As of August 2026, Andrada Mining Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Andrada Mining Ltd. Stock Analysis ATMTF
United States Materials Micro Cap
Andrada Mining Ltd. engages in the exploration and development of mining. The company employs 331 full-time employees The company went IPO on 2017-11-09. The Company’s assets include Uis Mine, Lithium Ridge, Brandberg West, and others. The flagship Uis tin mine is scalable, tin and tantalum off-take agreements to supply Thailand Smelting and Refining Co. Limited (Thaisarco) and AfriMet Resources AG (Afrimet), respectively. Its Lithium Ridge (Nai-Nais) mining asset is within about 133 mining area situated approximately 35 kilometers (km) southeast of the Uis Mine, along the D1903 road linking to the B2 highway. This license area is situated within the NaiNais-Kohero pegmatite belt. The Lithium Ridge is approximately 3300-hectare (ha) licensed area. Its Brandberg West mining asset is a largely under-explored licensed area of approximately 35 000 ha in Namibia's Erongo region. Brandberg West mine is a producer of tin and tungsten.
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Financial Metrics & Statements of Andrada Mining Ltd (ATMTF)
FAQ's for Andrada Mining Ltd (ATMTF)
As of August 2026, Andrada Mining Ltd ATMTF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Andrada Mining Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Andrada Mining 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.
Musaffa determines the Shariah status of Andrada Mining Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Andrada Mining Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Andrada Mining Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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