Is musicMagpie PLC halal to invest in?

According to Musaffa's Shariah screening methodology, musicMagpie PLC (MMAG.L) is currently classified as NOT HALAL as of October 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 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.

musicMagpie PLC MMAG.L

£8.95

Last Updated: Dec 12, 12:00 AM·LSE

MMAG.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 02, 2024

Report Source: 2024 2nd Quarter Report

musicMagpie PLC. Stock Analysis MMAG.L

United Kingdom Consumer Discretionary Nano Cap Report: Q2, 2024

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.

Key Statistics of musicMagpie PLC (MMAG.L)

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

Today's Range

£8.95£8.95

Today's Open

£8.95

Volume

P/E Ratio (TTM)

52 Week Range

£8.95£8.95

Market Cap

9.65M

Avg. Volume

375.61K

Dividend Yield

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

FAQ's for musicMagpie PLC (MMAG.L)

According to Musaffa’s Shariah screening methodology, musicMagpie PLC (MMAG.L) is currently classified as NOT HALAL as of October 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.