Is Carnavale Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Carnavale Resources Ltd (CAV.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 Carnavale 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 Carnavale Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Carnavale Resources Ltd?

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

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

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

Can a halal stock like Carnavale 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 Carnavale Resources Ltd?

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

CAV.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Carnavale Resources Ltd. Stock Analysis CAV.AX

Australia Materials Nano Cap Report: Q2, 2025

Carnavale Resources Ltd. engages in the development and exploration of mineral properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-03-15. The company is engaged in acquiring and exploring advanced exploration and development projects. The company is focused on exploring and developing high-grade, truckable resources at the Kookynie Gold Project, of a similar size to the historic Cosmopolitan Mine that can be processed at an existing third-party nearby processing plant. The Kookynie Gold Project is located only 60 kilometers (km) south of Leonora in Western Australia. Its Grey Dam Ni-Co Project is located near Kurnalpi approximately 90 km northeast of Kalgoorlie, West Australia. The company has 80% ownership in the Ora Banda South Project, which covers an area of approximately 25 square kilometers, located 65km northwest of Kalgoorlie in Yilgarn Craton, Western Australia. The company also owns the Barracuda Ni Cu PGE Project. The company continues to evaluate new gold exploration opportunities and exploration projects associated with the electric battery sector and other new-age disruptive technologies.

Key Statistics of Carnavale Resources Ltd (CAV.AX)

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

Today's Range

AUD0.11AUD0.12

Today's Open

AUD0.12

Volume

80.00K

P/E Ratio (TTM)

52 Week Range

AUD0.04AUD0.17

Market Cap

46.93M

Avg. Volume

1.07M

Dividend Yield

Financial Metrics & Statements of Carnavale Resources Ltd (CAV.AX)

FAQ's for Carnavale Resources Ltd (CAV.AX)

According to Musaffa’s Shariah screening methodology, Carnavale Resources Ltd (CAV.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.