Is Woodbois Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Woodbois Ltd (WBI.L) is currently classified as HALAL as of October 2023. 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 Woodbois 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 Woodbois Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Woodbois Ltd?

Muslim investors may consider investing in Woodbois 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 Woodbois Ltd classified as HALAL?

Musaffa determines the Shariah status of Woodbois 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 Woodbois Ltd updated?

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

Can a halal stock like Woodbois 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 Woodbois Ltd?

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

Woodbois Ltd WBI.L

GBX0.03

Last Updated: Jul 01, 12:00 AM·LSE

WBI.L Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: October 20, 2023

Report Source: 2023 2nd Quarter Report

Woodbois Ltd. Stock Analysis WBI.L

United Kingdom Materials Nano Cap Report: Q2, 2023

Woodbois Ltd. engages in the manufacture and distribution of sustainable hardwoods and hardwood products. The principal activity of the Company is forestry, trading, and furthering the Company’s carbon solutions initiatives. The firm manages approximately 480,482 hectares of natural forest concessions, 324,005 hectares in Mozambique, and 156,477 hectares in Gabon. The Company’s divisions include Forestry, Trading, and Carbon solutions. Its products include Timber and Veneer. The firm produces, processes, and supplies approximately 50 species of African timber. The company manufactures and supplies wood veneer in Gabon and ship directly to the global customer base. The company offers wood veneer for sale in bulk, which is available in various sizes, with thicknesses ranging from approximately 0.5 millimeter (mm) to 10mm.

Key Statistics of Woodbois Ltd (WBI.L)

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

Today's Range

GBX0.03GBX0.03

Today's Open

GBX0.03

Volume

2.32M

P/E Ratio (TTM)

52 Week Range

GBX0.03GBX0.20

Market Cap

370.00M

Avg. Volume

Dividend Yield

Financial Metrics & Statements of Woodbois Ltd (WBI.L)

FAQ's for Woodbois Ltd (WBI.L)

According to Musaffa’s Shariah screening methodology, Woodbois Ltd (WBI.L) is currently classified as HALAL as of October 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.