Is AppSwarm Corp halal to invest in?

According to Musaffa's Shariah screening methodology, AppSwarm Corp (SWRM) is currently classified as NOT HALAL as of August 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 AppSwarm 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 AppSwarm Corp using these criteria to determine its compliance status.

Can Muslims buy shares of AppSwarm Corp?

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

Musaffa determines the Shariah status of AppSwarm 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 AppSwarm Corp updated?

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

Can a halal stock like AppSwarm 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 AppSwarm Corp?

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

SWRM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 15, 2024

Report Source: 2024 2nd Quarter Report

AppSwarm Corp. Stock Analysis SWRM

United States Information Technology Nano Cap Report: Q2, 2024

AppSwarm, Inc. engages in the provision of application incubation, which offers end-to-end services for mobile application development across all major platforms including iPhone, RIM's Blackberry, Google's Android and Microsoft's Windows mobile. The company is headquartered in Tulsa, Oklahoma. The company went IPO on 2000-06-13. The firm partners with and assists other firms in technology development and business management. The company is focused on providing applications in the health and wellness, lifestyle, games, ride sharing, delivery and fleet management sectors. Its Health Note Calmi app is an advanced artificial intelligence (AI)-powered health and wellness platform engineered to mitigate stress, optimize sleep quality, and enhance cardiovascular health. The company also offers AskOptima, which is an AI-powered search engine platform that leverages the latest advancements in artificial intelligence. Its Media Play App Development division focuses on the development and publishing of mobile-app products in gaming and entertainment, along with supporting incubation of app development as well as in-house project development. The Company’s subsidiary is Swarm USA Inc. (Wyoming).

Key Statistics of AppSwarm Corp (SWRM)

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

Today's Range

$0.00$0.00

Today's Open

$0.00

Volume

1.26M

P/E Ratio (TTM)

52 Week Range

$0.00$0.00

Market Cap

499.75K

Avg. Volume

4.07M

Dividend Yield

Financial Metrics & Statements of AppSwarm Corp (SWRM)

FAQ's for AppSwarm Corp (SWRM)

According to Musaffa’s Shariah screening methodology, AppSwarm Corp (SWRM) is currently classified as NOT HALAL as of August 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.