Is Worldwide Resources Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Worldwide Resources Corp (WR.H.V) is currently classified as NOT HALAL as of October 2024. 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 Worldwide Resources 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 Worldwide Resources Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Worldwide Resources Corp?

Muslim investors may consider investing in Worldwide Resources 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 Worldwide Resources Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Worldwide Resources 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 Worldwide Resources Corp updated?

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

Can a halal stock like Worldwide Resources 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 Worldwide Resources Corp?

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

WR.H.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 22, 2024

Report Source: 2024 2nd Quarter Report

Worldwide Resources Corp. Stock Analysis WR.H.V

Canada Materials Nano Cap Report: Q2, 2024

Worldwide Resources Corp. engages in the identification and acquisition of base and previous metal assets. The company is headquartered in Vancouver, British Columbia. The firm is focused on identifying and acquiring base and precious metal assets for exploration and development. The firm has not generated any significant revenues.

Key Statistics of Worldwide Resources Corp (WR.H.V)

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

Today's Range

CAD0.03CAD0.03

Today's Open

CAD0.03

Volume

13.33K

P/E Ratio (TTM)

52 Week Range

CAD0.03CAD0.03

Market Cap

190.00K

Avg. Volume