Is South Atlantic Gold Inc halal to invest in?

According to Musaffa's Shariah screening methodology, South Atlantic Gold Inc (SAO.V) is currently classified as NOT HALAL as of June 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 South Atlantic Gold 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 South Atlantic Gold Inc using these criteria to determine its compliance status.

Can Muslims buy shares of South Atlantic Gold Inc?

Muslim investors may consider investing in South Atlantic 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.

Why is South Atlantic Gold Inc classified as NOT HALAL?

Musaffa determines the Shariah status of South Atlantic Gold 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 South Atlantic Gold Inc updated?

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

Can a halal stock like South Atlantic Gold 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 South Atlantic Gold Inc?

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

SAO.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 28, 2025

Report Source: 2025 3rd Quarter Report

South Atlantic Gold Inc. Stock Analysis SAO.V

Canada N/A Nano Cap Report: Q3, 2025

South Atlantic Gold, Inc. engages in the acquisition, exploration, and development of mineral resource properties. The company is headquartered in Kelowna, British Columbia. The company went IPO on 2007-04-23. The firm is engaged in acquiring and advancing mineral properties located in the Americas. Its flagship asset is the 100%-owned Pedra Branca project, located 280 kilometers (km) southwest of Fortaleza, Ceara State, Brazil. The Pedra Branca project is a mesothermal gold deposit hosted in the Troia greenstone belt in the Brazilian Archean terrain. The property covers approximately 48,828 hectares (ha) over a 50 km-long shear zone. The company has 13 well-defined targets and 30 prospective tenements.

Key Statistics of South Atlantic Gold Inc (SAO.V)

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

Today's Range

CAD0.13CAD0.14

Today's Open

CAD0.14

Volume

109.71K

P/E Ratio (TTM)

52 Week Range

CAD0.02CAD0.15

Market Cap

10.97M

Avg. Volume

243.27K

Dividend Yield

Financial Metrics & Statements of South Atlantic Gold Inc (SAO.V)

FAQ's for South Atlantic Gold Inc (SAO.V)

According to Musaffa’s Shariah screening methodology, South Atlantic Gold Inc (SAO.V) is currently classified as NOT HALAL as of June 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.