Is Shires Income PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Shires Income PLC (SHRS.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 Shires Income 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 Shires Income PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Shires Income PLC?

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

Musaffa determines the Shariah status of Shires Income 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 Shires Income PLC updated?

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

Can a halal stock like Shires Income 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 Shires Income PLC?

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

Shires Income PLC SHRS.L

GBX302.09

Last Updated: Mar 10, 12:00 AM·LSE

SHRS.L Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 29, 2025

Report Source: 2025 2nd Quarter Report

Shires Income PLC. Stock Analysis SHRS.L

United Kingdom N/A Micro Cap Report: Q2, 2025

Shires Income PLC is a GB-based company operating in industry. The company is headquartered in Aberdeen, Aberdeenshire and currently employs 0 full-time employees. Shires Income PLC is a United Kingdom-based closed-end investment company. The firm's investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital, from a diversified portfolio substantially invested in United Kingdom equities but also in preference shares, convertibles and other fixed-income securities. Its investment policy is to invest principally in the ordinary shares of the United Kingdom quoted companies, and in preference shares, convertibles and other fixed-income securities with above-average yields. The firm invests in various sectors, including basic materials, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, real estate, technology, telecommunications, utilities and others. The firm's alternative investment fund manager is abrdn Fund Managers Limited.

Key Statistics of Shires Income PLC (SHRS.L)

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

Today's Range

GBX302.00GBX302.00

Today's Open

GBX302.09

Volume

P/E Ratio (TTM)

12.46

52 Week Range

GBX210.00GBX333.00

Market Cap

12.81B

Avg. Volume

6.00

Dividend Yield

2,244.32%

Financial Metrics & Statements of Shires Income PLC (SHRS.L)

FAQ's for Shires Income PLC (SHRS.L)

According to Musaffa’s Shariah screening methodology, Shires Income PLC (SHRS.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.