Is ShoulderUP Technology Acquisition Corp halal to invest in?

According to Musaffa's Shariah screening methodology, ShoulderUP Technology Acquisition Corp (SUAC) 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 ShoulderUP Technology Acquisition 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 ShoulderUP Technology Acquisition Corp using these criteria to determine its compliance status.

Can Muslims buy shares of ShoulderUP Technology Acquisition Corp?

Muslim investors may consider investing in ShoulderUP Technology Acquisition 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 ShoulderUP Technology Acquisition Corp classified as NOT HALAL?

Musaffa determines the Shariah status of ShoulderUP Technology Acquisition 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 ShoulderUP Technology Acquisition Corp updated?

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

Can a halal stock like ShoulderUP Technology Acquisition 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 ShoulderUP Technology Acquisition Corp?

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

SUAC Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 14, 2025

Report Source: 2024 3rd Quarter Report

ShoulderUP Technology Acquisition Corp. Stock Analysis SUAC

United States N/A Micro Cap Report: Q3, 2024

ShoulderUp Technology Acquisition Corp. is a blank check company. The company is headquartered in Kennesaw, Georgia. The company went IPO on 2021-11-17. The firm is formed for the purpose of entering a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The firm has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. The firm intends to focus its efforts on identifying businesses in technology and cybersecurity. The firm has not commenced any operations nor generated any revenues.

Key Statistics of ShoulderUP Technology Acquisition Corp (SUAC)

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

Today's Range

$2.61$3.22

Today's Open

$2.64

Volume

109.47K

P/E Ratio (TTM)

86.36

52 Week Range

$2.45$75.00

Market Cap

209.87M

Avg. Volume

75.14K

Dividend Yield

Financial Metrics & Statements of ShoulderUP Technology Acquisition Corp (SUAC)

FAQ's for ShoulderUP Technology Acquisition Corp (SUAC)

According to Musaffa’s Shariah screening methodology, ShoulderUP Technology Acquisition Corp (SUAC) 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.