No. As of October 2026, Cosmo Metals Ltd (CMO.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Cosmo Metals Ltd does not pass Musaffa's business and financial screening criteria.
Cosmo Metals Ltd. engages in the mineral exploration business. The firm owns the underexplored and highly prospective Bingara and Nundle gold-antimony and copper projects, which cover an area of approximately 743 square kilometers in the New England Orogen of northern NSW. The Bingara and Nundle Projects represent large, camp-scale exploration opportunities. The firm is also advancing work on the Kanowna Gold Project (KGP), located about 13 kilometers (km) north of Kalgoorlie and adjacent to the 7moz Au Kanowna Belle gold mine. The company also owns the advanced Yamarna Project in the Eastern Goldfields region, which contains significant intrusive-hosted base metal mineralisation, including the Mt Venn Cu-Ni-Co deposit. The Yamarna Project, approximately 130 km east of Laverton in Western Australia, includes the Mt Venn deposit, the Minjina discovery (Zn-Pb-Cu-Ag) and the Eastern Mafic prospect (Cu-Ni-PGE).
Cosmo Metals Ltd CMO.AX
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Last Updated: Oct 14, 12:00 AM·ASX
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CMO.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Cosmo Metals Ltd is classified as not halal.
NOT HALAL
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FAQ's for Cosmo Metals Ltd (CMO.AX)
As of October 2026, Cosmo Metals Ltd CMO.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 Cosmo Metals Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Cosmo Metals 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 Cosmo Metals 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 Cosmo Metals 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 Cosmo Metals 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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