No. As of October 2026, Critical Minerals Group Ltd (CMG.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Critical Minerals Group Ltd does not pass Musaffa's business and financial screening criteria.
Critical Minerals Group Ltd. engages in the provision of exploration and development of critical minerals projects for the renewable energy transition including de-carbonization and electrification. The company is headquartered in Brisbane, Queensland. The company went IPO on 2022-09-27. Its flagship project is the Lindfield project located over 30 kilometers (km) east of Julia Creek in North-West Queensland. The Lindfield Project consists of 92 sub-blocks, covering 295 square kilometers (km2). The Whinmoor Project consists of 100 sub-blocks covering 320 km2 and is located 60 km north of Julia Creek. The Lara Downs and Lindfield North Project are both located within 70 km (north) of Julia Creek, with the Lindfield North Project adjoining the existing Lindfield Project and the Lara Downs Project within 35 km of the Lindfield Project. The Lindfield North project consists of 36 sub-blocks covering 115 km2. The Lara Downs project consists of 118 sub-blocks covering 378km2. Its Figtree Creek Project is over 70km2 and located 5 km south of Cloncurry. Its Lorena Surrounds Project is over 51 km2 in three discrete parcels, located 15 km east of Cloncurry.
Critical Minerals Group Ltd CMG.AX
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CMG.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Critical Minerals Group Ltd is classified as not halal.
NOT HALAL
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FAQ's for Critical Minerals Group Ltd (CMG.AX)
As of October 2026, Critical Minerals Group Ltd CMG.AX 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 Critical Minerals Group Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Critical Minerals Group 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 Critical Minerals Group 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 Critical Minerals Group 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 Critical Minerals Group 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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