Is SMX (Security Matters) Public Ltd Co (SMX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.3% / 30% | 3.3% / 30% | 2.6% / 30% | N/A | ✓ HALAL |
| DJIM | 8.3% / 33% | 3.3% / 33% | 2.6% / 33% | N/A | ✓ HALAL |
| MSCI | 13.7% / 33% | 5.4% / 33% | 4.3% / 33% | N/A | ✓ HALAL |
| S&P | 8.3% / 33% | 3.3% / 33% | 2.6% / 33% | N/A | ✓ HALAL |
| FTSE | 13.7% / 33% | 5.4% / 33% | 4.3% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -837.0% | |
| Return on Assets (ROA) | -204.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$11M |
| Free Cash Flow | -$12M |
| Total Debt | $6M |
| Debt-to-Equity | 47.5 |
| Current Ratio | 0.6 |
| Total Assets | $44M |
Price & Trading
| Last Close | $8.09 |
| 50-Day MA | $47.30 |
| 200-Day MA | $339.64 |
| Avg Volume | 535K |
| Beta | -2.8 |
|
52-Week Range
$5.10
| |
About SMX (Security Matters) Public Ltd Co (SMX)
SMX (Security Matters) Public Limited Company provides brand protection, authentication and track and trace technology for the anti-counterfeit market. Its proprietary marker system embeds a permanent or removable mark on solid, liquid, or gaseous objects or materials. The company's solutions include physical or chemical marker system coupled with a reader and connected to a blockchain digital platform for application in process tracing, authentication, and sustainability and circular economics industries. It serves brand owners, manufacturers, and suppliers. The company was formerly known as Empatan Public Limited Company and changed its name to SMX (Security Matters) Public Limited Company in February 2023. The company is based in Dublin, Ireland.
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Frequently Asked Questions
Is SMX (Security Matters) Public Ltd Co (SMX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SMX (Security Matters) Public Ltd Co is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SMX (Security Matters) Public Ltd Co's debt ratio?
SMX (Security Matters) Public Ltd Co's debt ratio is 8.3% 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 13.7%.
What are SMX (Security Matters) Public Ltd Co's key financial metrics?
SMX (Security Matters) Public Ltd Co has a market capitalization of $24M. Return on equity stands at -837.0%.
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.