Is Socfinaf SA halal to invest in?

According to Musaffa's Shariah screening methodology, Socfinaf SA (SOFAF.LU) is currently classified as NOT HALAL as of September 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 Socfinaf SA 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 Socfinaf SA using these criteria to determine its compliance status.

Can Muslims buy shares of Socfinaf SA?

Muslim investors may consider investing in Socfinaf SA 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 Socfinaf SA classified as NOT HALAL?

Musaffa determines the Shariah status of Socfinaf SA 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 Socfinaf SA updated?

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

Can a halal stock like Socfinaf SA 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 Socfinaf SA?

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

Socfinaf SA SOFAF.LU

€11.10

Last Updated: Jul 02, 12:00 AM·LSE

SOFAF.LU Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: September 27, 2024

Report Source: 2024 2nd Quarter Report

Socfinaf SA. Stock Analysis SOFAF.LU

United Kingdom Consumer Staples Small Cap Report: Q2, 2024

Socfinaf SA engages in portfolio management, which focuses on the activities of tropical palm oil and rubber trees plantations in Africa. The firm holds stakes in plantations in Liberia, Nigeria, Ivory Coast, Cameroon, Democratic Republic of Congo and Kenya, as well as in Indonesia and Cambodia. The firm's two divisions are: Rubber tree activities and Palm tree activities. The firm has three wholly owned subsidiaries: Liberian Agricultural Company (LAC), which specializes in the production of rubber, Palmcam and Brabanta, developers of oil palm plantations in Democratic Republic Congo. In addition, the Company holds majority stakes in Okomu and Salala, a Liberia-based company, Bereby-Finances (Befin) SA, a holding company in Ivory Coast and SAC from Sierra Leone. Socfinaf is controlled by SOCFIN, formerly known as Socfinal. In November 2013, it acquired an 88% stake in Agripalma.

Key Statistics of Socfinaf SA (SOFAF.LU)

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

Today's Range

€11.10€11.10

Today's Open

€11.10

Volume

206.00

P/E Ratio (TTM)

52 Week Range

€10.00€13.50

Market Cap

339.23M

Avg. Volume

Dividend Yield

Financial Metrics & Statements of Socfinaf SA (SOFAF.LU)

FAQ's for Socfinaf SA (SOFAF.LU)

According to Musaffa’s Shariah screening methodology, Socfinaf SA (SOFAF.LU) is currently classified as NOT HALAL as of September 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.