Is Cannindah Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Cannindah Resources Ltd (CAE.AX) is currently classified as NOT HALAL as of April 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 Cannindah Resources 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 Cannindah Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Cannindah Resources Ltd?

Muslim investors may consider investing in Cannindah Resources 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 Cannindah Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Cannindah Resources 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 Cannindah Resources Ltd updated?

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

Can a halal stock like Cannindah Resources 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 Cannindah Resources Ltd?

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

CAE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 16, 2025

Report Source: 2025 2nd Quarter Report

Cannindah Resources Ltd. Stock Analysis CAE.AX

Australia Materials Nano Cap Report: Q2, 2025

Cannindah Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2000-12-13. The firm is focused on copper and gold mineral exploration, evaluation, and progressing various mineral projects. The firm's projects include the Mt Cannindah Project and the Piccadilly Project. The Mt Cannindah Project is a gold and copper mining project which is located approximately 100 kilometers (km) south of Gladstone, Queensland. The Mt Cannindah Project represents a large (greater than nine square kilometers) high level porphyry-style Cu-Mo-Au mineralized system. The Piccadilly project consists of one mining lease (ML1442) and two EPMs (16198 and 18322). The Piccadilly Project is a gold mining project which is located approximately 60 km north of Charters Towers. The firm's subsidiaries include Mt Cannindah Mining Pty Ltd and Piccadilly Gold Mines Holding Limited.

Key Statistics of Cannindah Resources Ltd (CAE.AX)

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

Today's Range

AUD0.04AUD0.05

Today's Open

AUD0.05

Volume

2.08M

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.08

Market Cap

64.43M

Avg. Volume

340.80K

Dividend Yield

Financial Metrics & Statements of Cannindah Resources Ltd (CAE.AX)

FAQ's for Cannindah Resources Ltd (CAE.AX)

According to Musaffa’s Shariah screening methodology, Cannindah Resources Ltd (CAE.AX) is currently classified as NOT HALAL as of April 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.