Is Novatech Industries SA halal to invest in?

According to Musaffa's Shariah screening methodology, Novatech Industries SA (MLNOV.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 Novatech Industries 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 Novatech Industries SA using these criteria to determine its compliance status.

Can Muslims buy shares of Novatech Industries SA?

Muslim investors may consider investing in Novatech Industries 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 Novatech Industries SA classified as NOT HALAL?

Musaffa determines the Shariah status of Novatech Industries 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 Novatech Industries SA updated?

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

Can a halal stock like Novatech Industries 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 Novatech Industries SA?

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

Novatech Industries SA MLNOV.PA

€19.00

Last Updated: May 14, 12:00 AM·XPAR

MLNOV.PA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 04, 2024

Report Source: 2022 Annual Report

Novatech Industries SA. Stock Analysis MLNOV.PA

France Industrials Nano Cap Report: 2022 Annual

Novatech Industries SA engages in the provision of electronic sub-contracting services. The firm operates in two main activities: the assembly of electric components supplied by contractors and the manufacture of electronic cards. The firm is active in such sectors as industrial electronics, telecommunications, energy and medical industry, among others. Novatech Industries SA also offers services related to the construction of prototype electronic cards and their analysis. The products are provided to household electrical appliance, telecom, medical, energy, electronics and optical telecom sectors.

Key Statistics of Novatech Industries SA (MLNOV.PA)

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

Today's Range

€19.00€19.00

Today's Open

€19.00

Volume

1.00

P/E Ratio (TTM)

191.98

52 Week Range

€10.50€20.00

Market Cap

19.20M

Avg. Volume

38.36

Dividend Yield

Financial Metrics & Statements of Novatech Industries SA (MLNOV.PA)

FAQ's for Novatech Industries SA (MLNOV.PA)

According to Musaffa’s Shariah screening methodology, Novatech Industries SA (MLNOV.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.