Is Hydraulique Holding SA halal to invest in?

According to Musaffa's Shariah screening methodology, Hydraulique Holding SA (MLHYD.PA) is currently classified as NOT HALAL as of February 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 Hydraulique Holding SA 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 Hydraulique Holding SA using these criteria to determine its compliance status.

Can Muslims buy shares of Hydraulique Holding SA?

Muslim investors may consider investing in Hydraulique Holding SA 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 Hydraulique Holding SA classified as NOT HALAL?

Musaffa determines the Shariah status of Hydraulique Holding SA 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 Hydraulique Holding SA updated?

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

Can a halal stock like Hydraulique Holding SA 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 Hydraulique Holding SA?

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

Hydraulique Holding SA MLHYD.PA

€760.00

Last Updated: Mar 12, 12:00 AM·XPAR

MLHYD.PA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 02, 2024

Report Source: 2023 3rd Quarter Report

Hydraulique Holding SA. Stock Analysis MLHYD.PA

France N/A Micro Cap Report: Q3, 2023

Hydraulique Holding SA engages in the engineering and production of hydraulic cylinders. The firm offers two types of products: standard cylinders, including single and double-acting cylinders, and special jacks, comprising double-acting telescopic cylinders, jacks, and outriggers. In addition, it produces hydraulic cylinders based on 'MECANHYDRO' designs, and customer specifications, incorporating their mounting and dimensions requirements. The company commences in various applications in different sectors such as construction, public works, lifting, transportation, agricultural machinery, industry, and environment. The company manufactures approximately 250,000 hydraulic cylinders annually, 45% of which are exported.

Key Statistics of Hydraulique Holding SA (MLHYD.PA)

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

Today's Range

€760.00€760.00

Today's Open

€760.00

Volume

1.00

P/E Ratio (TTM)

12.23

52 Week Range

€740.00€760.00

Market Cap

52.84M

Avg. Volume