Is Altair Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Altair Minerals Ltd (ALR.AX) is currently classified as NOT HALAL as of October 2025. 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 Altair Minerals 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 Altair Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Altair Minerals Ltd?

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

Musaffa determines the Shariah status of Altair Minerals 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 Altair Minerals Ltd updated?

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

Can a halal stock like Altair Minerals 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 Altair Minerals Ltd?

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

ALR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 23, 2025

Report Source: 2025 Annual Report

Altair Minerals Ltd. Stock Analysis ALR.AX

Australia Materials Micro Cap Report: 2025 Annual

Altair Minerals Ltd. operates as an exploration company. The company is headquartered in Melbourne, Victoria. The company went IPO on 2011-06-10. Its principal activity is exploration of natural resources, including metals, precious metals, lithium, cobalt and minerals. The company has projects located in South Australia, Western Australia and Queensland with a focus on its Olympic Domain tenements located in South Australia. Its project includes Olympic Domain, Wee Macgregor, Pyramid Lake, and Greater Oko. The company holds a tenement package Gawler Craton comprising eight exploration licenses covering 831 square kilometers (km2) in the Horse Well (Pernatty B), Pernatty C and Andamooka-Peninsula (Lake Torrens) areas. The Wee Macgregor group comprises three granted mining licenses, located over 60km southeast of Mt Isa, Queensland. Pyramid Lake is the Company’s Gypsum Project located 115km northwest of Esperance in Western Australia.

Key Statistics of Altair Minerals Ltd (ALR.AX)

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

Today's Range

AUD0.04AUD0.04

Today's Open

AUD0.04

Volume

13.18M

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.06

Market Cap

267.57M

Avg. Volume

5.20M

Dividend Yield

Financial Metrics & Statements of Altair Minerals Ltd (ALR.AX)

FAQ's for Altair Minerals Ltd (ALR.AX)

According to Musaffa’s Shariah screening methodology, Altair Minerals Ltd (ALR.AX) is currently classified as NOT HALAL as of October 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.