Beyond Meat, Inc. (BYND) - Not Halal (Non-Compliant)
Beyond Meat, Inc. (BYND) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Result
- Doubtful
- Reason
- This company requires further review: description contains keywords that may indicate non-permissible activities: pork; the industry "Packaged Foods" has mixed revenue streams that require further analysis. The sector "Consumer Defensive" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 97.3% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 40.5% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Beyond Meat, Inc.
Beyond Meat, Inc., a plant-based meat company, engages in the development, manufacture, marketing, and sale of plant-based meat products under the Beyond brand name in the United States and internationally. The company sells a range of plant-based meat products that replicates beef, pork, and poultry meats. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was incorporated in 2008 and is headquartered in El Segundo, California.
Frequently Asked Questions
Is Beyond Meat, Inc. (BYND) stock halal to invest in?
According to AAOIFI Shariah screening standards, Beyond Meat, Inc. (BYND) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.