Is Mydecine Innovations Group Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Mydecine Innovations Group Inc (MYCO.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 Mydecine Innovations Group 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 Mydecine Innovations Group Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Mydecine Innovations Group Inc?

Muslim investors may consider investing in Mydecine Innovations Group 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 Mydecine Innovations Group Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Mydecine Innovations Group 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 Mydecine Innovations Group Inc updated?

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

Can a halal stock like Mydecine Innovations Group 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 Mydecine Innovations Group Inc?

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

MYCO.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 21, 2025

Report Source: 2025 1st Quarter Report

Analyst's Ratings for Mydecine Innovations Group Inc (MYCO.CN)

Based on 7 analysts giving stock ratings to Mydecine Innovations Group Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Mydecine Innovations Group Inc. Stock Analysis MYCO.CN

Canada Health Care Nano Cap Report: Q1, 2025

Mydecine Innovations Group Inc is a CA-based company operating in Pharmaceuticals industry. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2014-08-18. Mydecine Innovations Group Inc. is a Canada-based biotechnology company. The firm is engaged in developing the next generation of medications and therapies to address mental health disorders, such as nicotine addiction and post traumatic stress disorder (PTSD). The firm conducts research and development on novel second generation compounds in Canada with a focus on developing and commercializing psychedelic-inspired regulated medicines. The firm has two lead 3,4-Methylenedioxymethamphetamine (MDMA) candidates. The firm is channeling its MYCO-005, MYCO-006, and MYCO-007 families of patent-pending second-generation MDMA and Psilocybin analogs through Applied Pharmaceutical Innovation (API). The company uses advanced artificial intelligence (AI) and machine learning to design and screen drugs of interest. Its subsidiaries include Mydecine Group (1220611 BC Ltd) and NeuroPharm Inc.

Key Statistics of Mydecine Innovations Group Inc (MYCO.CN)

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

Today's Range

CAD0.42CAD0.42

Today's Open

CAD0.42

Volume

3725.00

P/E Ratio (TTM)

52 Week Range

CAD0.12CAD0.50

Market Cap

407.57K

Avg. Volume

22.93K

Dividend Yield

Financial Metrics & Statements of Mydecine Innovations Group Inc (MYCO.CN)

FAQ's for Mydecine Innovations Group Inc (MYCO.CN)

According to Musaffa’s Shariah screening methodology, Mydecine Innovations Group Inc (MYCO.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.