Is Omniq Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Omniq Corp (OMQS) 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 Omniq 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 Omniq Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Omniq Corp?

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

Musaffa determines the Shariah status of Omniq 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 Omniq Corp updated?

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

Can a halal stock like Omniq 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 Omniq Corp?

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

OMQS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 27, 2024

Report Source: 2024 1st Quarter Report

Analyst's Ratings for Omniq Corp (OMQS)

Based on 7 analysts giving stock ratings to Omniq Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Omniq Corp. Stock Analysis OMQS

United States Information Technology Nano Cap Report: Q1, 2024

OMNIQ Corp. engages in the provision of computerized and machine vision image processing solutions. The company is headquartered in Murray, Utah and currently employs 127 full-time employees. The Company’s solutions use patented and proprietary artificial intelligence (AI) technology to deliver real-time object identification, tracking, surveillance, and monitoring for supply chain management, public safety, and traffic management applications. The company is focused on its core divisions: Smart Automation and AI-driven products. The technology and services provided by the Company help clients move people and objects and manage big data safely and securely through airports, warehouses, schools, and national borders and in many other applications and environments. Its customers include government agencies and Fortune 500 companies from several sectors.

Key Statistics of Omniq Corp (OMQS)

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

Today's Range

$0.09$0.11

Today's Open

$0.11

Volume

15.46K

P/E Ratio (TTM)

52 Week Range

$0.04$0.27

Market Cap

1.73M

Avg. Volume

6466.26

Dividend Yield

Financial Metrics & Statements of Omniq Corp (OMQS)

FAQ's for Omniq Corp (OMQS)

According to Musaffa’s Shariah screening methodology, Omniq Corp (OMQS) 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.