Is ASEC Co for Mining SAE halal to invest in?

According to Musaffa's Shariah screening methodology, ASEC Co for Mining SAE (ASCM.CA) 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 ASEC Co for Mining SAE 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 ASEC Co for Mining SAE using these criteria to determine its compliance status.

Can Muslims buy shares of ASEC Co for Mining SAE?

Muslim investors may consider investing in ASEC Co for Mining SAE 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 ASEC Co for Mining SAE classified as NOT HALAL?

Musaffa determines the Shariah status of ASEC Co for Mining SAE 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 ASEC Co for Mining SAE updated?

The Shariah compliance status of ASEC Co for Mining SAE may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like ASEC Co for Mining SAE 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 ASEC Co for Mining SAE?

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

ASCM.CA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 10, 2026

Report Source: 2025 2nd Quarter Report

ASEC Co for Mining SAE. Stock Analysis ASCM.CA

Egypt Materials Nano Cap Report: Q2, 2025

ASEC Company for Mining SAE (ASCOM) SAE is an Egypt-based public shareholding company that operates primarily in the non-metal mining sector. The company is headquartered in Cairo, Cairo. The company went IPO on 2007-02-28. The firm is engaged in geological exploration, mining and quarrying of raw materials, serving the cement industry, developing mining operations for building materials and precious metals, and manufacturing operations for ground calcium carbonate and rock & glass wool. The Company’s products include Ground calcium carbonate, Glass Sand, Gravel for Aggregates and Gypsum. The firm offers services, such as geological investigations, geotechnical investigations, geophysical studies, survey works, drilling works, mining planning, quarries management, supply of raw materials and blasting services. ASCOM has operating subsidiaries in Egypt, United Arab of Emirates, Syria, Sudan, Algeria and Ethiopia. The Company’s subsidiaries include, among others, ASCOM Carbonated & Chemical Manufacturing, ASCOM Algeria and Nebta for Geology and Mining.

Key Statistics of ASEC Co for Mining SAE (ASCM.CA)

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

Today's Range

EGP49.61EGP50.98

Today's Open

EGP50.20

Volume

1.46M

P/E Ratio (TTM)

52 Week Range

EGP28.15EGP53.85

Market Cap

2.50B

Avg. Volume

962.54K

Dividend Yield

Financial Metrics & Statements of ASEC Co for Mining SAE (ASCM.CA)

FAQ's for ASEC Co for Mining SAE (ASCM.CA)

According to Musaffa’s Shariah screening methodology, ASEC Co for Mining SAE (ASCM.CA) 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.