CAMECO CORP (CCO.TO) - Halal (Shariah-Compliant)
CAMECO CORP (CCO.TO) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Energy
- Industry
- Uranium
- Result
- Pass
- Reason
- The sector "Energy" and industry "Uranium" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 1.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.6% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.62%.Based on the company's financial statements, approximately 0.62% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.62% of total income). Some scholars may differ on the exact calculation method.
About CAMECO CORP
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
Frequently Asked Questions
Is CAMECO CORP (CCO.TO) stock halal to invest in?
According to AAOIFI Shariah screening standards, CAMECO CORP (CCO.TO) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.