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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: 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.
Read More New Momentum Corp (NNAX) Chart
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
Today's Open
$0.00Volume
100.00KP/E Ratio (TTM)
-52 Week Range
Market Cap
272.53KAvg. Volume
520.32KDividend 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.
- 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.
- 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.
- 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.
- The Shariah compliance status of New Momentum Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- 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.