Is Above Food Ingredients Inc. (ABVEW) Halal?
Shariah Screening — 5 Standards
Based on financial data from January 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 81.7% / 33% | 0.7% / 33% | 17.2% / 33% | 0.07% / 5% | ✗ NOT HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 81.7% / 33% | 0.7% / 33% | 17.2% / 50% | 0.07% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -2.8% | |
| Operating Margin | -23.3% | |
| Net Margin | -23.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $7M |
| Free Cash Flow | $3M |
| Total Debt | $118M |
| Current Ratio | 0.2 |
| Total Assets | $144M |
Price & Trading
| Last Close | $0.28 |
| Beta | 0.0 |
|
52-Week Range
$0.25
| |
About Above Food Ingredients Inc. (ABVEW)
Above Food Ingredients Inc., a regenerative ingredient company, produces vertically integrated supply chain products in Canada, the United States, Mexico, China, France, Turkey, and internationally. It operates through two segments: Disruptive Agriculture and Rudimentary Ingredients, and Consumer Packaged Goods. The Disruptive Agriculture and Rudimentary Ingredients segment engages in the provisioning of discrete genetics, origination, purchasing, grading, processing, and sale of regeneratively grown grain; and origination, purchase, and sale of bespoke ingredients products. The Consumer Packaged Goods segment formulates, manufactures, sells, distributes, and markets proprietary consumer product formulations in owned brands; and focuses on manufacturing and distribution for private-labeled retail owned brands. Above Food Ingredients Inc. is based in Regina, Canada.
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Frequently Asked Questions
Is Above Food Ingredients Inc. (ABVEW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Above Food Ingredients Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Above Food Ingredients Inc.'s debt ratio?
Above Food Ingredients Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 81.7%.
What are Above Food Ingredients Inc.'s key financial metrics?
Above Food Ingredients Inc. has a market capitalization of N/A, and revenue of $368M. The company maintains a gross margin of -2.8% and a net margin of -23.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.