Is Ovation Science Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Ovation Science Inc (OVAT.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 Ovation Science 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 Ovation Science Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Ovation Science Inc?

Muslim investors may consider investing in Ovation Science 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 Ovation Science Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Ovation Science 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 Ovation Science Inc updated?

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

Can a halal stock like Ovation Science 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 Ovation Science Inc?

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

OVAT.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 18, 2025

Report Source: 2025 1st Quarter Report

Ovation Science Inc. Stock Analysis OVAT.CN

Canada N/A Nano Cap Report: Q1, 2025

Ovation Science, Inc. is a research and development company, which engages in the business of providing topical and transdermal skin products containing hemp seed oil and cannabis products under the Ovation brand label utilizing patented Invisicare delivery. The firm develops topical and transdermal cannabidiol (CBD)/ tetrahydrocannabinol (THC) and other cannabinoid products which are out-licensed and also distributed under its own brands; ARLO CBD Beauty and InVibe MD (wellness line); all powered by its patented Invisicare skin delivery technology. The firm manufactures, distributes, sells, markets, sub-licenses and promotes products formulated with Invisicare, containing cannabinoids, hemp seed oil or synthetic derivatives of cannabis. The firm has developed topical and transdermal creams and lotions made with CBD, THC and combinations thereof plus hemp seed oil. Invisicare is a patented polymer-based technology for topical and transdermal skincare products. ARLO CBD Beauty offers science-based skincare solutions. Invibe MD offers a health and wellness product line infused with hemp-derived CBD and developed using Invisicare drug delivery technology.

Key Statistics of Ovation Science Inc (OVAT.CN)

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

Today's Range

CAD0.03CAD0.03

Today's Open

CAD0.03

Volume

50.00K

P/E Ratio (TTM)

52 Week Range

CAD0.03CAD0.06

Market Cap

881.12K

Avg. Volume

26.62K

Dividend Yield

Financial Metrics & Statements of Ovation Science Inc (OVAT.CN)

FAQ's for Ovation Science Inc (OVAT.CN)

According to Musaffa’s Shariah screening methodology, Ovation Science Inc (OVAT.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.