NEPTF Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: July 27, 2024
Report Source: 2024 3rd Quarter Report
Neptune Wellness Solutions Inc. Stock Analysis NEPTF
Neptune Wellness Solutions, Inc. engages in the business of redefining health and wellness by building a range of portfolio of natural, plant-based, sustainable, and purpose-driven lifestyle brands and consumer packaged goods products in key health and wellness markets, including nutraceuticals and organic baby food. The firm focuses on developing a portfolio of consumer products that align with the market trends for natural, sustainable, plant-based, and purpose-driven lifestyle brands. Its products are available in more than 29,000 retail locations and include organic food and beverage brands, such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. Its main brand units are nutraceuticals and organic foods and beverages. The firm sells its nutraceutical products mainly in bulk soft gels or liquids to multiple distributors and customers, who commercialize these products under their private label. The Company, through its Sprout subsidiary, sells its organic foods and beverages products to mass retailers, grocery stores and other retail outlets, as well as online through e-commerce sites and its own Website.
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Financial Metrics & Statements of Neptune Wellness Solutions Inc (NEPTF)
FAQ's for Neptune Wellness Solutions Inc (NEPTF)
- According to Musaffa’s Shariah screening methodology, Neptune Wellness Solutions Inc (NEPTF) is currently classified as NOT HALAL as of July 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.