Is MAYFAIR GOLD CORP. (MINE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 3.9% / 30% | 0.1% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 3.9% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| MSCI | 0.0% / 33% | 38.9% / 33% | 0.8% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 3.9% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| FTSE | 0.0% / 33% | 38.9% / 33% | 0.8% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -22.3% | |
| Return on Assets (ROA) | -14.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$14M |
| Free Cash Flow | -$14M |
| Current Ratio | 35.7 |
| Total Assets | $24M |
Price & Trading
| Last Close | $2.96 |
| 50-Day MA | $3.75 |
| 200-Day MA | $3.75 |
| Avg Volume | 175K |
| Beta | 0.1 |
|
52-Week Range
$2.80
| |
About MAYFAIR GOLD CORP. (MINE)
Mayfair Gold Corp. acquires, explores, evaluates, and develops mineral properties. It holds 100% interests in the Fenn-Gib gold project with 21 fee simple patented properties, 153 patented leasehold mining claims, and 144 unpatented mining claims covering an area of approximately 4,800 hectares located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, Canada. The company was incorporated in 2019 and is based in Matheson, Canada.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is MAYFAIR GOLD CORP. (MINE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MAYFAIR GOLD CORP. 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 MAYFAIR GOLD CORP.'s debt ratio?
MAYFAIR GOLD CORP.'s debt ratio is 0.0% 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 0.0%.
What are MAYFAIR GOLD CORP.'s key financial metrics?
MAYFAIR GOLD CORP. has a market capitalization of $205M. Return on equity stands at -22.3%.
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.