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Halal stocks: Portugal

Halal Bourse has analyzed 3 companies in this country, based on their latest annual report.

• 0 permitted (0%): under the median view thresholds, with purification.
• 1 questionable (33.3%): admitted by a more lenient view only, or one criterion remains to be verified.
• 2 prohibited (66.7%): impermissible activity, or thresholds exceeded under all standards.

European reports carry no sector code: the business activity is classified automatically from the “nature of activities” note in the annual report when it exists, without human review. Without this note, the activity remains to be verified and the company cannot come out “Permitted”: the share of green stays low for this country, and says nothing about its companies.

The companies

• BANCO COMERCIAL PORTUGUÊS S.A. Prohibited
• EDP, S.A. Prohibited
• THE NAVIGATOR COMPANY, S.A. Questionable

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology