Is UniDevice AG halal to invest in?

According to Musaffa's Shariah screening methodology, UniDevice AG (UDC.HM) 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 UniDevice 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 UniDevice AG using these criteria to determine its compliance status.

Can Muslims buy shares of UniDevice AG?

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

Musaffa determines the Shariah status of UniDevice 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 UniDevice AG updated?

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

Can a halal stock like UniDevice 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 UniDevice AG?

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

UniDevice AG UDC.HM

€0.03 €0.02 (100.00%) 1D

Last Updated: May 15, 12:00 AM·HAM

UDC.HM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 09, 2024

Report Source: 2023 3rd Quarter Report

Analyst's Ratings for UniDevice AG (UDC.HM)

Based on 6 analysts giving stock ratings to UniDevice AG in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

UniDevice AG. Stock Analysis UDC.HM

Germany Industrials Nano Cap Report: Q3, 2023

UniDevice AG is a business-to-business brokerage company, which engages in the provision of electronic devices from the areas of entertainment and communication. The company is headquartered in Schoenefeld, Berlin and currently employs 25 full-time employees. The company went IPO on 2020-12-04. Its product offering includes mobile phones and tablets. The firm is active worldwide.

Key Statistics of UniDevice AG (UDC.HM)

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

Today's Range

€0.02€0.03

Today's Open

€0.02

Volume

6000.00

P/E Ratio (TTM)

0.03

52 Week Range

€0.00€0.08

Market Cap

300.00K

Avg. Volume

5970.78

Dividend Yield

Financial Metrics & Statements of UniDevice AG (UDC.HM)

FAQ's for UniDevice AG (UDC.HM)

According to Musaffa’s Shariah screening methodology, UniDevice AG (UDC.HM) 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.