Is Orcoda Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Orcoda Ltd (ODA.AX) is currently classified as HALAL as of February 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 Orcoda 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 Orcoda Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Orcoda Ltd?

Muslim investors may consider investing in Orcoda 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 Orcoda Ltd classified as HALAL?

Musaffa determines the Shariah status of Orcoda 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 Orcoda Ltd updated?

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

Can a halal stock like Orcoda 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 Orcoda Ltd?

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

ODA.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: February 14, 2024

Report Source: 2023 Annual Report

Analyst's Ratings for Orcoda Ltd (ODA.AX)

Based on 7 analysts giving stock ratings to Orcoda Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Orcoda Ltd. Stock Analysis ODA.AX

Australia Information Technology Nano Cap Report: 2023 Annual

Orcoda Ltd. engages in mobile software systems for logistics, consumer mobile applications and billing. The firm is a provider of integrated smart technology solutions in transport logistics, workforce logistics, and transport infrastructure. The firm operates through two segments: Resource & Infrastructure and Transport Technology. The Transport Technology segment provides products and services, including software-as-a-service and consulting based on its Booking and Orcoda Logistics Management System software platforms, and the sale and installation of fleet management solutions (via Future Fleet) across various sectors, principally transportation and healthcare transport. The Infrastructure Services segment offers infrastructure services, and the Orcoda Workforce Logistics System (OWLS) platform, with contracting and management capabilities in the infrastructure and resource sectors. Its Transport360 delivers technical solutions for deliveries, collections, people and in-field transport operations and services.

Key Statistics of Orcoda Ltd (ODA.AX)

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

Today's Range

AUD0.05AUD0.05

Today's Open

AUD0.05

Volume

29.67K

P/E Ratio (TTM)

52 Week Range

AUD0.04AUD0.09

Market Cap

9.00M

Avg. Volume

23.59K

Dividend Yield

Financial Metrics & Statements of Orcoda Ltd (ODA.AX)

FAQ's for Orcoda Ltd (ODA.AX)

According to Musaffa’s Shariah screening methodology, Orcoda Ltd (ODA.AX) is currently classified as HALAL as of February 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.