Is Ceylon Graphite Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Ceylon Graphite Corp (CYL.V) is currently classified as NOT HALAL as of March 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 Ceylon Graphite 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 Ceylon Graphite Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Ceylon Graphite Corp?

Muslim investors may consider investing in Ceylon Graphite 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 Ceylon Graphite Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Ceylon Graphite 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 Ceylon Graphite Corp updated?

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

Can a halal stock like Ceylon Graphite 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 Ceylon Graphite Corp?

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

CYL.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 03, 2025

Report Source: 2024 3rd Quarter Report

Ceylon Graphite Corp. Stock Analysis CYL.V

Canada Materials Nano Cap Report: Q3, 2024

Ceylon Graphite Corp. operates as an exploration company. The company is headquartered in Vancouver, British Columbia. The firm holds a land package constituting approximately 121 square kilometers (km2) grids containing historic vein graphite deposits located in Sri Lanka. The firm's work sites include K1 Development, M1 Development, H1 Development and P1 Development. The K1 Development (Exploration License No. EL/222) is its first mining project and operates under the Sarcon Development legal umbrella. The M1 Development (Exploration License No. EL/361) is an active exploration site located in Malsiripura (near Kurunegella) and is operated under the Company's subsidiary JADS Enterprise (Private) Limited. The H1 Development (Exploration License No. EL/221) is located in Hakbewa. The site is over 50 acres and has a substantial surface graphite dump. The P1 Development is located in the Pasyala district.

Key Statistics of Ceylon Graphite Corp (CYL.V)

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

Today's Range

CAD0.02CAD0.03

Today's Open

CAD0.02

Volume

399.52K

P/E Ratio (TTM)

52 Week Range

CAD0.03CAD0.12

Market Cap

3.77M

Avg. Volume

94.29K

Dividend Yield

Financial Metrics & Statements of Ceylon Graphite Corp (CYL.V)

FAQ's for Ceylon Graphite Corp (CYL.V)

According to Musaffa’s Shariah screening methodology, Ceylon Graphite Corp (CYL.V) is currently classified as NOT HALAL as of March 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.