Is Silvergate Capital Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Silvergate Capital Corp (SICPQ) is currently classified as NOT HALAL as of November 2022. 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 Silvergate Capital 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 Silvergate Capital Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Silvergate Capital Corp?

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

Musaffa determines the Shariah status of Silvergate Capital 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 Silvergate Capital Corp updated?

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

Can a halal stock like Silvergate Capital 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 Silvergate Capital Corp?

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

SICPQ Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 24, 2022

Report Source: 2022 3rd Quarter Report

Analyst's Ratings for Silvergate Capital Corp (SICPQ)

Based on 8 analysts giving stock ratings to Silvergate Capital Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Silvergate Capital Corp. Stock Analysis SICPQ

United States Financials Nano Cap Report: Q3, 2022

Silvergate Capital Corp. is a holding company, which engages in the provision of banking and loan services. The company is headquartered in La Jolla, California. The company went IPO on 2019-11-07. The firm is not engaged in any business activities.

Key Statistics of Silvergate Capital Corp (SICPQ)

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

Today's Range

$0.35$0.42

Today's Open

$0.35

Volume

2355.00

P/E Ratio (TTM)

52 Week Range

$0.05$0.75

Market Cap

7.32M

Avg. Volume

9602.09

Dividend Yield

Financial Metrics & Statements of Silvergate Capital Corp (SICPQ)

FAQ's for Silvergate Capital Corp (SICPQ)

According to Musaffa’s Shariah screening methodology, Silvergate Capital Corp (SICPQ) is currently classified as NOT HALAL as of November 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.