Is Humbl Inc halal to invest in?

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

Can Muslims buy shares of Humbl Inc?

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

Musaffa determines the Shariah status of Humbl 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 Humbl Inc updated?

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

Can a halal stock like Humbl 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 Humbl Inc?

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

HMBL Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2024

Report Source: 2024 1st Quarter Report

Humbl Inc. Stock Analysis HMBL

United States Consumer Discretionary Nano Cap Report: Q1, 2024

HUMBL, Inc. develops mobile apps for digital payments. The company is headquartered in San Diego, California. The company went IPO on 2003-12-23. The firm focuses on owning and operating various subsidiaries, with a particular focus in Brazil and Latin America. FinCapital Credito Pagamentos e Servicos LTDA (FinCapital) is a subsidiary of the Company. FinCapital owns 41,500 tons of magnesium silicate. Magnesium silicate is a raw material that can be used in fertilizer and other industrial applications. FinCapital’s minerals, which are located in Minas Gerais in Brazil, is magnesium silicate, which is a residue with a variable amount of silicon, formed from the melting of metals and is called slag in the steel industry. The company owns a 51% interest in Multicortex, LLC, which is a company focusing on artificial intelligence and high-performance computing.

Key Statistics of Humbl Inc (HMBL)

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

230.25M

P/E Ratio (TTM)

52 Week Range

$0.00$0.00

Market Cap

10.09M

Avg. Volume

123.74M

Dividend Yield

Financial Metrics & Statements of Humbl Inc (HMBL)

FAQ's for Humbl Inc (HMBL)

According to Musaffa’s Shariah screening methodology, Humbl Inc (HMBL) is currently classified as NOT HALAL as of July 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.