Is Southstone Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Southstone Minerals Ltd (SML.V) 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 Southstone Minerals Ltd 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 Southstone Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Southstone Minerals Ltd?

Muslim investors may consider investing in Southstone Minerals 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.

Why is Southstone Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Southstone Minerals Ltd 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 Southstone Minerals Ltd updated?

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

Can a halal stock like Southstone Minerals Ltd 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 Southstone Minerals Ltd?

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

SML.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 2nd Quarter Report

Southstone Minerals Ltd. Stock Analysis SML.V

Canada Energy Nano Cap Report: Q2, 2025

Southstone Minerals Ltd. Is a mining company, which engages in the acquisition, exploration, and development of mineral properties. The company is headquartered in Victoria, British Columbia. The company went IPO on 2011-05-12. The firm is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. The firm's subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd.

Key Statistics of Southstone Minerals Ltd (SML.V)

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

Today's Range

CAD0.01CAD0.01

Today's Open

CAD0.01

Volume

1000.00

P/E Ratio (TTM)

52 Week Range

CAD0.01CAD0.02

Market Cap

320.00K

Avg. Volume

27.70K

Dividend Yield

Financial Metrics & Statements of Southstone Minerals Ltd (SML.V)

FAQ's for Southstone Minerals Ltd (SML.V)

According to Musaffa’s Shariah screening methodology, Southstone Minerals Ltd (SML.V) 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.