Snowflake Inc.

SNOW stock is not Shariah-compliant

مدعوم بواسطة Zoya API

About Snowflake Inc. (SNOW)

Snowflake Inc. is a cloud-based data platform company that provides a service called Data Cloud, which allows customers to consolidate data into a single source for gaining business insights, building data-driven applications, and sharing data. The company, formerly known as Snowflake Computing, Inc., was founded in 2012 and is headquartered in Bozeman, Montana, serving organizations of various sizes across multiple industries.

الأسئلة المتداولة

Is Snowflake Inc. (SNOW) stock halal to invest in?
As of Sep 30, 2024, Snowflake Inc. (SNOW) stock is not Shariah-compliant based on its business activities and financial ratios.
As of Sep 30, 2024, Snowflake Inc. (SNOW) stock is flagged as not Shariah-compliant in terms of Shariah compliance. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Snowflake Inc.'s business that require careful consideration.
Does Snowflake Inc. have any interest income?
Yes, Snowflake Inc. does have interest income. According to the company's latest annual report for the fiscal year ending Jan 31, 2024, Snowflake Inc. reported revenue of 2806489000 and interest income of 200663000. The interest income represents 6.67% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Snowflake Inc. has not reported any interest income. According to the company's latest annual report for the fiscal year ending Jan 31, 2024, Snowflake Inc. reported total revenue of 2806489000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Snowflake Inc. stock is Shariah-compliant?
نحن نستخدم المبادئ التوجيهية التي وضعتها هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (AAOIFI) لتقييم الامتثال للشريعة الإسلامية. هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية هي منظمة دولية رائدة تضع معايير التمويل الإسلامي. تساعد إرشاداتها في تحديد ما إذا كانت الأنشطة التجارية للشركة و والهيكل المالي يتماشى مع المبادئ الإسلامية. وتحظى هذه المعايير باحترام واسع النطاق في وتوفر إطارًا متسقًا لتقييم مدى توافق الأسهم والأدوات المالية الأخرى مع الشريعة الإسلامية. والأدوات المالية الأخرى. وتضم الهيئة الشرعية لهيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية علماء مشهورين مثل الشيخ محمد تقي عثماني، والشيخ عبد الستار أبو غدة، والشيخ عبد الله المانع.
How often is Snowflake Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of Snowflake Inc. stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Snowflake Inc.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of SNOW, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Snowflake Inc. stock considered halal?
Yes, dividends from SNOW are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Snowflake Inc. (SNOW), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from SNOW are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Snowflake Inc. shares?
If you hold Snowflake Inc. stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Snowflake Inc. (SNOW) stock on Zoya

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  3. حدد المبلغ الذي تريد استثماره
    انتقل إلى شاشة البحث واكتب اسم السهم في شريط البحث. بعد ذلك، انقر على زر الشراء وأدخل المبلغ الذي ترغب في استثماره، سواء بالدولار أو عدد الأسهم. راجع سعر السهم في الوقت الحقيقي وكمية الأسهم المقدرة قبل تأكيد استثمارك.
  4. قم بإدارة محفظتك في مكان واحد
    يمكنك العثور على الأسهم التي اشتريتها حديثًا في محفظة Zoya الخاصة بك إلى جانب بقية ممتلكاتك. قم بتمكين التنبيهات للحصول على إشعارات بأي تغييرات في امتثال محفظتك للشريعة الإسلامية.

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