Covalon Technologies Ltd CVALF
$1.67 $0.04 (2.11%) 1D
Last Updated: Aug 21, 12:00 AM·OOTC
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CVALF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Covalon Technologies Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Covalon Technologies Ltd. Stock Analysis CVALF
United States Health Care Nano Cap Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of patent-protected medical products. The company is headquartered in Mississauga, Ontario. The company went IPO on 2004-09-03. The firm's solutions are designed for patients and made for care providers. The firm leverages its patented medical technology platforms and expertise in two ways: by developing products that are sold under Covalon's name, and by developing and commercializing medical products for other medical companies under development and license contracts. The firm has three proprietary platform technologies that have the potential to be developed into a number of medical devices and products: Collagen matrix, Antimicrobial silicone adhesive and Medical coatings. Its product type includes advanced wound care, antimicrobial dressings, collagen dressings, IV dressings, and perioperative dressings. Its brands include ColActive PLUS, CovaClear, CovaView, CovaWound, IV Clear, SurgiClear, and VALGuard.
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Financial Metrics & Statements of Covalon Technologies Ltd (CVALF)
FAQ's for Covalon Technologies Ltd (CVALF)
- As of August 2026, Covalon Technologies Ltd CVALF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Covalon Technologies Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Covalon Technologies 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.
- Musaffa determines the Shariah status of Covalon Technologies Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Covalon Technologies Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Covalon Technologies Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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