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Fri, January 24, 2025
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Thu, January 23, 2025
[ Thu, Jan 23rd ] - MSN
Avidity Biosciences CFO sells $93,985 in stock
[ Thu, Jan 23rd ] - MSN
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[ Thu, Jan 23rd ] - MSN
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[ Thu, Jan 23rd ] - MSN
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[ Thu, Jan 23rd ] - MSN
Is AbbVie Inc. (ABBV) the Best Halal Dividend Stock to Invest In Now?

Is AbbVie Inc. (ABBV) the Best Halal Dividend Stock to Invest In Now?


Published on 2025-01-23 16:21:38 - MSN
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  • We recently compiled a list of the 10 Best Halal Dividend Stocks To Invest In. In this article, we are going to take a look at where AbbVie Inc. (NYSE:ABBV) stands against the other halal dividend stocks.

The article from MSN Money discusses whether AbbVie Inc. (ABBV) is a suitable halal dividend stock for investment. AbbVie, a pharmaceutical company, has been highlighted for its strong dividend yield and consistent dividend growth, which are attractive to investors looking for income. However, the article delves into the considerations for Muslim investors who adhere to Shariah law, which prohibits investments in companies involved in activities like alcohol, tobacco, pork, and certain financial services. AbbVie's involvement in pharmaceuticals, particularly in treatments that might not align with halal principles due to their nature or the company's financial practices, is scrutinized. The piece examines AbbVie's financial ratios to determine if it falls within the permissible limits for Shariah-compliant investments, focusing on debt levels, interest-bearing securities, and the proportion of income from non-compliant activities. It concludes that while AbbVie offers a compelling dividend profile, potential investors should carefully consider its compliance with Islamic finance principles before investing.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/is-abbvie-inc-abbv-the-best-halal-dividend-stock-to-invest-in-now/ar-AA1xJV8L ]
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