Is Streit Mecanique SA halal to invest in?

According to Musaffa's Shariah screening methodology, Streit Mecanique SA (MLSTR.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 Streit Mecanique 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 Streit Mecanique SA using these criteria to determine its compliance status.

Can Muslims buy shares of Streit Mecanique SA?

Muslim investors may consider investing in Streit Mecanique 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 Streit Mecanique SA classified as NOT HALAL?

Musaffa determines the Shariah status of Streit Mecanique 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 Streit Mecanique SA updated?

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

Can a halal stock like Streit Mecanique 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 Streit Mecanique SA?

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

Streit Mecanique SA MLSTR.PA

€8.40

Last Updated: Apr 15, 12:00 AM·XPAR

MLSTR.PA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 05, 2024

Report Source: 2022 Annual Report

Streit Mecanique SA. Stock Analysis MLSTR.PA

France Consumer Discretionary Nano Cap Report: 2022 Annual

Streit Mecanique SA engages in the provision of machining and assembly of iron, steel, and aluminum components for automobile constructors and parts manufacturers. The firm specializes in the conception and production of mechanical components made of cast iron, carbon steel and aluminum, such as flywheels, turbo-compressors, fixing points and pipes, for the automobile constructors and parts manufacturers. Its main clients are Peugeot, Honeywell France, Honeywell Italie, Valeo, and PCM. Streit Industries SA operates through two subsidiaries: Streit Mecanique SA, engaged in the machining and assembly of components; Streit Ingenierie Sarl, which proceeds analysis, designs and manufactures special production tools and equipment.

Key Statistics of Streit Mecanique SA (MLSTR.PA)

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

Today's Range

€8.40€8.40

Today's Open

€8.40

Volume

25.00

P/E Ratio (TTM)

9.37

52 Week Range

€7.90€15.20

Market Cap

5.32M

Avg. Volume