Is Kanabo Group PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Kanabo Group PLC (KNB.L) is currently classified as NOT HALAL as of October 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 Kanabo Group 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 Kanabo Group PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Kanabo Group PLC?

Muslim investors may consider investing in Kanabo Group 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 Kanabo Group PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Kanabo Group 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 Kanabo Group PLC updated?

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

Can a halal stock like Kanabo Group 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 Kanabo Group PLC?

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

Kanabo Group PLC KNB.L

GBX0.23

Last Updated: May 01, 12:00 AM·LSE

KNB.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 01, 2024

Report Source: 2023 Annual Report

Kanabo Group PLC. Stock Analysis KNB.L

United Kingdom Health Care Nano Cap Report: 2023 Annual

Kanabo Group Plc engages in the acquisition of a target company and business in the energy and industrial sectors. The Company’s principal activities are the distribution and development of cannabis derived medical and wellness products. The firm operates through two segments: Primary case and Secondary case. Primary case segment is involved in the telepharma services provided by GPS. Secondary case segment is involved in the distribution and development of cannabis-derived medical and wellness products. The firm is focused on the distribution of cannabis-derived products for medical patients, and non- tetrahydrocannabinol (THC) products for cannabidiol (CBD) consumers. The company has conducted research and development (R&D) in order to develop cannabis extract formulas, medical-grade vaporizers and various non-smoking consumption solutions. Its clinical and validation activities, including safety and efficiency tests, are conducted in Israel.

Key Statistics of Kanabo Group PLC (KNB.L)

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

Today's Range

GBX0.23GBX0.23

Today's Open

GBX0.23

Volume

P/E Ratio (TTM)

52 Week Range

GBX0.23GBX0.23

Market Cap

142.00M

Avg. Volume

399.20K

Dividend Yield

Financial Metrics & Statements of Kanabo Group PLC (KNB.L)

FAQ's for Kanabo Group PLC (KNB.L)

According to Musaffa’s Shariah screening methodology, Kanabo Group PLC (KNB.L) is currently classified as NOT HALAL as of October 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.