Is Mynaric AG halal to invest in?

According to Musaffa's Shariah screening methodology, Mynaric AG (M0YN.DE) 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 Mynaric AG 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 Mynaric AG using these criteria to determine its compliance status.

Can Muslims buy shares of Mynaric AG?

Muslim investors may consider investing in Mynaric AG 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 Mynaric AG classified as NOT HALAL?

Musaffa determines the Shariah status of Mynaric AG 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 Mynaric AG updated?

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

Can a halal stock like Mynaric AG 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 Mynaric AG?

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

Mynaric AG M0YN.DE

€0.53 €0.07 (12.21%) 1D

Last Updated: May 30, 12:00 AM·XETRA

M0YN.DE Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 19, 2024

Report Source: 2023 Annual Report

Analyst's Ratings for Mynaric AG (M0YN.DE)

Based on 9 analysts giving stock ratings to Mynaric AG in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Mynaric AG. Stock Analysis M0YN.DE

Germany Industrials Nano Cap Report: 2023 Annual

Mynaric AG engages in the provision of laser communication solutions. The company is headquartered in Gilching, Bayern and currently employs 314 full-time employees. The company went IPO on 2017-10-30. The firm provides laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The firm's products include high altitude networks, secure remote surveillance, downlinks for Earth observation satellites, satellite constellation.

Key Statistics of Mynaric AG (M0YN.DE)

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

Today's Range

€0.52€0.68

Today's Open

€0.61

Volume

59.41K

P/E Ratio (TTM)

52 Week Range

€0.50€4.27

Market Cap

4.46M

Avg. Volume

11.36K

Dividend Yield

Financial Metrics & Statements of Mynaric AG (M0YN.DE)

FAQ's for Mynaric AG (M0YN.DE)

According to Musaffa’s Shariah screening methodology, Mynaric AG (M0YN.DE) 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.