Is Grendene SA halal to invest in?

As of July 2026, Grendene SA GRND3.SA is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Grendene SA 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 Grendene SA using these criteria to determine its compliance status.

Can Muslims buy shares of Grendene SA?

Muslim investors may consider investing in Grendene SA 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 Grendene SA classified as NOT COVERED?

Musaffa determines the Shariah status of Grendene SA 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 Grendene SA updated?

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

Can a halal stock like Grendene SA 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 Grendene SA?

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

Grendene SA GRND3.SA

Last Updated: Jul 13, 12:00 AM·BOVESPA

Grendene SA. Stock Analysis GRND3.SA

Brazil Consumer Discretionary Small Cap

Grendene SA engages in the development, manufactures distribution, and sale of footwear. The company is headquartered in Sobral, Ceara and currently employs 16,378 full-time employees. The company went IPO on 2004-10-29. The firm's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The firm sells its products through commercial representatives, distributors and direct export. The company operates a number of manufacturing plants in Brazil. The company controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.

Shariah Compliance Report

An extensive business and financial screening of the company which specifies why a stock is halal or haram!