Is Ecolomondo Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Ecolomondo Corp (ECM.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 Ecolomondo 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 Ecolomondo Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Ecolomondo Corp?

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

Musaffa determines the Shariah status of Ecolomondo 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 Ecolomondo Corp updated?

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

Can a halal stock like Ecolomondo 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 Ecolomondo Corp?

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

ECM.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 08, 2025

Report Source: 2025 1st Quarter Report

Ecolomondo Corp. Stock Analysis ECM.V

Canada Industrials Nano Cap Report: Q1, 2025

Ecolomondo Corp. engages in the manufacture and sale of turnkey facilities. The company is headquartered in Saint-Laurent, Quebec. The company went IPO on 2016-05-17. The firm is focused on the development of its technology and the deployment of Thermal Decomposition technology (TDP) turnkey facilities. TDP recovers high-value re-usable commodities from scrap tire waste, notably Carbon Black refining (rCB), oil, syngas, fiber and steel. The company sells recovered products under brand names: Mondo Black, Mondo Light Oil, and Mondo Heavy Oil. The potential buyers for Mondo Black are rubber product manufacturers, tire manufacturers, pigment manufacturers, and others. Mondo Oil is sold to be converted into various chemicals, lubricants and polymers. Potential buyers for Mondo Oil are distributors, refiners and processors of oil-based products. Mondo Light Oil is used in the manufacturing of solvents, as a diluting agent, fuel, and others. The company operates its facilities through wholly owned or jointly owned companies.

Key Statistics of Ecolomondo Corp (ECM.V)

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

Today's Range

CAD0.14CAD0.14

Today's Open

CAD0.14

Volume

6000.00

P/E Ratio (TTM)

52 Week Range

CAD0.06CAD0.32

Market Cap

35.15M

Avg. Volume

20.15K

Dividend Yield

Financial Metrics & Statements of Ecolomondo Corp (ECM.V)

FAQ's for Ecolomondo Corp (ECM.V)

According to Musaffa’s Shariah screening methodology, Ecolomondo Corp (ECM.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.