Is Genetic Technologies Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Genetic Technologies Ltd (GTG.AX) is currently classified as HALAL as of October 2023. 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 Genetic Technologies 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 Genetic Technologies Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Genetic Technologies Ltd?

Muslim investors may consider investing in Genetic Technologies 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 Genetic Technologies Ltd classified as HALAL?

Musaffa determines the Shariah status of Genetic Technologies 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 Genetic Technologies Ltd updated?

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

Can a halal stock like Genetic Technologies 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 Genetic Technologies Ltd?

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

GTG.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: October 19, 2023

Report Source: 2023 Annual Report

Genetic Technologies Ltd. Stock Analysis GTG.AX

Australia Health Care Nano Cap Report: 2023 Annual

Genetic Technologies Ltd. engages in the provision of molecular risk assessment tests for cancer. The company is headquartered in Melbourne, Victoria and currently employs 58 full-time employees. The firm is engaged in providing genomics-based tests on health, wellness and serious disease through its EasyDNA brand. The company offers cancer predictive testing and assessment tools to help physicians to improve health outcomes for people around the world. The firm has a proprietary risk stratification platform that integrates clinical and genetic risk to deliver outcomes to physicians and individuals. The firm's segments include EasyDNA, AffinityDNA, and GeneType/Corporate. The EasyDNA segment relates to EasyDNA branded test sales and expenses. The AffinityDNA segment relates to AffinityDNA branded test sales and expenses. GeneType/Corporate: relates to geneType branded test sales and expense, includes corporate charges.

Key Statistics of Genetic Technologies Ltd (GTG.AX)

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

Today's Range

AUD0.00AUD0.00

Today's Open

AUD0.00

Volume

500.00K

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.01

Market Cap

52.08M

Avg. Volume

87.31K

Dividend Yield

Financial Metrics & Statements of Genetic Technologies Ltd (GTG.AX)

FAQ's for Genetic Technologies Ltd (GTG.AX)

According to Musaffa’s Shariah screening methodology, Genetic Technologies Ltd (GTG.AX) is currently classified as HALAL as of October 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.