Is Elite Pharmaceuticals Inc halal to invest in?

As of July 2026, Elite Pharmaceuticals Inc ELTP is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Elite Pharmaceuticals Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Elite Pharmaceuticals Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Elite Pharmaceuticals Inc?

Muslim investors may consider investing in Elite Pharmaceuticals Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Elite Pharmaceuticals Inc classified as HALAL?

Musaffa determines the Shariah status of Elite Pharmaceuticals Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Elite Pharmaceuticals Inc updated?

The Shariah compliance status of Elite Pharmaceuticals Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Elite Pharmaceuticals Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Elite Pharmaceuticals Inc?

You can check the latest Shariah compliance status of Elite Pharmaceuticals Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

ELTP Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Elite Pharmaceuticals Inc is classified as halal.

HALAL

Report Source: 2026 1st Quarter Report

Elite Pharmaceuticals Inc. Stock Analysis ELTP

United States Health Care Small Cap Report: Q1, 2026

Elite Pharmaceuticals, Inc. engages in the provision of development and manufacture of pharmacological abuse-deterrent opioid products. The company is headquartered in Northvale, New Jersey and currently employs 68 full-time employees. The company went IPO on 2014-02-20. The firm specializes in developing and manufacturing oral, controlled-release drug products. The company owns multiple generic products which has been licensed to Prasco, LLC and TAGI Pharma. The Company’s segments include Abbreviated New Drug Applications (ANDA) and New Drug Application (NDA). The Company’s products include Phentermine HCl 37.5mg tablets, Loxapine Succinate 5mg, 10mg, 25mg and 50gm capsules, Phentermine HCl 15mg and 30mg capsules, Naltrexone HCl 50mg tablets, Dantrolene Sodium Capsules 25mg, 50mg and 100mg, Dextroamphetamine Saccharate, Amphetamine Aspartate, Dextroamphetamine Sulfate, Amphetamine Sulfate Immediate Release 5mg, 7.5mg, 10mg, 12.5mg, 15mg, 20mg and 30mg tablets, Dextroamphetamine Saccharate, Amphetamine Aspartate, Dextroamphetamine Sulfate, Amphetamine Sulfate Extended Release 5mg, 10mg, 15mg, 20mg, 25mg, and 30mg capsules and others.

Key Statistics of Elite Pharmaceuticals Inc (ELTP)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.35$0.39

Today's Open

$0.39

Volume

606.65K

P/E Ratio (TTM)

9.24

52 Week Range

$0.33$0.74

Market Cap

397.49M

Avg. Volume

706.19K

Dividend Yield

Financial Metrics & Statements of Elite Pharmaceuticals Inc (ELTP)

Super Investors Invested in Elite Pharmaceuticals Inc (ELTP)

FAQ's for Elite Pharmaceuticals Inc (ELTP)

As of July 2026, Elite Pharmaceuticals Inc ELTP is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Elite Pharmaceuticals Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Elite Pharmaceuticals Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Elite Pharmaceuticals Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Elite Pharmaceuticals Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Elite Pharmaceuticals Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.