Is Foremost Clean Energy Ltd. (FMST) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.8% / 30% | 16.8% / 30% | 0.8% / 30% | N/A | ✓ HALAL |
| DJIM | 1.8% / 33% | 16.8% / 33% | 0.8% / 33% | N/A | ✓ HALAL |
| MSCI | 1.9% / 33% | 18.0% / 33% | 0.8% / 33% | N/A | ✓ HALAL |
| S&P | 1.8% / 33% | 16.8% / 33% | 0.8% / 33% | N/A | ✓ HALAL |
| FTSE | 1.9% / 33% | 18.0% / 33% | 0.8% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -11.2% | |
| Return on Assets (ROA) | -8.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $521,368 |
| Current Ratio | 3.2 |
| Total Assets | $28M |
Price & Trading
| Last Close | $1.68 |
| 50-Day MA | $2.14 |
| 200-Day MA | $2.73 |
| Avg Volume | 228K |
| Beta | 3.0 |
|
52-Week Range
$0.60
| |
About Foremost Clean Energy Ltd. (FMST)
Foremost Clean Energy, an exploration stage company, explores and develops uranium and lithium assets in North America. It has an option agreement of approximately 70% interest in 10 properties encompassing over 330,000 acres in Saskatchewan's Athabasca Basin. The company also has an exploration permit for the Turkey Lake Uranium Project situated along the eastern edge of the Athabasca Basin. The company was formerly known as Foremost Lithium Resource & Technology Ltd. and changed its name to Foremost Clean Energy Ltd. in September 2024. Foremost Clean Energy Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.
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Frequently Asked Questions
Is Foremost Clean Energy Ltd. (FMST) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Foremost Clean Energy Ltd. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Foremost Clean Energy Ltd.'s debt ratio?
Foremost Clean Energy Ltd.'s debt ratio is 1.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 1.9%.
What are Foremost Clean Energy Ltd.'s key financial metrics?
Foremost Clean Energy Ltd. has a market capitalization of $25M. Return on equity stands at -11.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.