Is Marula Mining PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Marula Mining PLC (MARU.AQ) is currently classified as HALAL as of October 2024. 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 Marula Mining PLC 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 Marula Mining PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Marula Mining PLC?

Muslim investors may consider investing in Marula Mining 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.

Why is Marula Mining PLC classified as HALAL?

Musaffa determines the Shariah status of Marula Mining PLC 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 Marula Mining PLC updated?

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

Can a halal stock like Marula Mining PLC 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 Marula Mining PLC?

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

Marula Mining PLC MARU.AQ

£0.04

Last Updated: May 15, 12:00 AM·AQSE

MARU.AQ Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: October 14, 2024

Report Source: 2024 2nd Quarter Report

Marula Mining PLC. Stock Analysis MARU.AQ

United Kingdom Materials Nano Cap Report: Q2, 2024

Marula Mining Plc engages in the provision of financial services, engineering and support services, renewable energy, construction, and technology services. The company is headquartered in Nairobi, Nairobi and currently employs 2 full-time employees. The company went IPO on 2006-04-13. The firm focuses on project acquisition, primarily directed toward expanding its portfolio in the minerals sector. The company identifies mining projects that supply minerals for renewable energy and electric vehicle markets. The company holds interests in mining operations and mine development projects. In South Africa, its projects include Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, and Kruisrivier Cobalt Mine. In Botswana, it is involved in Boteti Lithium Brines Project. In Kenya, the Company operates Larisoro Manganese Mine and Kilifi Manganese Processing Operation. In Tanzania, its projects include Kinusi Copper Mine, Nyorinyori and NyoriGreen Graphite Project. Its subsidiaries are Marula Lithium Mining South Africa Pty Ltd, South Africa Lithium and Tantalum Pty Ltd, Muchai Mining (PVT) Limited, Muchai Mining Tanzania Limited, Muchai Mining Kenya Limited, and Future Gems Pty Limited.

Key Statistics of Marula Mining PLC (MARU.AQ)

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

Today's Range

£0.04£0.04

Today's Open

£0.04

Volume

P/E Ratio (TTM)

52 Week Range

£0.03£0.04

Market Cap

13.37M

Avg. Volume

Dividend Yield

Financial Metrics & Statements of Marula Mining PLC (MARU.AQ)

FAQ's for Marula Mining PLC (MARU.AQ)

According to Musaffa’s Shariah screening methodology, Marula Mining PLC (MARU.AQ) is currently classified as HALAL as of October 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.