Is New Momentum Corp halal to invest in?

According to Musaffa's Shariah screening methodology, New Momentum Corp (NNAX) 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.

Is New Momentum Corp 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 Momentum Corp using these criteria to determine its compliance status.

Can Muslims buy shares of New Momentum Corp?

Muslim investors may consider investing in New Momentum Corp 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 Momentum Corp classified as NOT HALAL?

Musaffa determines the Shariah status of New Momentum Corp 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 Momentum Corp updated?

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

Can a halal stock like New Momentum Corp 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 Momentum Corp?

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

NNAX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2024

Report Source: 2024 1st Quarter Report

New Momentum Corp. Stock Analysis NNAX

United States N/A Nano Cap Report: Q1, 2024

New Momentum Corp. is a holding company, which engages in the development and operation of online ticketing platforms. The company employs 2 full-time employees The company went IPO on 2001-01-19. The Company, through its subsidiaries, mainly operates a smartphone application to provide the online platform with 'Book Now, Pay Later' flight booking service for travelers among over 500 airlines worldwide to search and secure their tickets. The firm has developed and operates an online ticketing platform, Gagfare.com, provides a ticketing system for individuals and agencies to search, book and issue flight tickets and other services. The company also offers its services through its application, Gagfare. The firm allows customers to arrange and book multiple-stop itineraries and check their bookings through official airline websites using the Gagfare booking reference number. Its subsidiaries include NEMO Holding Company Limited, an investment holding company; Gagfare Limited, a travel agency; Beyond Blue Limited, an event organizer; and New Momentum Asia Pte. Ltd., an investment holding company.

Key Statistics of New Momentum Corp (NNAX)

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

Today's Range

$0.00$0.00

Today's Open

$0.00

Volume

26.89M

P/E Ratio (TTM)

52 Week Range

$0.00$0.00

Market Cap

330.35K

Avg. Volume

8.95M

Dividend Yield

Financial Metrics & Statements of New Momentum Corp (NNAX)

FAQ's for New Momentum Corp (NNAX)

According to Musaffa’s Shariah screening methodology, New Momentum Corp (NNAX) 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.