Is Ongold Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ongold Resources Ltd (ONAU.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 Ongold Resources Ltd 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 Ongold Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ongold Resources Ltd?

Muslim investors may consider investing in Ongold Resources Ltd 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 Ongold Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ongold Resources Ltd 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 Ongold Resources Ltd updated?

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

Can a halal stock like Ongold Resources Ltd 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 Ongold Resources Ltd?

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

ONAU.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 14, 2025

Report Source: 2025 1st Quarter Report

Ongold Resources Ltd. Stock Analysis ONAU.V

Canada Materials Nano Cap Report: Q1, 2025

The company is headquartered in Toronto, Ontario. The company went IPO on 2024-05-08.

Key Statistics of Ongold Resources Ltd (ONAU.V)

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

Today's Range

CAD0.78CAD0.88

Today's Open

CAD0.88

Volume

24.95K

P/E Ratio (TTM)

52 Week Range

CAD0.35CAD1.37

Market Cap

41.00M

Avg. Volume

99.53K

Dividend Yield

Financial Metrics & Statements of Ongold Resources Ltd (ONAU.V)

FAQ's for Ongold Resources Ltd (ONAU.V)

According to Musaffa’s Shariah screening methodology, Ongold Resources Ltd (ONAU.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.