Advance Metals Ltd AVM.AX
AUD0.05 AUD0.01 (12.50%) 1D
Last Updated: Oct 16, 12:00 AM·ASX
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Is Advance Metals Ltd Stock Halal?
Shariah Compliance Analysis of AVM.AX Stock
Australia Materials Nano Cap No. As of October 2026, Advance Metals Ltd (AVM.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Advance Metals Ltd does not pass Musaffa's business and financial screening criteria.
Advance Metals Ltd. engages in the business of investing in renewable energy and coal exploration. The company is headquartered in Sydney, New South Wales. The company went IPO on 2007-12-20. The firm has 100% ownership of the Augustus Project and the Yoquivo Silver Project. The Yoquivo Project is a silver-gold exploration project located in the Ocampo district of Chihuahua, Mexico. The Augustus Project is a copper-gold advanced exploration and development project located in Yavapai County, Arizona, United States. The company also has the option to acquire an approximately 80% interest in the Myrtleford and Beaufort Gold Projects, located in the Victorian Goldfields, Australia and to acquire a 100% interest in the Gavilanes Silver Project in Durango, Mexico and a 100% ownership of the Guadalupe y Calvo gold-silver project in Chihuahua, Mexico. Additionally, through its controlled entity Pacific American Coal Canada Limited, the Company possesses coal exploration licenses in the coking coal regions of Kootenay, British Columbia.
AVM.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Advance Metals Ltd is classified as not halal.
NOT HALALAdvance Metals Ltd (AVM.AX) Chart
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Financial Metrics & Statements of Advance Metals Ltd (AVM.AX)
FAQ's for Advance Metals Ltd (AVM.AX)
- As of October 2026, Advance Metals Ltd AVM.AX 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 Advance Metals Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Advance 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.
- Musaffa determines the Shariah status of Advance Metals 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 Advance Metals 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 Advance Metals Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Advance Metals Ltd (AVM.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
