Is Mene Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Mene Inc (MENE.V) is currently classified as DOUBTFUL 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 Mene 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 Mene Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Mene Inc?

Muslim investors may consider investing in Mene 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 Mene Inc classified as DOUBTFUL?

Musaffa determines the Shariah status of Mene 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 Mene Inc updated?

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

Can a halal stock like Mene 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 Mene Inc?

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

MENE.V Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: July 09, 2025

Report Source: 2025 1st Quarter Report

Mene Inc. Stock Analysis MENE.V

Canada Consumer Discretionary Nano Cap Report: Q1, 2025

Mene, Inc. engages in the design, manufacture, and marketing of gold and platinum investment jewelry. The company is headquartered in Toronto, Ontario. The company went IPO on 2018-11-06. The firm retails its jewelry by gram weight direct-to-consumer through an online shopping experience. Through mene.com, customers buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Its jewelry is crafted from gold and platinum, which is sourced from gold mines in Nevada, the United States and Ontario, Canada. Its gold carries the coveted London Bullion Market’s Responsible Sourcing Certification. The firm provides bracelets, chains, earrings, medallions, pendants, rings, pet tags and precious objects. The company has sold jewelry to customers in 50 States in the United States, 10 Canadian provinces, and approximately 60 countries, all without a single physical store.

Key Statistics of Mene Inc (MENE.V)

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

Today's Range

CAD0.19CAD0.19

Today's Open

CAD0.19

Volume

18.43K

P/E Ratio (TTM)

49.13

52 Week Range

CAD0.12CAD0.26

Market Cap

48.24M

Avg. Volume

20.76K

Dividend Yield

Financial Metrics & Statements of Mene Inc (MENE.V)

FAQ's for Mene Inc (MENE.V)

According to Musaffa’s Shariah screening methodology, Mene Inc (MENE.V) is currently classified as DOUBTFUL 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.