Is Three Sixty Solar Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Three Sixty Solar Ltd (VSOL.NE) is currently classified as NOT HALAL as of December 2023. 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 Three Sixty Solar 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 Three Sixty Solar Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Three Sixty Solar Ltd?

Muslim investors may consider investing in Three Sixty Solar 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 Three Sixty Solar Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Three Sixty Solar 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 Three Sixty Solar Ltd updated?

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

Can a halal stock like Three Sixty Solar 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 Three Sixty Solar Ltd?

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

VSOL.NE Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 29, 2023

Report Source: 2023 3rd Quarter Report

Three Sixty Solar Ltd. Stock Analysis VSOL.NE

Canada Industrials Nano Cap Report: Q3, 2023

Three Sixty Solar Ltd. engages in the provision of solar equipment. The company is headquartered in Vancouver, British Columbia and currently employs 2 full-time employees. The firm is focused on solar equipment supply to the global marketplace. The Company’s premier product line is the patent pending SVS series commercial solar tower. The Company’s tower concept is a high density, clean energy solution and can co-locate adjacent to homes, retail, agriculture and industry, thus minimizing line loss and maximizing energy delivery in places where renewables have been difficult to install. In multi-tower applications, developers can utilize the spaces between towers to better leverage land assets through additional revenue generating activities. The company offers a clean energy solution with minimal environmental and habitat impact. The Company’s subsidiaries include Three Sixty Solar Operations Ltd, Victory Exploration Inc. and Liberty One Utah Inc.

Key Statistics of Three Sixty Solar Ltd (VSOL.NE)

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

Today's Range

CAD0.01CAD0.02

Today's Open

CAD0.01

Volume

261.05K

P/E Ratio (TTM)

52 Week Range

CAD0.14CAD1.29

Market Cap

460.00K

Avg. Volume

58.94K

Dividend Yield

Financial Metrics & Statements of Three Sixty Solar Ltd (VSOL.NE)

FAQ's for Three Sixty Solar Ltd (VSOL.NE)

According to Musaffa’s Shariah screening methodology, Three Sixty Solar Ltd (VSOL.NE) is currently classified as NOT HALAL as of December 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.