Is GRML halal?
Greenland Mines Ltd
Halal
Greenland Mines Ltd passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
6.96
Day
+7.24%
Market cap
$82.8M
Industry
Other Precious Metals & Mining
Sector
Basic Materials
What the company does
Greenland Mines (formerly Klotho Neurosciences, renamed March 2026) explores the Skaergaard (gold/palladium/platinum) and Sarfartoq (rare-earth) projects in Greenland, while keeping a legacy gene-therapy unit. No revenue — exploration stage.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $298K ÷ current market cap $82.75M = 0.4%
0.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $13.03M ÷ current market cap $82.75M = 15.7%
15.7%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #1215 of 1455
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Other Precious Metals & Mining — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.