Is Foran Mining Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Foran Mining Corp (FOM.TO) is currently classified as NOT HALAL as of March 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 Foran Mining 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 Foran Mining Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Foran Mining Corp?

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

Musaffa determines the Shariah status of Foran Mining 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 Foran Mining Corp updated?

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

Can a halal stock like Foran Mining 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 Foran Mining Corp?

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

FOM.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 30, 2026

Report Source: 2025 Annual Report

Foran Mining Corp. Stock Analysis FOM.TO

Canada Materials Mid Cap Report: 2025 Annual

Foran Mining Corp. engages in the provision of acquisition, exploration, and development of mineral resource properties. The company is headquartered in Vancouver, British Columbia and currently employs 292 full-time employees. The Company’s McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development activities of the Company, and hosts the McIlvenna Bay Deposit and Tesla Zone. The firm also owns the Bigstone Deposit, a resource-development stage deposit located 25 kilometers (km) southwest of the McIlvenna Bay Property. The company holds a total of 111 mineral claims and one mineral lease, covering approximately 136,124 hectares (ha), which are part of the McIlvenna Bay Project. The company holds an option to acquire the Denare West property, consisting of 10 mineral claims covering approximately 21,066 ha. The company also holds an option to acquire the Hanson Lake Property, consisting of a single claim located approximately five km northwest of the McIlvenna Bay Deposit and covering over 4,510 ha.

Key Statistics of Foran Mining Corp (FOM.TO)

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

Today's Range

CAD5.31CAD5.73

Today's Open

CAD5.66

Volume

10.27M

P/E Ratio (TTM)

52 Week Range

CAD2.47CAD7.39

Market Cap

3.07B

Avg. Volume