Is Cleghorn Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Cleghorn Minerals Ltd (CZZ.V) is currently classified as NOT HALAL as of July 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 Cleghorn Minerals Ltd 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 Cleghorn Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Cleghorn Minerals Ltd?

Muslim investors may consider investing in Cleghorn Minerals 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.

Why is Cleghorn Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Cleghorn Minerals Ltd 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 Cleghorn Minerals Ltd updated?

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

Can a halal stock like Cleghorn Minerals Ltd 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 Cleghorn Minerals Ltd?

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

CZZ.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 Annual Report

Cleghorn Minerals Ltd. Stock Analysis CZZ.V

Canada N/A Nano Cap Report: 2025 Annual

Cleghorn Minerals Ltd. is a junior mineral exploration company, which engages in exploration and evaluation of mineral resources. The company is headquartered in Val-D'Or, Quebec. The company went IPO on 2010-11-10. The firm is involved in the process of exploring, evaluating and promoting its mineral property. The company owns a 100% interest in the Meech Lake Matachewan Prospect situated in Argyle, Baden, McNeil and Robertson Townships. The property is located approximately 25 kilometers (km) northwest of Matachewan, in Northeastern Ontario, within the Abitibi Greenstone Belt. Its four original legacy claims were converted to 41 cells (36 single cells and 5 boundary cells), covering a total area of 833.6 hectares. The firm has identified and confirmed the presence of two separate mineralized systems on the property: Kell's nickel-copper-platinum group element (Ni-Cu-PGE) Showing (T-52) and the Waterhole gold-silver-zinc (Au-Ag-Zn) Showing (T-1).

Key Statistics of Cleghorn Minerals Ltd (CZZ.V)

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

Today's Range

CAD0.06CAD0.06

Today's Open

CAD0.06

Volume

58.00K

P/E Ratio (TTM)

52 Week Range

CAD0.04CAD0.12

Market Cap

2.13M

Avg. Volume

96.00K

Dividend Yield

Financial Metrics & Statements of Cleghorn Minerals Ltd (CZZ.V)

FAQ's for Cleghorn Minerals Ltd (CZZ.V)

According to Musaffa’s Shariah screening methodology, Cleghorn Minerals Ltd (CZZ.V) is currently classified as NOT HALAL as of July 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.