Is Sugarmade Inc halal to invest in?

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.

Is Sugarmade Inc 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 Sugarmade Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Sugarmade Inc?

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.

Why is Sugarmade Inc classified as NOT HALAL?

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.

How often is the Shariah compliance for Sugarmade Inc updated?

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

Can a halal stock like Sugarmade Inc 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 Sugarmade Inc?

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.

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: Q1, 2024

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.

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

$0.00$0.00

Today's Open

$0.00

Volume

591.00

P/E Ratio (TTM)

52 Week Range

$0.00$0.10

Market Cap

6238.00

Avg. Volume

18.30K

Dividend 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.