Is Argo Blockchain Plc (ARBK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 22.0% | |
| Operating Margin | -89.6% | |
| Net Margin | -106.8% | |
| Return on Assets (ROA) | -36.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$45M |
| Free Cash Flow | -$45M |
| Total Debt | $40M |
| Current Ratio | 0.7 |
| Total Assets | $19M |
Price & Trading
| Last Close | $3.00 |
| 50-Day MA | $3.30 |
| 200-Day MA | $47.03 |
| Avg Volume | 51K |
| Beta | 2.0 |
|
52-Week Range
$2.63
| |
About Argo Blockchain Plc (ARBK)
Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining activities. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is based in London, the United Kingdom.
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Frequently Asked Questions
Is Argo Blockchain Plc (ARBK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Argo Blockchain Plc 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 Argo Blockchain Plc's debt ratio?
Argo Blockchain Plc's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Argo Blockchain Plc's key financial metrics?
Argo Blockchain Plc has a market capitalization of $1M, and revenue of $49M. The company maintains a gross margin of 22.0% and a net margin of -106.8%.
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.