Is First Hydrogen Corp halal to invest in?

According to Musaffa's Shariah screening methodology, First Hydrogen Corp (FHYD.V) is currently classified as NOT HALAL as of May 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 First Hydrogen 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 First Hydrogen Corp using these criteria to determine its compliance status.

Can Muslims buy shares of First Hydrogen Corp?

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

Musaffa determines the Shariah status of First Hydrogen 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 First Hydrogen Corp updated?

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

Can a halal stock like First Hydrogen 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 First Hydrogen Corp?

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

FHYD.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 01, 2025

Report Source: 2025 3rd Quarter Report

First Hydrogen Corp. Stock Analysis FHYD.V

Canada Industrials Nano Cap Report: Q3, 2025

First Hydrogen Corp. engages in zero-emission vehicles and supercritical carbon dioxide extractor systems. The firm has designed and built hydrogen-fuel-cell-powered light commercial vehicles (FCEVs). The FCEVs has a range of 630+ kilometers on a single refueling and are road-legal in the United Kingdom. The firm has launched its bespoke vehicle design phase, which develops its fleet of zero-emission vehicles. The company is also focused on developing a 35-megawatt (MW) green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec. The company is pursuing opportunities in green hydrogen production and distribution in the United Kingdom, the European Union and North America. The company offers vehicles in two categories: First Generation and Second Generation. Its First Generation (Gen I) vans are market-ready hydrogen fuel cell electric vehicles designed to meet the diverse needs of modern businesses.

Key Statistics of First Hydrogen Corp (FHYD.V)

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

Today's Range

CAD0.49CAD0.52

Today's Open

CAD0.49

Volume

97.57K

P/E Ratio (TTM)

52 Week Range

CAD0.33CAD1.35

Market Cap

40.05M

Avg. Volume

51.37K

Dividend Yield

Financial Metrics & Statements of First Hydrogen Corp (FHYD.V)

FAQ's for First Hydrogen Corp (FHYD.V)

According to Musaffa’s Shariah screening methodology, First Hydrogen Corp (FHYD.V) is currently classified as NOT HALAL as of May 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.