Ballard Mining Ltd BM1.AX
AUD0.62 AUD0.04 (5.34%) 1D
Last Updated: Oct 13, 12:00 AM·ASX
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Is Ballard Mining Ltd Stock Halal?
Shariah Compliance Analysis of BM1.AX Stock
Australia Materials Micro Cap No. As of October 2026, Ballard Mining Ltd (BM1.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Ballard Mining Ltd does not pass Musaffa's business and financial screening criteria.
Ballard Mining Ltd. engages in the provision of mining exploration services. The firm is engaged in developing the Mt Ida Gold Project in Western Australia. The gold asset covers 1,518 square kilometers of rights to explore for gold at the Mt Ida Project, which is located approximately 100 kilometers (km) northwest of Menzies in the Goldfields region of Western Australia. The gold asset resides on six granted mining leases and is approved for open pit and underground mining at Baldock, which hosts the majority of the high-grade gold mineral resource at the Mt Ida Project. The gold asset is located in central Western Australia within the Goldfields-Esperance region, located approximately 540 km northeast of Perth, 200 km northwest of Kalgoorlie-Boulder and approximately 100 km northwest of Menzies. The gold asset comprises deposits, including Baldock deposit, Kestrel deposit, West Knell deposit, Bombay deposit, Golden Vale deposit, and Jupiter deposit.
BM1.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Ballard Mining Ltd is classified as not halal.
NOT HALALBallard Mining Ltd (BM1.AX) Chart
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Financial Metrics & Statements of Ballard Mining Ltd (BM1.AX)
FAQ's for Ballard Mining Ltd (BM1.AX)
- As of October 2026, Ballard Mining Ltd BM1.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 Ballard Mining Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Ballard 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 Ballard 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 Ballard 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 Ballard Mining 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 Ballard Mining Ltd (BM1.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
