Is Makenita Resources Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Makenita Resources Inc (KENY.CN) 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 Makenita Resources Inc 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 Makenita Resources Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Makenita Resources Inc?

Muslim investors may consider investing in Makenita Resources Inc 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 Makenita Resources Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Makenita Resources Inc 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 Makenita Resources Inc updated?

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

Can a halal stock like Makenita Resources Inc 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 Makenita Resources Inc?

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

KENY.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 3rd Quarter Report

Makenita Resources Inc. Stock Analysis KENY.CN

Canada N/A Nano Cap Report: Q3, 2025

Makenita Resources, Inc. develops high-quality battery metals project. The firm's projects include Serpentinization Iron-Magnetite Project, Sisson West Tungsten Project, NTX Rare Earth Project and Hector Silver-Cobalt Project. The Serpentinization Iron-Magnetite Project is prospective for iron, magnetite and potential Hydrogen. The Serpentinization Iron-Magnetite Project covers approximately 23,517 contiguous acres. The Sisson West Tungsten Project consists of approximately 9,845 contiguous acres prospective for tungsten, located in New Brunswick. The NTX Rare Earth Project in Quebec consists of approximately 9,000 acres prospective for rare earths. The Hector Property consists of 126 contiguous unpatented mining claims totaling 2,243 hectares (approximately 5,542 acres) and is located within the Coleman and Gillies Limit Townships, Larder Lake Mining Division, Timiskaming District, Ontario, Canada.

Key Statistics of Makenita Resources Inc (KENY.CN)

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

Today's Range

CAD0.16CAD0.20

Today's Open

CAD0.17

Volume

3.33M

P/E Ratio (TTM)

52 Week Range

CAD0.05CAD0.20

Market Cap

4.51M

Avg. Volume

714.16K

Dividend Yield

Financial Metrics & Statements of Makenita Resources Inc (KENY.CN)

FAQ's for Makenita Resources Inc (KENY.CN)

According to Musaffa’s Shariah screening methodology, Makenita Resources Inc (KENY.CN) 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.