Is Scandium International Mining Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Scandium International Mining Corp (SCY.TO) 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 Scandium International Mining Corp 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 Scandium International Mining Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Scandium International Mining Corp?

Muslim investors may consider investing in Scandium International Mining Corp 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 Scandium International Mining Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Scandium International Mining Corp 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 Scandium International Mining Corp updated?

The Shariah compliance status of Scandium International Mining Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Scandium International Mining Corp 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 Scandium International Mining Corp?

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

SCY.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 15, 2025

Report Source: 2025 1st Quarter Report

Scandium International Mining Corp. Stock Analysis SCY.TO

Canada Materials Nano Cap Report: Q1, 2025

Scandium International Mining Corp. focuses on the development of scandium mineral resources, and scandium end-use markets. The company is headquartered in Reno, Nevada. The company went IPO on 2008-04-24. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The firm has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The firm's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.

Key Statistics of Scandium International Mining Corp (SCY.TO)

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

Today's Range

$0.06$0.06

Today's Open

$0.06

Volume

80.96K

P/E Ratio (TTM)

263.34

52 Week Range

$0.02$0.08

Market Cap

8.90M

Avg. Volume

243.18K

Dividend Yield

Financial Metrics & Statements of Scandium International Mining Corp (SCY.TO)

FAQ's for Scandium International Mining Corp (SCY.TO)

According to Musaffa’s Shariah screening methodology, Scandium International Mining Corp (SCY.TO) 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.