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SGMD Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: August 15, 2024
Report Source: 2024 1st Quarter Report
Sugarmade Inc. Stock Analysis SGMD
United States Materials Nano Cap Report: Sugarmade, Inc. engages in the supply of disposable products to the quick-service restaurant sub-sector of the restaurant industry, import and distribution of non-medical personal protection equipment, provision of cannabis products delivery services, and the establishment of selected cannabis and hemp projects. The company is headquartered in Monrovia California, California and currently employs 7 full-time employees. The firm operates through cannabis products delivery segment. The firm focuses on investing in cannabis real estate, cultivation, and wholesale sectors vs. cannabis retail operations. The firm is also engaged in selected cannabis and hemp projects. Its subsidiary is Lemon Glow Company, Inc. (Lemon Glow). Its portfolio includes approximately 640-acre landholding situated in Lake County, California.
Read More Sugarmade Inc (SGMD) Chart
Key Statistics of Sugarmade Inc (SGMD)
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
7499.00P/E Ratio (TTM)
-52 Week Range
Market Cap
6238.00Avg. Volume
43.97KDividend Yield
-Financial Metrics & Statements of Sugarmade Inc (SGMD)
FAQ's for Sugarmade Inc (SGMD)
- According to Musaffa’s Shariah screening methodology, Sugarmade Inc (SGMD) is currently classified as NOT HALAL as of August 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 Sugarmade Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Sugarmade Inc 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 Sugarmade Inc 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 Sugarmade Inc 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 Sugarmade Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.