Is Mandalay Resources Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Mandalay Resources Corp (MND.TO) is currently classified as NOT HALAL as of June 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 Mandalay Resources 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 Mandalay Resources Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Mandalay Resources Corp?

Muslim investors may consider investing in Mandalay Resources 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 Mandalay Resources Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Mandalay Resources 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 Mandalay Resources Corp updated?

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

Can a halal stock like Mandalay Resources 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 Mandalay Resources Corp?

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

MND.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 19, 2025

Report Source: 2025 1st Quarter Report

Mandalay Resources Corp. Stock Analysis MND.TO

Canada Materials Small Cap Report: Q1, 2025

Mandalay Resources Corp. engages in the exploration, development, and mining of natural resource properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2001-08-20. The Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. The Company’s non-core properties include Lupin mines (Canada) and La Quebrada (Chile).

Key Statistics of Mandalay Resources Corp (MND.TO)

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

Today's Range

CAD5.20CAD5.43

Today's Open

CAD5.20

Volume

221.88K

P/E Ratio (TTM)

10.70

52 Week Range

CAD3.75CAD5.99

Market Cap

475.21M

Avg. Volume