Is GLG Corp Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, GLG Corp Ltd (GLE.AX) is currently classified as NOT HALAL as of February 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 GLG Corp Ltd 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 GLG Corp Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of GLG Corp Ltd?

Muslim investors may consider investing in GLG Corp Ltd 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 GLG Corp Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of GLG Corp Ltd 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 GLG Corp Ltd updated?

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

Can a halal stock like GLG Corp Ltd 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 GLG Corp Ltd?

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

GLE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 16, 2024

Report Source: 2023 Annual Report

GLG Corp Ltd. Stock Analysis GLE.AX

Australia Consumer Discretionary Nano Cap Report: 2023 Annual

GLG Corp. Ltd. engages in the knitwear, apparel, and supply chain management operations. The firm is principally engaged in supplying knitwear, apparel, garments, accessories like fabric facial masks, and supply chain management operations. The company operates through two segments: Fabric and Garments. The Fabric segment is engaged in the manufacture and wholesaling of fabric. The Garments segment is engaged in the manufacturing and wholesaling of garments. The Company’s products are READY TO WEAR, CASUAL ACTIVE, PERFORMANCE, SLEEPWEAR, MENSWEAR, CHILDRENSWEAR, LES AFFAIRES, and ULTRA MASK. The firm offers a total solution package with an integrated one-stop service approach, from in-house product design, manufacturing, and logistics solutions. Its subsidiaries include Ghim Li Global Pte Ltd, Ghim Li Global International Ltd, Escala Fashion Pte Ltd, and Ghim Li International (S) Pte Ltd.

Key Statistics of GLG Corp Ltd (GLE.AX)

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

Today's Range

AUD0.12AUD0.15

Today's Open

AUD0.15

Volume

30.00K

P/E Ratio (TTM)

52 Week Range

AUD0.10AUD0.15

Market Cap

8.52M

Avg. Volume

90.01K

Dividend Yield

Financial Metrics & Statements of GLG Corp Ltd (GLE.AX)

FAQ's for GLG Corp Ltd (GLE.AX)

According to Musaffa’s Shariah screening methodology, GLG Corp Ltd (GLE.AX) is currently classified as NOT HALAL as of February 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.