Is My City Builders Inc halal to invest in?

According to Musaffa's Shariah screening methodology, My City Builders Inc (MYCB) is currently classified as NOT HALAL as of September 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 My City Builders Inc 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 My City Builders Inc using these criteria to determine its compliance status.

Can Muslims buy shares of My City Builders Inc?

Muslim investors may consider investing in My City Builders Inc 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 My City Builders Inc classified as NOT HALAL?

Musaffa determines the Shariah status of My City Builders Inc 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 My City Builders Inc updated?

The Shariah compliance status of My City Builders Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like My City Builders Inc 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 My City Builders Inc?

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

MYCB Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 20, 2024

Report Source: 2024 3rd Quarter Report

My City Builders Inc. Stock Analysis MYCB

United States Information Technology Nano Cap Report: Q3, 2024

My City Builders, Inc. is focused on the real estate transactions, particularly the acquisition, development, and sale or rental of low-income housing. The company is headquartered in Miami, Florida. The company went IPO on 2013-05-06. The Company, through RAC, plans to focus on real estate transactions, in which the Company seeks to buy and develop real estate for sale or rent of low-income housing. The firm intends to invest in three sectors of this market by acquiring, refurbishing, and selling traditional foreclosures; purchasing, developing, and renting properties in Land Banks, which comprise over 100 homes or lots in a single location; and acquiring, refurbishing, or developing homes available through HECM (Home Equity Conversion Mortgage) pools.

Key Statistics of My City Builders Inc (MYCB)

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

Today's Range

$0.11$0.11

Today's Open

$0.11

Volume

3700.00

P/E Ratio (TTM)

52 Week Range

$0.10$1.10

Market Cap

1.99M

Avg. Volume