Is Visible Gold Mines Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Visible Gold Mines Inc (VGD.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 Visible Gold Mines Inc 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 Visible Gold Mines Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Visible Gold Mines Inc?

Muslim investors may consider investing in Visible Gold Mines Inc 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 Visible Gold Mines Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Visible Gold Mines Inc 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 Visible Gold Mines Inc updated?

The Shariah compliance status of Visible Gold Mines Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Visible Gold Mines Inc 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 Visible Gold Mines Inc?

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

VGD.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2025

Report Source: 2025 3rd Quarter Report

Visible Gold Mines Inc. Stock Analysis VGD.V

Canada Materials Nano Cap Report: Q3, 2025

Visible Gold Mines, Inc. is a mining exploration company, which engages in the business of acquiring and exploring mineral properties with prospects for hosting gold and lithium mineral deposits. The company is focused on gold in the prolific Abitibi Gold Belt and the James Bay region in the province of Quebec. Its properties include MegaLi, CarLi and NataLi. The MegaLi property (78 mining claims) is located in the region of James Bay, Quebec, covering 3,996 hectares (40 square kilometers) of mining land. In CarLi Project, it owns about 125 mining claims covering an area of 6,400 hectares (64 square kilometers) on the newly identified Wachiskw's intrusion. The NataLi property (comprised of 107 mining claims) is also located in the region of the James Bay area in the Province of Quebec.

Key Statistics of Visible Gold Mines Inc (VGD.V)

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

Today's Range

CAD0.17CAD0.18

Today's Open

CAD0.18

Volume

11.50K

P/E Ratio (TTM)

52 Week Range

CAD0.07CAD0.23

Market Cap

6.50M

Avg. Volume

34.36K

Dividend Yield

Financial Metrics & Statements of Visible Gold Mines Inc (VGD.V)

FAQ's for Visible Gold Mines Inc (VGD.V)

According to Musaffa’s Shariah screening methodology, Visible Gold Mines Inc (VGD.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.