Is Galaxy Gaming Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Galaxy Gaming Inc (GLXZ) is currently classified as NOT HALAL 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 Galaxy Gaming Inc 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 Galaxy Gaming Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Galaxy Gaming Inc?

Muslim investors may consider investing in Galaxy Gaming Inc 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 Galaxy Gaming Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Galaxy Gaming Inc 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 Galaxy Gaming Inc updated?

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

Can a halal stock like Galaxy Gaming Inc 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 Galaxy Gaming Inc?

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

GLXZ Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 15, 2025

Report Source: 2024 3rd Quarter Report

Galaxy Gaming Inc. Stock Analysis GLXZ

United States Consumer Discretionary Nano Cap Report: Q3, 2024

Galaxy Gaming, Inc. engages in the design, development, manufacturing, marketing, and acquisition of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. The company is headquartered in Las Vegas, Nevada and currently employs 47 full-time employees. The company went IPO on 2009-07-10. Casinos use their proprietary products and services to enhance their gaming operations and improve their profitability, productivity and security, as well as to offer gaming entertainment content and technology to their players. The company also markets its products and services to online and land-based casinos worldwide with products currently present in North America, the Caribbean, Central America, the United Kingdom, Europe, Africa, and to cruise ships. The company licenses its products to gaming establishments in the physical world (casinos, racinos, cruise ships and others) and to providers of gaming devices such as electronic table games. The firm also licenses its products to online casinos and other gaming-related websites.

Key Statistics of Galaxy Gaming Inc (GLXZ)

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

Today's Range

$1.77$1.77

Today's Open

$1.77

Volume

1100.00

P/E Ratio (TTM)

30.25

52 Week Range

$1.42$3.00

Market Cap

48.43M

Avg. Volume

43.49K

Dividend Yield

Financial Metrics & Statements of Galaxy Gaming Inc (GLXZ)

FAQ's for Galaxy Gaming Inc (GLXZ)

According to Musaffa’s Shariah screening methodology, Galaxy Gaming Inc (GLXZ) is currently classified as NOT HALAL 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.