Is New Destiny Mining Corp halal to invest in?

According to Musaffa's Shariah screening methodology, New Destiny Mining Corp (NED.V) 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 New Destiny Mining Corp 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 New Destiny Mining Corp using these criteria to determine its compliance status.

Can Muslims buy shares of New Destiny Mining Corp?

Muslim investors may consider investing in New Destiny Mining Corp 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 New Destiny Mining Corp classified as NOT HALAL?

Musaffa determines the Shariah status of New Destiny Mining Corp 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 New Destiny Mining Corp updated?

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

Can a halal stock like New Destiny Mining Corp 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 New Destiny Mining Corp?

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

NED.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 3rd Quarter Report

New Destiny Mining Corp. Stock Analysis NED.V

Canada N/A Nano Cap Report: Q3, 2025

New Destiny Mining Corp. is a junior mineral exploration company, which engages in the provision of acquiring, exploring, and evaluating mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2011-01-10. The firm's flagship project, the Treasure Mountain Silver Property, is located in southern British Columbia. The property covers approximately 10,700 hectares and hosts at least seven gold, silver, lead, zinc and/or copper occurrences in various regions. Targets on the property include critical minerals in porphyry copper-moly deposits, and gold-quartz vein and polymetallic silver-rich vein deposits. Copper and nickel mineralization is reported locally in the northern region of the property. In addition, the property partially surrounds the Treasure Mountain property of Nicola Mining Inc. which hosts polymetallic veins and the historic Treasure Mountain Silver-Lead-Zinc mine (polymetallic veins).

Key Statistics of New Destiny Mining Corp (NED.V)

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

Today's Range

CAD0.04CAD0.04

Today's Open

CAD0.04

Volume

1000.00

P/E Ratio (TTM)

52 Week Range

CAD0.02CAD0.08

Market Cap

678.17K

Avg. Volume

108.65K

Dividend Yield

Financial Metrics & Statements of New Destiny Mining Corp (NED.V)

FAQ's for New Destiny Mining Corp (NED.V)

According to Musaffa’s Shariah screening methodology, New Destiny Mining Corp (NED.V) 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.