Is Albion KAY VCT PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Albion KAY VCT PLC (KAY.L) is currently classified as NOT HALAL as of September 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 Albion KAY VCT PLC 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 Albion KAY VCT PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Albion KAY VCT PLC?

Muslim investors may consider investing in Albion KAY VCT PLC 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 Albion KAY VCT PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Albion KAY VCT PLC 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 Albion KAY VCT PLC updated?

The Shariah compliance status of Albion KAY VCT PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Albion KAY VCT PLC 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 Albion KAY VCT PLC?

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

Albion KAY VCT PLC KAY.L

£0.20

Last Updated: Dec 20, 12:00 AM·LSE

KAY.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 30, 2024

Report Source: 2024 2nd Quarter Report

Albion KAY VCT PLC. Stock Analysis KAY.L

United Kingdom Financials Micro Cap Report: Q2, 2024

Albion KAY VCT PLC is a GB-based company operating in Capital Markets industry. Albion KAY VCT PLC (the Trust), formerly Kings Arms Yard VCT PLC, is a United Kingdom-based venture capital trust (VCT). The Trust’s investment policy is intended to produce a regular and predictable dividend stream with an appreciation in capital value. The Trust is focused on investing in a portfolio of higher-growth businesses across a variety of sectors of the United Kingdom economy, including higher-risk technology companies. Allocation of assets will be determined by the investment opportunities which become available, but efforts will be made to ensure that the portfolio is diversified both in terms of sector and stage of maturity of the Company. The Trust holds a diversified selection of businesses, with key investments in digital healthcare, renewable energy, financial technology, and software and other technology sectors. Albion Capital Group LLP acts as the manager of the Trust.

Key Statistics of Albion KAY VCT PLC (KAY.L)

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

Today's Range

£0.20£0.20

Today's Open

£0.20

Volume

P/E Ratio (TTM)

49.89

52 Week Range

£19.00£19.00

Market Cap

106.57M

Avg. Volume

87.59K

Dividend Yield

4.26%

Financial Metrics & Statements of Albion KAY VCT PLC (KAY.L)

FAQ's for Albion KAY VCT PLC (KAY.L)

According to Musaffa’s Shariah screening methodology, Albion KAY VCT PLC (KAY.L) is currently classified as NOT HALAL as of September 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.