Is Meryllion Resources Corporation halal to invest in?

According to Musaffa's Shariah screening methodology, Meryllion Resources Corporation (MYR.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 Meryllion Resources Corporation 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 Meryllion Resources Corporation using these criteria to determine its compliance status.

Can Muslims buy shares of Meryllion Resources Corporation?

Muslim investors may consider investing in Meryllion Resources Corporation 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 Meryllion Resources Corporation classified as NOT HALAL?

Musaffa determines the Shariah status of Meryllion Resources Corporation 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 Meryllion Resources Corporation updated?

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

Can a halal stock like Meryllion Resources Corporation 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 Meryllion Resources Corporation?

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

MYR.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 18, 2025

Report Source: 2025 2nd Quarter Report

Meryllion Resources Corporation. Stock Analysis MYR.CN

Canada Materials Nano Cap Report: Q2, 2025

Meryllion Resources Corp. is a natural resource company, which engages in the acquisition and exploration of resource properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2013-12-04. The firm is focused on its ionic adsorption clay (IAC) hosted rare earth elements (REE) project in Tasmania. The Tasmania REE Projects are hosted in highly-sought rare earth-rich ionic adsorption clay-hosted deposits comprising Jurassic dolerites and basalts and provide upside potential for economic rare earth magnet metals. The company has an interest in four rare earth exploration leases located in northeast Tasmania totaling approximately 809 square kilometers.

Key Statistics of Meryllion Resources Corporation (MYR.CN)

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

Today's Range

CAD0.04CAD0.05

Today's Open

CAD0.04

Volume

55.37K

P/E Ratio (TTM)

52 Week Range

CAD0.01CAD0.15

Market Cap

4.35M

Avg. Volume

105.19K

Dividend Yield

Financial Metrics & Statements of Meryllion Resources Corporation (MYR.CN)

FAQ's for Meryllion Resources Corporation (MYR.CN)

According to Musaffa’s Shariah screening methodology, Meryllion Resources Corporation (MYR.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.