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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
IG

IGV.MI

$1.81
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-28
HTR non-permissible income 0.93%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

I Grandi Viaggi S.p.A. (IGV.MI) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-28). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen, and this verdict does not rest on them. Our business-activity screen classifies I Grandi Viaggi S.p.A. under gambling, which is an excluded sector — so the verdict is non-compliant even though some ratios below pass. Business activity is a hard gate that ratio math never captures.

Market & analysts
Price target
$2.30
+27.1% · 1 analysts
Institutional own.
0.0%
of shares
NON-COMPLIANT
Sharia compliance
0.93%
Non-permissible income — HTR, from filings (2025-10-31)
$2.30
Price target (+27.1%) · 1 analysts
0.0%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-10-31. IGV.MI files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: gambling

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 6.38% 30.00% Pass
Interest-bearing investments 24.22% 30.00% Pass
Non-permissible income 0.93% 5.00% Pass

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 5.26% 33.00% Pass
Interest-bearing investments 19.97% 33.00% Pass
Non-liquid assets 78.50% at least 20.00% Pass
Non-permissible income 0.93% 5.00% Pass

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 5.26% 33.33% Pass
Cash + interest-bearing securities 19.97% 33.33% Pass
Accounts receivable 21.50% 33.33% Pass
Non-permissible income 0.93% 5.00% Pass

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 5.26% 33.33% Pass
Cash + interest-bearing securities 19.97% 33.33% Pass
Accounts receivable 21.50% 50.00% Pass
Non-permissible income 0.93% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 6.05% 33.00% Pass
Cash + interest-bearing securities 22.98% 33.00% Pass
Accounts receivable 1.76% 33.00% Pass
Non-permissible income 0.93% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 7.48% 33.00% Pass
Cash + interest-bearing securities 28.40% 49.00% Pass
Accounts receivable 2.18% 49.00% Pass
Non-permissible income 0.93% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 7.48% 33.33% Pass
Cash + interest-bearing securities 28.40% 33.33% Pass
Accounts receivable 30.58% 49.00% Pass
Non-permissible income 0.93% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

2.822.562.312.051.802025-09-112026-03-132026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
1.64
S2
1.68
S1
1.74
PIVOT
1.78
R1
1.84
R2
1.88
R3
1.94

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
1.66568 1.87432
±5.89% from 1.77, made 2026-09-10 · resolves 2026-09-17
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 22052 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG SELL
19 indicators
OscillatorsSTRONG SELL
1 buy · 4 neutral · 2 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 12 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)40.90NEUTRAL
Stochastic %K (14)58.82NEUTRAL
CCI (20)-45.92NEUTRAL
Williams %R (14)-41.18NEUTRAL
MACD (12,26,9)0.01BUY
ROC (10)-0.55SELL
Momentum (10)-0.01SELL
EMA (10)1.82SELL
SMA (10)1.82SELL
EMA (20)1.84SELL
SMA (20)1.83SELL
EMA (30)1.87SELL
SMA (30)1.86SELL
EMA (50)1.93SELL
SMA (50)1.93SELL
EMA (100)2.04SELL
SMA (100)2.09SELL
EMA (200)2.15SELL
SMA (200)2.22SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About I Grandi Viaggi S.p.A.

Consumer Cyclical · Resorts & Casinos

I Grandi Viaggi S.p.A. engages in the travel and tourism business in Italy, Europe, and internationally. The company manages owned hotels; markets stay at third-party hotel facilities; and operates and organizes tours and cruises. I Grandi Viaggi S.p.A. was founded in 1931 and is headquartered in Milan, Italy. I Grandi Viaggi S.p.A. operates as a subsidiary of Monforte & C. S.R.L.

igrandiviaggi.it ↗

Background via Yahoo Finance — informational, not part of the verdict.

🕌 In-house Ratio Research — filings.xbrl.org ESEF XBRL

Research only, not the primary verdict above — SEC EDGAR (the source for the main in-house research card, if shown) has no data for this symbol, so this is computed from a real, country-specific filing instead. Business-activity screening isn't part of this check.

AAOIFI Standard 21 (% of market cap) — Unverified
Debt ratio no data
Investments ratio 17.1% (< 30%)
Non permissible income ratio no data
Usmani (% of total assets) — Unverified
Debt ratio no data
Investments ratio 14.1% (< 33%)
Nonliquid assets ratio 85.9% (< 20%)
Non permissible income ratio no data
Net liquid assets -$0.0B (mkt cap $0.1B)

Based on the filing period ending 2024-10-31, figures in EUR.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.