Is New Infinity Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, New Infinity Holdings Ltd (NIHL) is currently classified as DOUBTFUL as of April 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 New Infinity Holdings 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 New Infinity Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of New Infinity Holdings Ltd?

Muslim investors may consider investing in New Infinity Holdings 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 New Infinity Holdings Ltd classified as DOUBTFUL?

Musaffa determines the Shariah status of New Infinity Holdings 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 New Infinity Holdings Ltd updated?

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

Can a halal stock like New Infinity Holdings 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 New Infinity Holdings Ltd?

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

NIHL Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: April 29, 2024

Report Source: 2023 Annual Report

New Infinity Holdings Ltd. Stock Analysis NIHL

United States N/A Nano Cap Report: 2023 Annual

The company is headquartered in Henderson, Nevada. The company went IPO on 2001-10-16.

Key Statistics of New Infinity Holdings Ltd (NIHL)

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

Today's Range

$0.03$0.03

Today's Open

$0.03

Volume

30.10K

P/E Ratio (TTM)

52 Week Range

$0.01$0.10

Market Cap

7.66M

Avg. Volume