SOLUCORP Industries Ltd. engages in the development of heavy metal remediation technology. The company is headquartered in Orangeburg, New York and currently employs 23 full-time employees. The company went IPO on 2001-07-11. The company develops and markets solutions for the remediation of hazardous heavy metal and mercury spills. The firm's Molecular Bonding System (MBS) treatment technology permanently solves metals contamination in soils, industrial wastes and liquid wastes. MBS is being used in Integrated Fixation System (IFS) products that can be applied to a multitude of hazardous pollutant sources to render them insoluble and non-hazardous. The firm's principal business is conducted in the United States. Solucorp Industries, Ltd. announced that it has completed due diligence and finalized purchase of WITS, Inc., a privately held Florida-based environmental contractor that holds patents and licenses to provide decontamination of water and wastewater.
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As of August 2026, Solucorp Industries Ltd SLUP is classified as not covered 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 Solucorp Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Solucorp Industries 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 Solucorp Industries 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 Solucorp Industries 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 Solucorp Industries Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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