Is Meridian Mining PLC halal to invest in?

According to Musaffa's Shariah screening methodology, Meridian Mining PLC (MNO.TO) is currently classified as NOT HALAL as of December 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 Meridian 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 Meridian Mining PLC using these criteria to determine its compliance status.

Can Muslims buy shares of Meridian Mining PLC?

Muslim investors may consider investing in Meridian 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 Meridian Mining PLC classified as NOT HALAL?

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

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

Can a halal stock like Meridian 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 Meridian Mining PLC?

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

MNO.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 23, 2025

Report Source: 2025 3rd Quarter Report

Meridian Mining PLC. Stock Analysis MNO.TO

Canada Materials Small Cap Report: Q3, 2025

Meridian Mining Plc engages in the acquisition, exploration, development, and mining of gold and copper. Cabacal is a gold-copper-silver rich VMS deposit with the potential to be a standalone mine within the 50-kilometer (km) VMS belt. Its projects also include the Espigao Project and Santa Helena Project. The Espigao Project is located in the state of Rondonia, NW Brazil. The Espigao Project is located on the southwest margin of the Amazon Craton, on the western margin of the Proterozoic Rondonia-Juruena Province. An extensive network of mineralized structures extends over 200 square kilometers (km2) in the ore of the license area, and comprises base metal anomalous manganese veins, ferruginous breccias, gold-bearing quartz-pyrite veins and others. Its Santa Helena is a copper, gold, silver and zinc lead deposit located approximately10 km to the southeast of the Cabacal Mine area.

Key Statistics of Meridian Mining PLC (MNO.TO)

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

Today's Range

CAD1.96CAD2.10

Today's Open

CAD1.97

Volume

632.55K

P/E Ratio (TTM)

52 Week Range

CAD0.63CAD2.16

Market Cap

815.66M

Avg. Volume

384.98K

Dividend Yield

Financial Metrics & Statements of Meridian Mining PLC (MNO.TO)

FAQ's for Meridian Mining PLC (MNO.TO)

According to Musaffa’s Shariah screening methodology, Meridian Mining PLC (MNO.TO) is currently classified as NOT HALAL as of December 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.