Is Oceanic Iron Ore Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Oceanic Iron Ore Corp (FEO.V) is currently classified as NOT HALAL as of February 2026. 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 Oceanic Iron Ore 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 Oceanic Iron Ore Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Oceanic Iron Ore Corp?

Muslim investors may consider investing in Oceanic Iron Ore 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 Oceanic Iron Ore Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Oceanic Iron Ore 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 Oceanic Iron Ore Corp updated?

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

Can a halal stock like Oceanic Iron Ore 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 Oceanic Iron Ore Corp?

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

FEO.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 03, 2026

Report Source: 2025 3rd Quarter Report

Oceanic Iron Ore Corp. Stock Analysis FEO.V

Canada Materials Micro Cap Report: Q3, 2025

Oceanic Iron Ore Corp. is an exploration stage company. The company is headquartered in Vancouver, British Columbia. The firm is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The firm is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake, and Roberts Lake, which are located over approximately 1,500 km along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The properties cover approximately 36,040 hectares and 862 mineral claims with iron ore formations and are located within 20 to 50 kilometers (km) of tidewater. Additionally, the Company has a 100% interest, subject to a 2% net smelter returns royalty (NSR) in the property.

Key Statistics of Oceanic Iron Ore Corp (FEO.V)

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

Today's Range

CAD0.75CAD0.80

Today's Open

CAD0.80

Volume

85.72K

P/E Ratio (TTM)

52 Week Range

CAD0.19CAD1.15

Market Cap

194.70M

Avg. Volume

77.65K

Dividend Yield

Financial Metrics & Statements of Oceanic Iron Ore Corp (FEO.V)

FAQ's for Oceanic Iron Ore Corp (FEO.V)

According to Musaffa’s Shariah screening methodology, Oceanic Iron Ore Corp (FEO.V) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.