No. As of October 2026, Red Lake Gold Inc (RGLD.CN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Red Lake Gold Inc does not pass Musaffa's business and financial screening criteria.
Red Lake Gold, Inc. engages in the acquisition and exploration of mineral property assets. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2018-05-07. The Company’s projects include SaskGold Project, Whirlwind Jack Gold Project, Soo North Copper Project, Moray East Gold Project, and Fenelon North Gold Project. The Whirlwind Jack Gold Project (5,096 hectares (ha)) is a district-scale gold exploration project located near Red Lake, Ontario. The SaskGold Project (83,832 ha) represents a district-scale exploration platform for gold (and base metal) potential and is situated in a core area for active gold exploration in Saskatchewan, Canada. The Soo North Copper Project is a copper exploration project situated directionally north of Sault Ste. Marie, Ontario, and, at its formation, the project comprises a total of 416 mining claims covering approximately 9,142 ha. The Moray East Gold Project is a gold exploration project situated directionally south/south-east of Timmins, Ontario, and, at its formation, the project comprises a total of 203 mining claims covering over 4,380 ha.
Red Lake Gold Inc RGLD.CN
CAD0.20
Last Updated: Oct 02, 12:00 AM·CNSX
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RGLD.CN Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Red Lake Gold Inc is classified as not halal.
NOT HALAL
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FAQ's for Red Lake Gold Inc (RGLD.CN)
As of October 2026, Red Lake Gold Inc RGLD.CN is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Red Lake Gold Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Red Lake Gold 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.
Musaffa determines the Shariah status of Red Lake Gold Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Red Lake Gold Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Red Lake Gold Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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