Is Renold PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Renold PLC (RNO.L) is currently classified as NOT HALAL as of January 2025. 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 Renold PLC 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 Renold PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Renold PLC?

Muslim investors may consider investing in Renold PLC 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 Renold PLC classified as NOT HALAL?

Musaffa determines the Shariah status of Renold PLC 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 Renold PLC updated?

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

Can a halal stock like Renold PLC 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 Renold PLC?

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

Renold PLC RNO.L

GBX82.00 GBX0.18 (0.22%) 1D

Last Updated: Oct 29, 12:00 AM·LSE

RNO.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 29, 2025

Report Source: 2025 2nd Quarter Report

Renold PLC. Stock Analysis RNO.L

United Kingdom Industrials Micro Cap Report: Q2, 2025

Renold Plc engages in the manufacture and sale of precision engineered and power transmission products. The firm operates through two segments: Chain and Torque Transmission. The Chain segment manufactures and sells power transmission and conveyor chain and includes sales of torque transmission products through Chain National Sales Companies (NSCs). The Torque Transmission segment manufactures and sells torque transmission products, such as gearboxes and couplings. Its ranges of industrial chain, gearboxes and couplings are specified for use in power transmission, lifting, conveying, and processing applications around the world. Its products include inverted tooth chain, transmission chain, gears and gearboxes, Renold couplings, freewheel clutches, conveyor chain, leaf chain, processing equipment and vibratory drives, sprockets and accessories, and cycle chain. The firm serves a range of industries, such as agriculture, energy, materials handling, and transportation, among others.

Key Statistics of Renold PLC (RNO.L)

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

Today's Range

GBX81.80GBX81.80

Today's Open

GBX81.82

Volume

P/E Ratio (TTM)

12.29

52 Week Range

GBX35.19GBX88.00

Market Cap

16.26B

Avg. Volume

6.00

Dividend Yield

0.54%

Financial Metrics & Statements of Renold PLC (RNO.L)

FAQ's for Renold PLC (RNO.L)

According to Musaffa’s Shariah screening methodology, Renold PLC (RNO.L) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.