Is ShaMaran Petroleum Corp halal to invest in?

According to Musaffa's Shariah screening methodology, ShaMaran Petroleum Corp (SNM.V) is currently classified as NOT HALAL as of March 2026. 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 ShaMaran Petroleum 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 ShaMaran Petroleum Corp using these criteria to determine its compliance status.

Can Muslims buy shares of ShaMaran Petroleum Corp?

Muslim investors may consider investing in ShaMaran Petroleum 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 ShaMaran Petroleum Corp classified as NOT HALAL?

Musaffa determines the Shariah status of ShaMaran Petroleum 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 ShaMaran Petroleum Corp updated?

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

Can a halal stock like ShaMaran Petroleum 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 ShaMaran Petroleum Corp?

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

SNM.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 18, 2026

Report Source: 2025 Annual Report

ShaMaran Petroleum Corp. Stock Analysis SNM.V

Canada Energy Small Cap Report: 2025 Annual

ShaMaran Petroleum Corp. engages in the oil and gas exploration and production. The company is headquartered in Vancouver, British Columbia. The firm is engaged in the business of oil and gas exploration and production and holds interests in production sharing contracts. The firm has a 50% working interest (66.7% paying interest) in the Atrush Block in the Kurdistan Region of Iraq (KRI) through its wholly owned subsidiary ShaMaran Atrush Ltd. The company also has 18% working interest (22.5% paying interest) in the Sarsang Block in the KRI through its wholly owned subsidiary, ShaMaran Sarsang A/S. The firm is focused on developing the considerable reserve and production upside potential of its projects.

Key Statistics of ShaMaran Petroleum Corp (SNM.V)

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

Today's Range

CAD0.19CAD0.19

Today's Open

CAD0.19

Volume

5850.00

P/E Ratio (TTM)

14.87

52 Week Range

CAD0.16CAD0.30

Market Cap

575.65M

Avg. Volume

208.80K

Dividend Yield

Financial Metrics & Statements of ShaMaran Petroleum Corp (SNM.V)

FAQ's for ShaMaran Petroleum Corp (SNM.V)

According to Musaffa’s Shariah screening methodology, ShaMaran Petroleum Corp (SNM.V) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.