Is Sound Point Meridian Capital, Inc. (SPMA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| 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 | 70.4% | |
| Net Margin | 7.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$106M |
| Free Cash Flow | -$106M |
| Debt-to-Equity | 63.0 |
| Current Ratio | 0.0 |
| Total Assets | $303M |
Price & Trading
| Last Close | $24.90 |
| 50-Day MA | $25.12 |
| 200-Day MA | $25.12 |
| Avg Volume | 5K |
|
52-Week Range
$23.68
| |
About Sound Point Meridian Capital, Inc. (SPMA)
Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York.
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Frequently Asked Questions
Is Sound Point Meridian Capital, Inc. (SPMA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Sound Point Meridian Capital, 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 Sound Point Meridian Capital, Inc.'s debt ratio?
Sound Point Meridian Capital, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Sound Point Meridian Capital, Inc.'s key financial metrics?
Sound Point Meridian Capital, Inc. has a market capitalization of N/A, and revenue of $64M. The company maintains a gross margin of 100.0% and a net margin of 7.7%.
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.