Is Forward Water Technologies Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Forward Water Technologies Corp (FWTC.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 Forward Water Technologies 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 Forward Water Technologies Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Forward Water Technologies Corp?

Muslim investors may consider investing in Forward Water Technologies 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 Forward Water Technologies Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Forward Water Technologies 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 Forward Water Technologies Corp updated?

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

Can a halal stock like Forward Water Technologies 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 Forward Water Technologies Corp?

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

FWTC.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2025

Report Source: 2024 Annual Report

Forward Water Technologies Corp. Stock Analysis FWTC.V

Canada N/A Nano Cap Report: 2024 Annual

Forward Water Technologies Corp. provides wastewater treatment services. The company is headquartered in Sarnia, Ontario. The company went IPO on 2017-05-09. The firm's technology allows for the reduction of challenging waste streams and simultaneously returning fresh water for re-use or surface release. The company is focused on the implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, direct lithium extraction (DLE), mining, agriculture and municipal water supply and re-use market sectors. In addition, it has initiated early-stage research and development for the treatment of food and beverage process streams. The company has developed industrial FO (iFO) technology, utilizing their three-step process, namely water extraction process, water/salt separation, and salt draw reconcentration. Its services consist of lab and pilot plant services, operation services, and mobile FO services.

Key Statistics of Forward Water Technologies Corp (FWTC.V)

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

Today's Range

CAD0.05CAD0.05

Today's Open

CAD0.05

Volume

1307.00

P/E Ratio (TTM)

52 Week Range

CAD0.04CAD0.10

Market Cap

2.25M

Avg. Volume

9859.67

Dividend Yield

Financial Metrics & Statements of Forward Water Technologies Corp (FWTC.V)

FAQ's for Forward Water Technologies Corp (FWTC.V)

According to Musaffa’s Shariah screening methodology, Forward Water Technologies Corp (FWTC.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.