Is Micromem Technologies Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Micromem Technologies Inc (MRM.CN) is currently classified as NOT HALAL 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 Micromem Technologies 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 Micromem Technologies Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Micromem Technologies Inc?

Muslim investors may consider investing in Micromem Technologies 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 Micromem Technologies Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Micromem Technologies 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 Micromem Technologies Inc updated?

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

Can a halal stock like Micromem Technologies 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 Micromem Technologies Inc?

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

MRM.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 11, 2025

Report Source: 2025 2nd Quarter Report

Micromem Technologies Inc. Stock Analysis MRM.CN

Canada Industrials Nano Cap Report: Q2, 2025

Micromem Technologies, Inc. engages in the development of based upon proprietary technology, customized magnetic sensor applications for companies. The company is headquartered in Toronto, Ontario. The company went IPO on 2009-01-21. Its solutions include oil sensor solutions, structural integrity sensors, nanoparticle detection solutions and energy storage solutions. Its oil sensor solutions include an AROMA tracer-detection commercialized product, power transformer oil degradation sensor, MEMS sensor system for real-time wear analysis and an integrated oil pan plug analysis system. Its structural integrity solutions include powerline monitoring, a cement integrity sensor solution and a corrosion detection solution. Its nanoparticle detection solutions include a nanoscale fracking sensor and a magnetic nanoparticle detection platform. The company provides sensor technology and overall system and product integration management for the practical realization of a radical new energy storage system.

Key Statistics of Micromem Technologies Inc (MRM.CN)

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

Today's Range

CAD0.02CAD0.02

Today's Open

CAD0.02

Volume

61.00K

P/E Ratio (TTM)

52 Week Range

CAD0.02CAD0.09

Market Cap

15.57M

Avg. Volume

119.54K

Dividend Yield

Financial Metrics & Statements of Micromem Technologies Inc (MRM.CN)

FAQ's for Micromem Technologies Inc (MRM.CN)

According to Musaffa’s Shariah screening methodology, Micromem Technologies Inc (MRM.CN) is currently classified as NOT HALAL 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.