Loop Industries Inc LOOP
$0.62 $0.03 (4.03%) 1D
Last Updated: Aug 21, 12:00 AM·NASDAQ
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LOOP Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Loop Industries Inc is classified as halal.
HALAL
Report Source: undefined Quarter Report
Loop Industries Inc. Stock Analysis LOOP
United States Materials Nano Cap Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. The company is headquartered in Terrebonne, Quebec and currently employs 40 full-time employees. The company went IPO on 2012-09-27. The firm owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Loop PET plastic and polyester fiber can be recycled infinitely without degradation of quality, helping to close the plastic loop. Its depolymerization operates at low temperature with no added pressure, which enables a wider range of PET and polyester fiber to be recycled. Its technology can recycle a wide range of waste PET plastic bottles and packaging of any color, transparency or condition, as well as polyester textiles, such as carpet and clothing.
Loop Industries Inc (LOOP) Chart
Financial Metrics & Statements of Loop Industries Inc (LOOP)
FAQ's for Loop Industries Inc (LOOP)
- As of August 2026, Loop Industries Inc LOOP is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Loop Industries Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Loop Industries 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.
- Musaffa determines the Shariah status of Loop Industries Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Loop Industries Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Loop Industries Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Loop Industries Inc (LOOP)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
