Is Resolute Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Resolute Resources Ltd (RRL.V) is currently classified as NOT HALAL as of November 2024. 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 Resolute 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 Resolute Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Resolute Resources Ltd?

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

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

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

Can a halal stock like Resolute 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 Resolute Resources Ltd?

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

RRL.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 01, 2024

Report Source: 2024 Annual Report

Resolute Resources Ltd. Stock Analysis RRL.V

Canada N/A Nano Cap Report: 2024 Annual

Resolute Resources Ltd. engages in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs in Northeast British Columbia and Northwest Alberta, utilizing multi-lateral drilling technology. The company is headquartered in Calgary, Alberta. The company went IPO on 2021-10-15. The firm is engaged in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs in Northeast British Columbia and Northwest Alberta, utilizing multi-lateral drilling technology. The firm is engaged in developing approximately 44 sections of land representing over 28,160 acres in Northwest Alberta and approximately 15 sections of land representing over 9,916 acres in Northeast British Columbia. Its Multilateral Open Hole (MLOH) horizontal technology allows the production of reservoirs with characteristics between unconventional and conventional.

Key Statistics of Resolute Resources Ltd (RRL.V)

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

Today's Range

CAD0.01CAD0.01

Today's Open

CAD0.01

Volume

4046.00

P/E Ratio (TTM)

Market Cap

346.40K

Avg. Volume

178.60K

Dividend Yield

Financial Metrics & Statements of Resolute Resources Ltd (RRL.V)

FAQ's for Resolute Resources Ltd (RRL.V)

According to Musaffa’s Shariah screening methodology, Resolute Resources Ltd (RRL.V) is currently classified as NOT HALAL as of November 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.