Is Avenira Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Avenira Ltd (AEV.AX) is currently classified as NOT HALAL as of February 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 Avenira Ltd 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 Avenira Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Avenira Ltd?

Muslim investors may consider investing in Avenira Ltd 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 Avenira Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Avenira Ltd 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 Avenira Ltd updated?

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

Can a halal stock like Avenira Ltd 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 Avenira Ltd?

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

AEV.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 16, 2024

Report Source: 2023 Annual Report

Avenira Ltd. Stock Analysis AEV.AX

Australia Materials Nano Cap Report: 2023 Annual

Avenira Ltd. engages in the business of mineral exploration. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-10-10. The firm is developing the Wonarah Phosphate Project located in the Barkly region, Northern Territory, and exploring the Jundee South Project located in the north-eastern part of the Norseman Wiluna belt of the Archaean Craton in Western Australia. Wonarah Phosphate Project focuses on the development of Yellow Phosphate and aims to mine and process high-grade phosphate ore from its Tier 1, 100% owned Wonarah Phosphate Mine. The project is designed as a simple open-cut mining operation. The Jundee South Project covers operating gold projects including Jundee, Bronzewing and Darlot and contains more than a 60-kilometer strike of prospective greenstone stratigraphy. The Project area contains regional structures interpreted to control gold mineralization throughout the Yandal Greenstone Belt and contains a number of historically defined gold occurrences.

Key Statistics of Avenira Ltd (AEV.AX)

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

Today's Range

AUD0.01AUD0.01

Today's Open

AUD0.01

Volume

3.20M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.01

Market Cap

34.07M

Avg. Volume

1.34M

Dividend Yield

Financial Metrics & Statements of Avenira Ltd (AEV.AX)

FAQ's for Avenira Ltd (AEV.AX)

According to Musaffa’s Shariah screening methodology, Avenira Ltd (AEV.AX) is currently classified as NOT HALAL as of February 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.