As of August 2026, SMX (Security Matters) PLC is classified as not halal.
NOT HALAL
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SMX (Security Matters) PLC. Stock Analysis SMX
United States Information Technology Nano Cap
SMX (Security Matters) Plc is a holding company, which engages in the provision of authentication solutions. The firm focuses on pioneering its technology in marking, tracking, measuring, and digital platform integration. Its solutions are designed to support businesses in their transition to a low-carbon economy, offering end-to-end traceability and assurance across various sectors. Its technology works as a track-and-trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles to track and trace different components along a production process (or any other marked along a supply chain) to the end producer. The firm provides a solution comprising a physical or chemical marker system coupled with a reader and connected to a blockchain digital platform. The Company’s solution offers applications across industries, such as process tracing, authentication, sustainability, and circular economics.
SMX (Security Matters) PLC (SMX) Chart
Financial Metrics & Statements of SMX (Security Matters) PLC (SMX)
FAQ's for SMX (Security Matters) PLC (SMX)
As of August 2026, SMX (Security Matters) PLC SMX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes SMX (Security Matters) PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in SMX (Security Matters) 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.
Musaffa determines the Shariah status of SMX (Security Matters) PLC 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 SMX (Security Matters) PLC 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 SMX (Security Matters) PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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