Is Melcor Developments Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Melcor Developments Ltd (MRD.TO) is currently classified as NOT HALAL as of March 2026. 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 Melcor Developments Ltd 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 Melcor Developments Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Melcor Developments Ltd?

Muslim investors may consider investing in Melcor Developments Ltd 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 Melcor Developments Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Melcor Developments Ltd 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 Melcor Developments Ltd updated?

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

Can a halal stock like Melcor Developments Ltd 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 Melcor Developments Ltd?

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

MRD.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 19, 2026

Report Source: 2025 Annual Report

Melcor Developments Ltd. Stock Analysis MRD.TO

Canada Real Estate Small Cap Report: 2025 Annual

Melcor Developments Ltd. is a real estate development and asset management company. The firm develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The firm operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. The Properties segment owns approximately 24 leasable commercial, retail and residential properties and other rental income producing assets, such as parking lots and land leases. The REIT segment owns approximately 35 leasable commercial and retail properties and other rental income producing assets, such as residential property, parking lots and land leases. The Golf segment owns and manages three 18-hole golf course operations (one of which is 60% owned) and has a 50% ownership interest in one 18-hole golf course.

Key Statistics of Melcor Developments Ltd (MRD.TO)

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

Today's Range

CAD17.90CAD18.09

Today's Open

CAD17.96

Volume

11.57K

P/E Ratio (TTM)

9.31

52 Week Range

CAD12.63CAD19.34

Market Cap

556.36M

Avg. Volume

8656.22

Dividend Yield

2.68%

Financial Metrics & Statements of Melcor Developments Ltd (MRD.TO)

FAQ's for Melcor Developments Ltd (MRD.TO)

According to Musaffa’s Shariah screening methodology, Melcor Developments Ltd (MRD.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.