No. As of October 2026, Kendrick Resources PLC (KEN.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Kendrick Resources PLC does not pass Musaffa's business and financial screening criteria.
Kendrick Resources Plc is a mineral exploration and development company, which engages in mining exploration and development activities. The Company’s projects include Airijoki, Central Sweden Projects, Koitelainen vanadium projects, and Espedalen nickel copper project. The other projects are Sweden-the Njuggtraskliden and Mjovattnet exploration. The Airijoki Project lies within the Vittangi Greenstone Group of northern Sweden. The Koitelainen Vosa Project comprises a single granted exploration permit ML2018:0097 that covers an area of 13.72 square kilometers (km2). The Central Sweden Projects comprise three early-stage exploration projects at Sumassjon, Simesvallen and Kullberget. The Espedalen Project lies over 50 kilometers (km) north of Lillehammer and 170 km north of Oslo in southern central Norway. The Mjovattnet and Njuggtraskliden projects are situated south and west of Skelleftea in northern Sweden.
Kendrick Resources PLC KEN.L
GBX5.70 GBX0.30 (5.00%) 1D
Last Updated: Oct 13, 12:00 AM·LSE
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KEN.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Kendrick Resources PLC is classified as not halal.
NOT HALAL
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FAQ's for Kendrick Resources PLC (KEN.L)
As of October 2026, Kendrick Resources PLC KEN.L is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Kendrick Resources PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Kendrick Resources PLC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Kendrick Resources PLC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Kendrick Resources PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Kendrick Resources PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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