Is Synlab AG halal to invest in?

According to Musaffa's Shariah screening methodology, Synlab AG (SYAB.HM) is currently classified as NOT HALAL as of June 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 Synlab AG 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 Synlab AG using these criteria to determine its compliance status.

Can Muslims buy shares of Synlab AG?

Muslim investors may consider investing in Synlab AG 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 Synlab AG classified as NOT HALAL?

Musaffa determines the Shariah status of Synlab AG 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 Synlab AG updated?

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

Can a halal stock like Synlab AG 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 Synlab AG?

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

Synlab AG SYAB.HM

€12.71

Last Updated: Jun 30, 12:00 AM·HAM

SYAB.HM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 27, 2024

Report Source: 2024 1st Quarter Report

Synlab AG. Stock Analysis SYAB.HM

Germany Health Care Mid Cap Report: Q1, 2024

Synlab AG engages in the provision of clinical laboratory and medical diagnostic services. The company is headquartered in Muenchen, Bayern and currently employs 27,047 full-time employees. The company went IPO on 2021-04-30. The firm is engaged in laboratory services for human and veterinary medicine, as well as environmental analysis.

Key Statistics of Synlab AG (SYAB.HM)

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

Today's Range

€12.71€12.93

Today's Open

€12.71

Volume

25.00

P/E Ratio (TTM)

30.61

52 Week Range

€11.10€13.00

Market Cap

2.82B

Avg. Volume