Is Merino & Co Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Merino & Co Ltd (MNC.AX) is currently classified as DOUBTFUL as of December 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 Merino & Co Ltd 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 Merino & Co Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Merino & Co Ltd?

Muslim investors may consider investing in Merino & Co Ltd 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 Merino & Co Ltd classified as DOUBTFUL?

Musaffa determines the Shariah status of Merino & Co Ltd 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 Merino & Co Ltd updated?

The Shariah compliance status of Merino & Co Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Merino & Co Ltd 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 Merino & Co Ltd?

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

MNC.AX Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: December 16, 2024

Report Source: 2024 Annual Report

Merino & Co Ltd. Stock Analysis MNC.AX

Australia Consumer Discretionary Nano Cap Report: 2024 Annual

Merino & Co. Ltd. engages in the manufacture, marketing, and selling wool apparel and accessories. The firm sells its merino wool garments and accessories in Australia through its own online store as well as at duty-free shops, airports, boutique shops, tourism sites, and generally via wholesalers and agents. The firm has over 600 points of sales spanning across Australia. The firm segments are Australia and China. Its WOMENSWEAR includes SWEATERS, CARDIGANS & TOPS, JACKETS & VESTS, PONCHO & WRAPS, and DRESSES & COATS. Its ACCESSORIES include SCARVES, SHAWLS & WRAPS, SOCKS, and BEANIES & GLOVES. The firm has also been exporting and selling direct to international markets, including China, Japan, and North America.

Key Statistics of Merino & Co Ltd (MNC.AX)

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

Today's Range

AUD0.15AUD0.16

Today's Open

AUD0.15

Volume

4000.00

P/E Ratio (TTM)

52 Week Range

AUD0.09AUD0.27

Market Cap

9.22M

Avg. Volume

833.33

Dividend Yield

Financial Metrics & Statements of Merino & Co Ltd (MNC.AX)

FAQ's for Merino & Co Ltd (MNC.AX)

According to Musaffa’s Shariah screening methodology, Merino & Co Ltd (MNC.AX) is currently classified as DOUBTFUL as of December 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.