Is Providence Gold Mines Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Providence Gold Mines Inc (PHD.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 Providence Gold Mines 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 Providence Gold Mines Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Providence Gold Mines Inc?

Muslim investors may consider investing in Providence Gold Mines 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 Providence Gold Mines Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Providence Gold Mines 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 Providence Gold Mines Inc updated?

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

Can a halal stock like Providence Gold Mines 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 Providence Gold Mines Inc?

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

PHD.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 18, 2025

Report Source: 2025 1st Quarter Report

Providence Gold Mines Inc. Stock Analysis PHD.V

Canada N/A Nano Cap Report: Q1, 2025

Providence Gold Mines, Inc. is a mineral exploration company, which engages in the exploration, development, evaluation, and acquisition of mineral properties. The company is headquartered in Surrey, British Columbia. The company went IPO on 2012-12-11. The firm has the option to acquire 100% of La Dama de Oro Gold Property. The La Dama de Oro Property is in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics.

Key Statistics of Providence Gold Mines Inc (PHD.V)

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

Today's Range

CAD0.05CAD0.05

Today's Open

CAD0.05

Volume

371.02K

P/E Ratio (TTM)

52 Week Range

CAD0.02CAD0.09

Market Cap

3.26M

Avg. Volume

89.67K

Dividend Yield

Financial Metrics & Statements of Providence Gold Mines Inc (PHD.V)

FAQ's for Providence Gold Mines Inc (PHD.V)

According to Musaffa’s Shariah screening methodology, Providence Gold Mines Inc (PHD.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.