Is Anax Metals Ltd halal to invest in?

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

Can Muslims buy shares of Anax Metals Ltd?

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

Musaffa determines the Shariah status of Anax Metals 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 Anax Metals Ltd updated?

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

Can a halal stock like Anax Metals 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 Anax Metals Ltd?

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

ANX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Anax Metals Ltd. Stock Analysis ANX.AX

Australia Materials Nano Cap Report: Q2, 2025

Anax Metals Ltd. engages in the exploration and development of mineral properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2004-06-15. The principal activities of the Company are mineral exploration and assessing and acquiring either directly or indirectly exploration and mine development projects. The Company’s project includes Whim Creek project, Mount Short project, and Loudens Patch project. The Whim Creek Copper-Zinc-Lead project is located approximately 120 kilometers (km) south-west of Port Hedland in the Central Pilbara Region of Western Australia. Within the project are four main prospects, namely Whim Creek, Mons Cupri, Salt Creek, Evely. The Mount Short tenement E74/651 secures a 50 square kilometers (km2) area of Ravensthorpe Greenstone Belt for volcanogenic massive sulfides (VMS), nickel massive sulfides and gold mineralization. The Loudens Patch tenement E47/4281, is located adjacent and to the east of the Whim Creek Project and is prospective for gold and lithium.

Key Statistics of Anax Metals Ltd (ANX.AX)

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

Today's Range

AUD0.03AUD0.04

Today's Open

AUD0.04

Volume

2.22M

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.04

Market Cap

39.83M

Avg. Volume

287.27K

Dividend Yield

Financial Metrics & Statements of Anax Metals Ltd (ANX.AX)

FAQ's for Anax Metals Ltd (ANX.AX)

According to Musaffa’s Shariah screening methodology, Anax Metals Ltd (ANX.AX) is currently classified as NOT HALAL as of July 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.