SouthGobi Resources Ltd SGQ.V
CAD0.32
Last Updated: Oct 07, 12:00 AM·TSX
Pricing for CA stocks is delayed by 24 hours
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Is SouthGobi Resources Ltd Stock Halal?
Shariah Compliance Analysis of SGQ.V Stock
Canada Energy Micro Cap No. As of October 2026, SouthGobi Resources Ltd (SGQ.V) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SouthGobi Resources Ltd does not pass Musaffa's business and financial screening criteria.
SouthGobi Resources Ltd. operates as an integrated coal mining, development, and exploration company. The company is headquartered in Vancouver, British Columbia and currently employs 847 full-time employees. The company went IPO on 2003-12-15. The company owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of each other and in proximity to the Chinese-Mongolian border. The Ovoot Tolgoi Mine, strategically located over 40km from the Shivee Khuren-Ceke crossing at the China-Mongolia border (Shivee Khuren Border Crossing), is its flagship asset. The Ovoot Tolgoi Mine has two distinct pits: the Sunrise and Sunset pits. The Soumber Deposit includes Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields, and is located approximately 20km east of the Ovoot Tolgoi Mine. The Zag Suuj Deposit, located over 150km east of the Ovoot Tolgoi Mine and over 80km north of the Mongolia-China border.
SGQ.V Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, SouthGobi Resources Ltd is classified as not halal.
NOT HALALSouthGobi Resources Ltd (SGQ.V) Chart
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Financial Metrics & Statements of SouthGobi Resources Ltd (SGQ.V)
FAQ's for SouthGobi Resources Ltd (SGQ.V)
- As of October 2026, SouthGobi Resources Ltd SGQ.V 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 SouthGobi Resources Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in SouthGobi 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.
- Musaffa determines the Shariah status of SouthGobi Resources Ltd 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 SouthGobi Resources Ltd 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 SouthGobi Resources Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for SouthGobi Resources Ltd (SGQ.V)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
