Is Newpoint Financial Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Newpoint Financial Corp (NPFC) is currently classified as NOT HALAL 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 Newpoint Financial 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 Newpoint Financial Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Newpoint Financial Corp?

Muslim investors may consider investing in Newpoint Financial 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 Newpoint Financial Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Newpoint Financial 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 Newpoint Financial Corp updated?

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

Can a halal stock like Newpoint Financial 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 Newpoint Financial Corp?

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

NPFC Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 25, 2024

Report Source: 2023 3rd Quarter Report

Newpoint Financial Corp. Stock Analysis NPFC

United States N/A Nano Cap Report: Q3, 2023

Newpoint Financial Corp. engages in seeking to consummate a merger or acquisition. The company is headquartered in Beverly Hills, California and currently employs 0 full-time employees. The company went IPO on 2013-07-23. These investments results in the Company acquiring controlling or non-controlling interests in these entities. The company has acquired an interest in Novea, Inc., a financial and insurance services software company. The firm has also entered into an agreement for the acquisition of an interest in American Millennium Insurance Co., a New Jersey-based insurance company, through the purchase of shares of its parent holding companies. The firm has not yet generated revenues.

Key Statistics of Newpoint Financial Corp (NPFC)

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

Today's Range

$1.25$1.25

Today's Open

$1.25

Volume

100.00

P/E Ratio (TTM)

52 Week Range

$5.00$9.99

Market Cap

23.94M

Avg. Volume