Is musicMagpie PLC halal to invest in?

As of October 2026, musicMagpie PLC MMAG.L is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is musicMagpie PLC 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 musicMagpie PLC using these criteria to determine its compliance status.

Can Muslims buy shares of musicMagpie PLC?

Muslim investors may consider investing in musicMagpie PLC 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 musicMagpie PLC classified as NOT HALAL?

Musaffa determines the Shariah status of musicMagpie PLC 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 musicMagpie PLC updated?

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

Can a halal stock like musicMagpie PLC 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 musicMagpie PLC?

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

Is musicMagpie PLC Stock Halal?

Shariah Compliance Analysis of MMAG.L Stock

United Kingdom Consumer Discretionary Nano Cap

No. As of October 2026, musicMagpie PLC (MMAG.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. musicMagpie PLC does not pass Musaffa's business and financial screening criteria.

musicMagpie Plc is a re-commerce company, which engages in the business of buying and selling second hand electronics including smartphones, tablets, consoles, personal computers, books and disc media. The firm is engaged in buying, selling and renting products across two main segments: Consumer technology, and Disc Media and Books. The Consumer technology segment includes smartphones, consoles, tablets, wearables and personal computers. The Disc Media and Books segment includes compact disks (CDs), digital versatile disks (DVDs), blu-rays and video games, and hardback and paperback books. Its brands include musicMagpie and Decluttr. Its United Kingdom business operates from over 170,000 square feet of processing and distribution centers based from two sites in North West England (Hazel Grove and Macclesfield). Its United States business operates from over 60,000 square feet of processing and distribution centers in Atlanta, Georgia. The firm buys both used and new products that it sells to consumers and rents out to businesses and consumers.

musicMagpie PLC MMAG.L

£8.95

Last Updated: Dec 12, 12:00 AM·LSE

Pricing for GB stocks is delayed by 24 hours

MMAG.L Shariah Compliance

Screening Methodology: AAOIFI

As of October 2026, musicMagpie PLC is classified as not halal.

NOT HALAL

musicMagpie PLC (MMAG.L) Chart

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Financial Metrics & Statements of musicMagpie PLC (MMAG.L)

FAQ's for musicMagpie PLC (MMAG.L)

As of October 2026, musicMagpie PLC MMAG.L is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes musicMagpie PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in musicMagpie PLC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of musicMagpie PLC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of musicMagpie PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of musicMagpie PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Alternate Halal Stocks for musicMagpie PLC (MMAG.L)

Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.

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