Is Forge Resources Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Forge Resources Corp (FRG.CN) is currently classified as NOT HALAL as of June 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 Forge Resources 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 Forge Resources Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Forge Resources Corp?

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

Musaffa determines the Shariah status of Forge Resources 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 Forge Resources Corp updated?

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

Can a halal stock like Forge Resources 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 Forge Resources Corp?

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

FRG.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 26, 2025

Report Source: 2025 2nd Quarter Report

Forge Resources Corp. Stock Analysis FRG.CN

Canada Materials Nano Cap Report: Q2, 2025

Forge Resources Corp. engages in the acquisition, exploration, and development of natural resources properties in Canada and Columbia. The company is headquartered in Richmond British Columbia, British Columbia. The company went IPO on 2018-07-18. The firm is engaged in the business of the exploration and development of natural resource properties in Canada and Colombia. The firm holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. La Estrella contains approximately eight known seams of metallurgical and thermal coal. Aion Mining controls the FLG-111 concession that covers approximately 548 hectares (Ha) in a region of historic and current coal mining. The firm also holds an option on the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 kilometers (kms) south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada. The Alotta property comprises 230 mineral claims covering a total of 4,723 hectares, situated in the Dawson Range gold belt in Yukon, Canada.

Key Statistics of Forge Resources Corp (FRG.CN)

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

Today's Range

CAD0.44CAD0.46

Today's Open

CAD0.46

Volume

146.51K

P/E Ratio (TTM)

52 Week Range

CAD0.42CAD0.83

Market Cap

42.84M

Avg. Volume

160.01K

Dividend Yield

Financial Metrics & Statements of Forge Resources Corp (FRG.CN)

FAQ's for Forge Resources Corp (FRG.CN)

According to Musaffa’s Shariah screening methodology, Forge Resources Corp (FRG.CN) is currently classified as NOT HALAL as of June 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.