.00

P/E Ratio (TTM)

6.99

52 Week Range

€2.52€4.46

Market Cap

103.01M

Avg. Volume

Dividend Yield

2.25%

Financial Metrics & Statements of Multitude PLC (FRU.DE)

FAQ's for Multitude PLC (FRU.DE)

According to Musaffa’s Shariah screening methodology, Multitude PLC (FRU.DE) 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.