Is Lilium NV halal to invest in?

According to Musaffa's Shariah screening methodology, Lilium NV (LILMF) 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 Lilium NV 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 Lilium NV using these criteria to determine its compliance status.

Can Muslims buy shares of Lilium NV?

Muslim investors may consider investing in Lilium NV 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 Lilium NV classified as NOT HALAL?

Musaffa determines the Shariah status of Lilium NV 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 Lilium NV updated?

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

Can a halal stock like Lilium NV 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 Lilium NV?

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

LILMF Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 30, 2024

Report Source: 2024 2nd Quarter Report

Lilium NV. Stock Analysis LILMF

United States Industrials Nano Cap Report: Q2, 2024

Lilium NV engages in developing all-electric vertical take-off and landing jets. The company is headquartered in Gauting, Bayern and currently employs 864 full-time employees. The company went IPO on 2020-11-23. The firm is focused on developing an electric vertical takeoff and landing (eVTOL) aircraft for use in air transport system for people and goods that offers connectivity. The firm's product is an electric, seven-seater jet aircraft that take-off and land vertically with low noise, which is called as the Lilium Jet. Its eVTOL aircraft is made up of battery technology, lightweight materials, sensors and computing power and propulsion technology. The firm's Lilium Jet architecture is based on Ducted Electric Vectored Thrust (DEVT) technology. DEVT consists of electric turbofans mounted within a cylindrical duct. The firm also operates a digital platform, which provides integration between Lilium Jets and its vertiports. Its online booking channels help customers find suitable flights, make reservations, select related travel products and collect necessary passenger information.

Key Statistics of Lilium NV (LILMF)

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

10.02K

P/E Ratio (TTM)

52 Week Range

$0.00$0.16

Market Cap

1.18M

Avg. Volume

107.38K

Dividend Yield

Financial Metrics & Statements of Lilium NV (LILMF)

FAQ's for Lilium NV (LILMF)

According to Musaffa’s Shariah screening methodology, Lilium NV (LILMF) 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.