Is EUROPEAN EQUITY FUND, INC / MD (EEA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 10.0% | |
| Net Margin | 773.2% | |
| Return on Equity (ROE) | 24.9% | |
| Return on Assets (ROA) | 1.0% |
Cash Flow & Balance Sheet
| Current Ratio | 0.1 |
| Total Assets | $68M |
Price & Trading
| Last Close | $9.75 |
| 50-Day MA | $10.63 |
| 200-Day MA | $10.58 |
| Avg Volume | 36K |
| Beta | 1.0 |
|
52-Week Range
$8.11
| |
About EUROPEAN EQUITY FUND, INC / MD (EEA)
The European Equity Fund, Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in equity or equity-linked securities of companies. The fund seeks to benchmark the performance of its portfolio against the MSCI-EMU Index. It was formerly known as Germany Fund Inc. The European Equity Fund, Inc. was formed on July 23, 1986 and is domiciled in the United States.
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Frequently Asked Questions
Is EUROPEAN EQUITY FUND, INC / MD (EEA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), EUROPEAN EQUITY FUND, INC / MD 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 EUROPEAN EQUITY FUND, INC / MD's debt ratio?
EUROPEAN EQUITY FUND, INC / MD's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are EUROPEAN EQUITY FUND, INC / MD's key financial metrics?
EUROPEAN EQUITY FUND, INC / MD has a market capitalization of $65M, trailing P/E ratio of 3.6, and revenue of -$1M. The company maintains a gross margin of 100.0% and a net margin of 773.2%. Return on equity stands at 24.9%.
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.