Assalamualaikum,
I’ve been researching a stock that seems undervalued and about to rally. Unfortunately the debt to asset ratio has completely changed in the most recent quarter (went from 0% to ~50%). All previous quarterly and annual results are fine.
Based on my research, since the last quarterly earning report and now, they have driven their debt down to almost zero and have more asset and this will be confirmed when the Q3 earnings report comes out.
My question is, will it be Halal to invest before the next quarterly results come out?
Appreciate any insight or guidance towards this.
Jazakallahkahir