Is C29 Metals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, C29 Metals Ltd (C29.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 C29 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 C29 Metals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of C29 Metals Ltd?

Muslim investors may consider investing in C29 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 C29 Metals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of C29 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 C29 Metals Ltd updated?

The Shariah compliance status of C29 Metals Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like C29 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 C29 Metals Ltd?

You can check the latest Shariah compliance status of C29 Metals Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

C29.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

C29 Metals Ltd. Stock Analysis C29.AX

Australia Materials Nano Cap Report: Q2, 2025

C29 Metals Ltd. is a mineral exploration company, which engages in identifying, exploring, and developing prospective copper, gold, and base metal assets. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2021-11-03. The Company’s Ulytau Uranium Project is located near Lake Balkhash in South Kazakhstan and situated over 15 kilometers (km) south of Bota-Burum mine. Its Sampson’s Tank project is over 130 km north-west (NW) by road of Parkes and 20 km NW of Tottenham, New South Wales, located in the Lachlan Fold Belt. Its Reedy Creek Project is located in the Lachlan Fold Belt, within the Lachlan Transverse Zone (LTZ) and is over 60 km west by road of Orange, in Central West New South Wales, Australia. Its Mayfield Project is located approximately 150 km south-east of Mount Isa within the Mary Kathleen Zone of the Eastern Succession. The Torrens Project tenement resides within the Olympic dam of iron oxide copper gold (uranium) (IOCG) province of the Stuart Shelf in central South Australia.

Key Statistics of C29 Metals Ltd (C29.AX)

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

Today's Range

AUD0.03AUD0.03

Today's Open

AUD0.03

Volume

154.88K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.04

Market Cap

5.05M

Avg. Volume

105.70K

Dividend Yield

Financial Metrics & Statements of C29 Metals Ltd (C29.AX)

FAQ's for C29 Metals Ltd (C29.AX)

According to Musaffa’s Shariah screening methodology, C29 Metals Ltd (C29.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.