Is Black Iron Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Black Iron Inc (BKI.TO) is currently classified as NOT HALAL as of June 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 Black Iron Inc 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 Black Iron Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Black Iron Inc?

Muslim investors may consider investing in Black Iron Inc 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 Black Iron Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Black Iron Inc 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 Black Iron Inc updated?

The Shariah compliance status of Black Iron Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Black Iron Inc 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 Black Iron Inc?

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

BKI.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 30, 2025

Report Source: 2025 1st Quarter Report

Black Iron Inc. Stock Analysis BKI.TO

Canada Materials Nano Cap Report: Q1, 2025

Black Iron, Inc. engages in the exploration and development of iron ore. Its project includes Shymanivske, which is located in Ukraine. The company is headquartered in Toronto, Ontario. The company went IPO on 2011-03-29. The Shymanivske Project is located near the city of Kryvyi Rih, in the Dnepropetrovsk Region of Ukraine near two large producing iron ore mines. The Project is surrounded by five other operating mines, including Metinvest's YuGOK and ArcelorMittal's iron ore complex. The company holds an iron ore mining extraction permit over 2.56 square kilometers (km2) of land. Its subsidiary is Black Iron (Cyprus) Limited.

Key Statistics of Black Iron Inc (BKI.TO)

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

Today's Range

CAD0.11CAD0.12

Today's Open

CAD0.12

Volume

46.79K

P/E Ratio (TTM)

52 Week Range

CAD0.09CAD0.16

Market Cap

30.62M

Avg. Volume

237.81K

Dividend Yield

Financial Metrics & Statements of Black Iron Inc (BKI.TO)

FAQ's for Black Iron Inc (BKI.TO)

According to Musaffa’s Shariah screening methodology, Black Iron Inc (BKI.TO) is currently classified as NOT HALAL as of June 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.