Is Spirits Capital Corp halal to invest in?

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

Can Muslims buy shares of Spirits Capital Corp?

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

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

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

Can a halal stock like Spirits 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 Spirits Capital Corp?

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

SSCC Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 24, 2024

Report Source: 2023 Annual Report

Spirits Capital Corp. Stock Analysis SSCC

United States Financials Micro Cap Report: 2023 Annual

Spirits Capital Corp. engages in the acquisition of maturing American Whiskey. The company is headquartered in Newport Beach, California. The Company’s subsidiary is Spirits Global, Inc., Distilled Barrels Financial Exchange, Inc., and Spirits Barrels, LLC. Spirits Barrels LLC, engages in the purchase and sale of American whiskey consisting of approximately 1300 barrels of American whiskey in production with a distillery. Spirits Global, Inc., owns approximately 2,145 barrels of American whiskey.

Key Statistics of Spirits Capital Corp (SSCC)

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

Today's Range

$2.22$2.22

Today's Open

$2.22

Volume

339.00

P/E Ratio (TTM)

52 Week Range

$2.22$2.22

Market Cap

260.14M

Avg. Volume