Is Usha Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Usha Resources Ltd (USHA.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 Usha Resources 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 Usha Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Usha Resources Ltd?

Muslim investors may consider investing in Usha 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.

Why is Usha Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Usha Resources 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 Usha Resources Ltd updated?

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

Can a halal stock like Usha Resources 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 Usha Resources Ltd?

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

USHA.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 28, 2025

Report Source: 2025 3rd Quarter Report

Usha Resources Ltd. Stock Analysis USHA.V

Canada N/A Nano Cap Report: Q3, 2025

Usha Resources Ltd. is a junior exploration company, which focuses on exploring and advancing early stage precious and base metal projects across North America. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2018-10-12. Its portfolio of strategic properties provides target-rich diversification and includes Southern Arm, a copper-gold VMS project in Quebec, Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario. The Southern Arm property comprises approximately 4,200 hectares of prospective ground in the metal-rich northwest Abitibi sub province. The Jackpot Lake Lithium Brine Property is located within Clark County, 35 kilometers northeast of Las Vegas, Nevada, and consists of 140 mineral claims that total 2,800 acres. The White Willow Lithium-Tantalum Property comprises 720 mining claims located in the Thunder Bay Mining Division of Ontario. Its projects also include Lee Lake, Mead, Gathering Lake and Triangle Lake, and Bluett.

Key Statistics of Usha Resources Ltd (USHA.V)

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

Today's Range

CAD0.06CAD0.06

Today's Open

CAD0.06

Volume

28.00K

P/E Ratio (TTM)

52 Week Range

CAD0.03CAD0.08

Market Cap

5.06M

Avg. Volume

56.15K

Dividend Yield

Financial Metrics & Statements of Usha Resources Ltd (USHA.V)

FAQ's for Usha Resources Ltd (USHA.V)

According to Musaffa’s Shariah screening methodology, Usha Resources Ltd (USHA.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.