Is Awale Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Awale Resources Ltd (ARIC.V) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Awale Resources Ltd 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 Awale Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Awale Resources Ltd?

Muslim investors may consider investing in Awale Resources Ltd 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 Awale Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Awale Resources Ltd 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 Awale Resources Ltd updated?

The Shariah compliance status of Awale Resources Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Awale Resources Ltd 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 Awale Resources Ltd?

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

ARIC.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 02, 2026

Report Source: 2025 3rd Quarter Report

Awale Resources Ltd. Stock Analysis ARIC.V

Canada Materials Micro Cap Report: Q3, 2025

Awale Resources Ltd. engages in the business of gold exploration. The company is headquartered in Toronto, Ontario. The company went IPO on 2016-04-14. The firm undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Company’s portfolio includes the Odienne Project in north-west Cote d’Ivoire. Odienne Project lies in the northwest Denguele Region of Cote d’Ivoire, approximately 600 kilometers northwest of the commercial capital, Abidjan, and approximately 400 kilometers northwest of the capital, Yamoussoukro. The project covers approximately 2,346 square kilometers in seven permits - the granted Odienne East, Odienne West, Sienso, Sama, and Seydou permits and two permits under application. Its mineralization targets include the Sceptre, Charger, Lando, Belt Basin Margin (BBM), Empire, and Fremen. Sceptre is a five-km-long high-tenor copper-gold (Cu-Au) Iron Oxide Copper Gold (IOCG) geochemical target which has copper-gold, molybdenum, and silver intercepts.

Key Statistics of Awale Resources Ltd (ARIC.V)

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

Today's Range

CAD0.85CAD0.89

Today's Open

CAD0.86

Volume

28.52K

P/E Ratio (TTM)

52 Week Range

CAD0.43CAD1.18

Market Cap

87.08M

Avg. Volume

119.51K

Dividend Yield

Financial Metrics & Statements of Awale Resources Ltd (ARIC.V)

FAQ's for Awale Resources Ltd (ARIC.V)

According to Musaffa’s Shariah screening methodology, Awale Resources Ltd (ARIC.V) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.