Is Grindrod Shipping Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Grindrod Shipping Holdings Ltd (GRIN) 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 Grindrod Shipping Holdings 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 Grindrod Shipping Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Grindrod Shipping Holdings Ltd?

Muslim investors may consider investing in Grindrod Shipping Holdings 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 Grindrod Shipping Holdings Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Grindrod Shipping Holdings 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 Grindrod Shipping Holdings Ltd updated?

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

Can a halal stock like Grindrod Shipping Holdings 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 Grindrod Shipping Holdings Ltd?

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

GRIN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 26, 2024

Report Source: 2023 3rd Quarter Report

Analyst's Ratings for Grindrod Shipping Holdings Ltd (GRIN)

Based on 6 analysts giving stock ratings to Grindrod Shipping Holdings Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Grindrod Shipping Holdings Ltd. Stock Analysis GRIN

United States Industrials Micro Cap Report: Q3, 2023

Grindrod Shipping Holdings Ltd. engages in the provision of maritime transportation services. The company employs 1,015 full-time employees The firm operates the drybulk carriers’ business, which is divided into three segments: Handysize, Supramax/Ultramax, and Others. The drybulk business, which operates under the brand Island View Shipping (IVS), includes a core fleet of approximately 29 vessels, consisting of 14 handysize drybulk carriers and 15 supramax/ultramax drybulk carriers. Its drybulk carriers transport a range of major and minor bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers, along worldwide shipping routes and are employed in pools of similarly sized vessels or in the spot market. Its subsidiaries include Comshipco Schiffahrtsagentur GmBH, Grindrod Shipping Pte. Ltd., Grindrod Shipping Services UK Limited, Grindrod Shipping (South Africa) (Pty) Ltd, IM Shipping Pte. Ltd., and IVS Bulk Pte. Ltd., among others.

Key Statistics of Grindrod Shipping Holdings Ltd (GRIN)

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

Today's Range

$30.56$30.76

Today's Open

$30.76

Volume

8172.00

P/E Ratio (TTM)

Market Cap

230.13M

Avg. Volume

8491.13

Dividend Yield

Financial Metrics & Statements of Grindrod Shipping Holdings Ltd (GRIN)

FAQ's for Grindrod Shipping Holdings Ltd (GRIN)

According to Musaffa’s Shariah screening methodology, Grindrod Shipping Holdings Ltd (GRIN) 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.