Is New Wave Holdings Corp halal to invest in?

According to Musaffa's Shariah screening methodology, New Wave Holdings Corp (NWAI.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 New Wave Holdings 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 Wave Holdings Corp using these criteria to determine its compliance status.

Can Muslims buy shares of New Wave Holdings Corp?

Muslim investors may consider investing in New Wave Holdings 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 Wave Holdings Corp classified as NOT HALAL?

Musaffa determines the Shariah status of New Wave Holdings 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 Wave Holdings Corp updated?

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

Can a halal stock like New Wave Holdings 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 Wave Holdings Corp?

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

NWAI.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 3rd Quarter Report

New Wave Holdings Corp. Stock Analysis NWAI.CN

Canada Financials Nano Cap Report: Q3, 2025

New Wave Holdings Corp. engages in investments focused on the psychedelic and esports sectors. The company is headquartered in Toronto, Ontario. The company went IPO on 2007-03-07. The Company’s objective is to generate income and achieve long term capital appreciation through investments focused on e-sports, non-fungible tokens (NFT), metaverse, blockchain and Web 3 sectors. The Company, through its subsidiary, Rosey Inc., offers a series of intellectual property including certain assets relating to artificial intelligence (AI) and an AI-Powered Command Center that encompasses a series of tools tailored for the enhancement of productivity, creativity, and both personal and professional development. The Company, through Longevity AI Inc., is focused on leveraging artificial intelligence to help patients achieve better health care outcomes. The company owns and operates proprietary technology that connects patients to cutting-edge clinical treatments around bio markers, longevity, anti-aging protocols and the central nervous system.

Key Statistics of New Wave Holdings Corp (NWAI.CN)

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

Today's Range

CAD0.77CAD0.82

Today's Open

CAD0.82

Volume

275.54K

P/E Ratio (TTM)

52 Week Range

CAD0.01CAD0.82

Market Cap

2.37M

Avg. Volume

572.50K

Dividend Yield

Financial Metrics & Statements of New Wave Holdings Corp (NWAI.CN)

FAQ's for New Wave Holdings Corp (NWAI.CN)

According to Musaffa’s Shariah screening methodology, New Wave Holdings Corp (NWAI.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.