Is Altius Renewable Royalties Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Altius Renewable Royalties Corp (ARR.TO) is currently classified as NOT HALAL as of January 2025. 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 Altius Renewable Royalties Corp 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 Altius Renewable Royalties Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Altius Renewable Royalties Corp?

Muslim investors may consider investing in Altius Renewable Royalties Corp 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 Altius Renewable Royalties Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Altius Renewable Royalties Corp 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 Altius Renewable Royalties Corp updated?

The Shariah compliance status of Altius Renewable Royalties Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Altius Renewable Royalties Corp 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 Altius Renewable Royalties Corp?

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

ARR.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 17, 2025

Report Source: 2024 3rd Quarter Report

Analyst's Ratings for Altius Renewable Royalties Corp (ARR.TO)

Based on 9 analysts giving stock ratings to Altius Renewable Royalties Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Altius Renewable Royalties Corp. Stock Analysis ARR.TO

Canada Utilities Small Cap Report: Q3, 2024

Altius Renewable Royalties Corp. engages in the acquisition and management of renewable energy investments and royalties directly from project originators, developers, operators, and third-party holders of existing royalties. The company is headquartered in St. Johns, Newfoundland And Labrador. The firm is engaged in providing long-term, royalty level investment capital to renewable power developers, operators, and originators. The company has 35 renewable energy royalties representing approximately 2.6 gigawatts (GW) of renewable power on operating projects and an additional approximate 5.6 GW on projects in development phase, across several regional power pools in the United States. The firm holds interests in a portfolio of 2,068 megawatts of operational wind, solar, and hydro-electric projects located in Texas, Kansas, California and Vermont. In addition, the Company holds investments in renewable project developers that entitle it to additional royalty interest grants upon project sales to third parties. The company also includes royalties from GBR's investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy. Its royalties include Prospero 2, Old Settler, Cotton Plains, Phantom and others.

Key Statistics of Altius Renewable Royalties Corp (ARR.TO)

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

Today's Range

$11.99$12.00

Today's Open

$12.00

Volume

717.00

P/E Ratio (TTM)

52 Week Range

$6.60$9.92

Market Cap

370.53M

Avg. Volume

5155.86

Dividend Yield

Financial Metrics & Statements of Altius Renewable Royalties Corp (ARR.TO)

FAQ's for Altius Renewable Royalties Corp (ARR.TO)

According to Musaffa’s Shariah screening methodology, Altius Renewable Royalties Corp (ARR.TO) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.