No. As of September 2026, Central Iron Ore Ltd (CIO.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Central Iron Ore Ltd does not pass Musaffa's business and financial screening criteria.
Central Iron Ore Ltd. engages in the provision of exploration and development of gold projects. The company is headquartered in Sydney, New South Wales. The firm is mainly focused on exploration in the Darlot Region of Western Australia, within 10 kilometers from the Red 5 Darlot Mine. The firm's projects include South Darlot Gold Project, British King Mine and Red 5 Joint Venture. The Red 5 Joint Venture project’s 20-hole drill program, which included approximately 17 reverse circulations for 706 meters and three diamond core holes for 141 meters include a suite of narrow vein, high gold grades of up to 124.4 grams per ton. The British King Gold Mine is approximately five kilometers south-west from the Darlot Mine. The Company’s South Darlot Gold Project area is located approximately 320 km northwest of Kalgoorlie in Western Australia and includes British King Mine. Its tenement holdings cover an area of approximately 324 square kilometers.
Central Iron Ore Ltd CIO.NE
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Last Updated: Sep 25, 12:00 AM·NEO
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CIO.NE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Central Iron Ore Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Central Iron Ore Ltd (CIO.NE)
FAQ's for Central Iron Ore Ltd (CIO.NE)
As of September 2026, Central Iron Ore Ltd CIO.NE 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 Central Iron Ore Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Central Iron Ore 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 Central Iron Ore 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 Central Iron Ore 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 Central Iron Ore Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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