Is Australian Silica Quartz Group Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Australian Silica Quartz Group Ltd (ASQ.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 Australian Silica Quartz Group 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 Australian Silica Quartz Group Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Australian Silica Quartz Group Ltd?

Muslim investors may consider investing in Australian Silica Quartz Group 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 Australian Silica Quartz Group Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Australian Silica Quartz Group 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 Australian Silica Quartz Group Ltd updated?

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

Can a halal stock like Australian Silica Quartz Group 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 Australian Silica Quartz Group Ltd?

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

ASQ.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Australian Silica Quartz Group Ltd. Stock Analysis ASQ.AX

Australia Materials Nano Cap Report: Q2, 2025

Australian Silica Quartz Group Ltd. engages in the acquisition, exploration, and development of bauxite, alumina, and aluminum ores. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2007-10-22. The firm holds a number of hard rock quartz and high-grade silica sand projects in various stages of development. These include the hard rock quartz projects Mt Eliza (Quartz Hill), Pandanus Creek (White Springs) and Douglas Range in Queensland, Seabrook in Western Australia and the silica sand projects in Gingin, and Albany in Western Australia. The Mount Eliza HPQ project is located on EPM 26702, covering an area of 63 square kilometers (km2), immediately north of Mount Surprise and 280 kilometers (km) northwest of Townsville in Far North Queensland. The Pandanus Creek HPQ project is located on EPM 26727, 30 km east of Georgetown and 320 km northwest of Townsville in Far North Queensland. The Douglas Range Project is covered by EPM 26741 with an area of approximately 81 km2 and is located 10 km southwest of Mount Surprise and 280 km northwest of Townsville in Far North Queensland.

Key Statistics of Australian Silica Quartz Group Ltd (ASQ.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

34.75K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

6.92M

Avg. Volume

71.44K

Dividend Yield

Financial Metrics & Statements of Australian Silica Quartz Group Ltd (ASQ.AX)

FAQ's for Australian Silica Quartz Group Ltd (ASQ.AX)

According to Musaffa’s Shariah screening methodology, Australian Silica Quartz Group Ltd (ASQ.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.