Is Sokoman Minerals Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Sokoman Minerals Corp (SIC.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 Sokoman Minerals 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 Sokoman Minerals Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Sokoman Minerals Corp?

Muslim investors may consider investing in Sokoman Minerals 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 Sokoman Minerals Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Sokoman Minerals 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 Sokoman Minerals Corp updated?

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

Can a halal stock like Sokoman Minerals 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 Sokoman Minerals Corp?

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

SIC.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 28, 2025

Report Source: 2025 3rd Quarter Report

Sokoman Minerals Corp. Stock Analysis SIC.V

Canada Materials Nano Cap Report: Q3, 2025

Sokoman Minerals Corp. is a discovery-oriented company, which engages in the provision of identifying, acquiring, and exploring mineral interests in the province of Newfoundland, Labrador, and Canada. The company is headquartered in Toronto, Ontario. The company went IPO on 2006-12-28. The firm's projects include Moosehead Gold, Crippleback Lake Gold, Startrek, Iron Horse and Fleur de Lys. The company has also entered a strategic alliance through three joint-venture properties, including Grey River, Golden Hope, and Kepenkeck in Newfoundland. The Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project consists of 1,891 claims located on the Baie Verte Peninsula of Northwestern Newfoundland. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Crippleback Lake Gold Project includes 111 claims totaling 2,775 hectares located in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada.

Key Statistics of Sokoman Minerals Corp (SIC.V)

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

Today's Range

CAD0.23CAD0.25

Today's Open

CAD0.24

Volume

368.19K

P/E Ratio (TTM)

52 Week Range

CAD0.03CAD0.29

Market Cap

68.83M

Avg. Volume

356.25K

Dividend Yield

Financial Metrics & Statements of Sokoman Minerals Corp (SIC.V)

FAQ's for Sokoman Minerals Corp (SIC.V)

According to Musaffa’s Shariah screening methodology, Sokoman Minerals Corp (SIC.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.