Is GoLogiq Inc halal to invest in?

According to Musaffa's Shariah screening methodology, GoLogiq Inc (GOLQ) is currently classified as NOT HALAL as of April 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 GoLogiq 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 GoLogiq Inc using these criteria to determine its compliance status.

Can Muslims buy shares of GoLogiq Inc?

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

Musaffa determines the Shariah status of GoLogiq 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 GoLogiq Inc updated?

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

Can a halal stock like GoLogiq 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 GoLogiq Inc?

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

GOLQ Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 16, 2024

Report Source: 2023 3rd Quarter Report

GoLogiq Inc. Stock Analysis GOLQ

United States Information Technology Nano Cap Report: Q3, 2023

GoLogiq, Inc. operates as a development stage company, which engages in the business of developing, marketing, and selling a subscription-based income and expense tracking application. The company is headquartered in New York City, New York and currently employs 11 full-time employees. The company went IPO on 2020-11-11. The Company’s software platforms are comprised of CreateApp, which is a mobile app development and publishing platform for small-to-medium sized businesses (SMBs); AtozGo, which is an app-based delivery platform; AtozPay, which is an e-wallet for mobile top-ups, e-commerce purchases, bill payment, and microfinance; and Radix, a big data analytics platform. Through the Company’s subsidiary, GenFi Financial Group, Inc., and its subsidiaries (GENFI Group), it provides wealth management, direct-to-consumer lending platforms, mortgage broking, accounting, taxation advice, reporting, structuring, and solutions for individual investors and small-to-medium businesses in Australia. The company also offers compliance services, including advice regarding managed investment schemes (MIS), self-managed superannuation funds (SMSF), and other ancillary services.

Key Statistics of GoLogiq Inc (GOLQ)

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

Today's Range

$0.00$0.00

Today's Open

$0.00

Volume

243.00

P/E Ratio (TTM)

52 Week Range

$0.00$0.20

Market Cap

11.83K

Avg. Volume

140.50

Dividend Yield

Financial Metrics & Statements of GoLogiq Inc (GOLQ)

FAQ's for GoLogiq Inc (GOLQ)

According to Musaffa’s Shariah screening methodology, GoLogiq Inc (GOLQ) is currently classified as NOT HALAL as of April 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.