Is Cokal Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Cokal Ltd (CKA.AX) is currently classified as NOT HALAL as of March 2026. 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 Cokal 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 Cokal Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Cokal Ltd?

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

Musaffa determines the Shariah status of Cokal 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 Cokal Ltd updated?

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

Can a halal stock like Cokal 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 Cokal Ltd?

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

CKA.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 26, 2026

Report Source: 2026 2nd Quarter Report

Analyst's Ratings for Cokal Ltd (CKA.AX)

Based on 5 analysts giving stock ratings to Cokal Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Cokal Ltd. Stock Analysis CKA.AX

Australia Materials Nano Cap Report: Q2, 2026

Cokal Ltd. engages in the identification and development of coal. The company is headquartered in Sydney, New South Wales. The company went IPO on 2000-04-17. The firm is focused on the identification and development of coal projects within the highly prospective Central Kalimantan coking coal basin in Indonesia. Its projects include Bumi Barito Mineral (BBM), Tambang Benua Alam Raya (TBAR), Borneo Bara Prima (BBP), and Anugerah Alam Katingan (AAK). The company owns 60% of the Bumi Barito Mineral (BBM) project located in the Central Kalimantan Province of Indonesia with multiple seams of metallurgical coal. The permit covers an area of over 14,980 hectares (ha) within the highly prospective Central Kalimantan coking coal basin, adjacent to Indomet’s extensive coking coal tenements. The BBP project is located in the North Barito Basin and covers over 13,050 ha. BBP is directly adjacent to the Maruwai Coal Project, which hosts the Lampunut coking coal deposit in the Batu Ayau Formation. The firm's AAK project is located in the North Barito Basin.

Key Statistics of Cokal Ltd (CKA.AX)

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

Today's Range

AUD0.05AUD0.05

Today's Open

AUD0.05

Volume

364.42K

P/E Ratio (TTM)

52 Week Range

AUD0.03AUD0.09

Market Cap

53.95M

Avg. Volume

55.43K

Dividend Yield

Financial Metrics & Statements of Cokal Ltd (CKA.AX)

FAQ's for Cokal Ltd (CKA.AX)

According to Musaffa’s Shariah screening methodology, Cokal Ltd (CKA.AX) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.