Is Centamin PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Centamin PLC (CEY.L) is currently classified as DOUBTFUL as of October 2024. 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 Centamin PLC 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 Centamin PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Centamin PLC?

Muslim investors may consider investing in Centamin PLC 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 Centamin PLC classified as DOUBTFUL?

Musaffa determines the Shariah status of Centamin PLC 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 Centamin PLC updated?

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

Can a halal stock like Centamin PLC 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 Centamin PLC?

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

Centamin PLC CEY.L

$146.00

Last Updated: Nov 22, 12:00 AM·LSE

CEY.L Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: October 16, 2024

Report Source: 2024 2nd Quarter Report

Centamin PLC. Stock Analysis CEY.L

United Kingdom Materials Small Cap Report: Q2, 2024

Centamin Plc engages in the exploration, development and mining of precious metals. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.

Key Statistics of Centamin PLC (CEY.L)

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

Today's Range

$146.00$146.00

Today's Open

$146.00

Volume

P/E Ratio (TTM)

18.69

52 Week Range

$77.25$127.60

Market Cap

1.72B

Avg. Volume

8.30M

Dividend Yield

2.68%

Financial Metrics & Statements of Centamin PLC (CEY.L)

FAQ's for Centamin PLC (CEY.L)

According to Musaffa’s Shariah screening methodology, Centamin PLC (CEY.L) is currently classified as DOUBTFUL as of October 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.