Is Top Shelf International Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Top Shelf International Holdings Ltd (TSI.AX) is currently classified as NOT HALAL as of February 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 Top Shelf International Holdings Ltd 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 Top Shelf International Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Top Shelf International Holdings Ltd?

Muslim investors may consider investing in Top Shelf International Holdings Ltd 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 Top Shelf International Holdings Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Top Shelf International Holdings Ltd 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 Top Shelf International Holdings Ltd updated?

The Shariah compliance status of Top Shelf International Holdings Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Top Shelf International Holdings Ltd 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 Top Shelf International Holdings Ltd?

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

TSI.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 14, 2024

Report Source: 2023 Annual Report

Top Shelf International Holdings Ltd. Stock Analysis TSI.AX

Australia Consumer Staples Nano Cap Report: 2023 Annual

Top Shelf International Holdings Ltd. engages in manufacturing and distributes non-alcoholic and alcoholic beverages. The firm provides branded beverages and contract packing services to third-party beverage manufacturers. Its whiskey maturation and warehouse facility is located in Somerton, Victoria. The firm is creating an agave spirit range from its Agave farm and distillery operation in the Whitsundays region of Queensland, Australia. This location has been chosen for its climatic suitability for growing tequilana blue agave. The farm is being developed using up-to-date agronomy and horticultural practices.

Key Statistics of Top Shelf International Holdings Ltd (TSI.AX)

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

Today's Range

AUD0.04AUD0.04

Today's Open

AUD0.04

Volume

25.03K

P/E Ratio (TTM)

52 Week Range

AUD0.15AUD1.41

Market Cap

13.00M

Avg. Volume

88.24K

Dividend Yield

Financial Metrics & Statements of Top Shelf International Holdings Ltd (TSI.AX)

FAQ's for Top Shelf International Holdings Ltd (TSI.AX)

According to Musaffa’s Shariah screening methodology, Top Shelf International Holdings Ltd (TSI.AX) is currently classified as NOT HALAL as of February 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.