Is Middlefield Global Real Asset Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Middlefield Global Real Asset Fund (RA.UN.TO) is currently classified as NOT HALAL as of January 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 Middlefield Global Real Asset Fund 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 Middlefield Global Real Asset Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Middlefield Global Real Asset Fund?

Muslim investors may consider investing in Middlefield Global Real Asset Fund 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 Middlefield Global Real Asset Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Middlefield Global Real Asset Fund 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 Middlefield Global Real Asset Fund updated?

The Shariah compliance status of Middlefield Global Real Asset Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Middlefield Global Real Asset Fund 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 Middlefield Global Real Asset Fund?

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

RA.UN.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 20, 2025

Report Source: 2024 2nd Quarter Report

Middlefield Global Real Asset Fund. Stock Analysis RA.UN.TO

Canada N/A Nano Cap Report: Q2, 2024

Middlefield Global Real Asset Fund is a CA-based company operating in industry. The company is headquartered in Toronto, Ontario. Middlefield Global Real Asset Fund (the Fund) is a Canada-based closed-ended investment trust. The Fund's investment objectives are to provide holders of units with stable monthly cash distributions, and long-term total return through capital appreciation of the Fund’s investment portfolio. The firm primarily invests in global portfolio comprised of dividend paying securities. The Fund also invests in physical real estates or infrastructure assets. The Fund invests in a portfolio of sectors, which include real estate, utilities, industrial, energy, technology, pipeline and materials. The Fund is managed by Middlefield Limited. The investment advisor of the Fund is Middlefield Capital Corporation.

Key Statistics of Middlefield Global Real Asset Fund (RA.UN.TO)

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

Today's Range

CAD7.62CAD7.66

Today's Open

CAD7.66

Volume

19.90K

P/E Ratio (TTM)

52 Week Range

CAD7.06CAD8.64

Market Cap

26.73M

Avg. Volume

4939.15

Dividend Yield

Financial Metrics & Statements of Middlefield Global Real Asset Fund (RA.UN.TO)

FAQ's for Middlefield Global Real Asset Fund (RA.UN.TO)

According to Musaffa’s Shariah screening methodology, Middlefield Global Real Asset Fund (RA.UN.TO) is currently classified as NOT HALAL as of January 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.