Is Latch Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Latch Inc (LTCH) is currently classified as NOT HALAL as of December 2022. 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 Latch 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 Latch Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Latch Inc?

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

Musaffa determines the Shariah status of Latch 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 Latch Inc updated?

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

Can a halal stock like Latch 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 Latch Inc?

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

LTCH Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 12, 2022

Report Source: 2022 1st Quarter Report

Latch Inc. Stock Analysis LTCH

United States Information Technology Nano Cap Report: Q1, 2022

Latch, Inc. is an enterprise technology company, which provides security systems design and software services. The company is headquartered in Olivette, Missouri and currently employs 120 full-time employees. The company went IPO on 2020-11-10. The firm has designed and developed a cloud-based software-as-a-service (SaaS) platform (the Latch Platform) to address the access requirements of modern multifamily buildings. Its DOOR application provides similar functionalities as the Latch application while also enabling additional services for residents. The company provides technology for residential service providers, such as housekeepers, dog walkers, electricians, and drivers. Its service platform delivers on-demand, last-mile installation, setup and connected device support. Its customers include real estate developers, builders, building owners and property managers in the multifamily market segment in the United States and Canada.

Key Statistics of Latch Inc (LTCH)

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

Today's Range

$0.18$0.20

Today's Open

$0.18

Volume

3537.00

P/E Ratio (TTM)

52 Week Range

$0.02$0.30

Market Cap

39.42M

Avg. Volume

34.47K

Dividend Yield

Financial Metrics & Statements of Latch Inc (LTCH)

FAQ's for Latch Inc (LTCH)

According to Musaffa’s Shariah screening methodology, Latch Inc (LTCH) is currently classified as NOT HALAL as of December 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.