Edible Garden AG Incorporated (EDBL) - Halal (Shariah-Compliant)
Edible Garden AG Incorporated (EDBL) is classified as Halal (Shariah-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
- Farm Products
- Result
- Pass
- Reason
- The sector "Consumer Defensive" and industry "Farm Products" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 2.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.1% | Threshold: 30% | Result: Pass
- 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 Edible Garden AG Incorporated
Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.
Frequently Asked Questions
Is Edible Garden AG Incorporated (EDBL) stock halal to invest in?
According to AAOIFI Shariah screening standards, Edible Garden AG Incorporated (EDBL) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Edible Garden AG Incorporated have any interest income?
Edible Garden AG Incorporated's interest income ratio is 0.1% of total revenue. AAOIFI standards require this to be below 30%.

