Is Carnaby Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Carnaby Resources Ltd (CNB.AX) is currently classified as NOT HALAL as of October 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 Carnaby 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 Carnaby Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Carnaby Resources Ltd?

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

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

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

Can a halal stock like Carnaby 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 Carnaby Resources Ltd?

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

CNB.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 23, 2025

Report Source: 2025 Annual Report

Carnaby Resources Ltd. Stock Analysis CNB.AX

Australia Materials Micro Cap Report: 2025 Annual

Carnaby Resources Ltd. engages in the exploration of mineral properties. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2016-08-30. The firm is focused on copper and gold projects in the Mount Isa Inlier of Queensland and the Pilbara’s Mallina Basin and Yilgarn Margin of Western Australia. Its flagship Greater Duchess Copper Gold Project is located approximately 70km southeast of Mount Isa in Queensland and centered around the historical Duchess copper mining district. The Greater Duchess Copper Gold project encompasses 1,921 square kilometers (km2) of Iron Oxide Copper-Gold (IOCG) prospective tenure, including its Mount Hope, Nil Desperandum and Lady Fanny deposits. The Company’s Pilbara Gold and Lithium Projects comprise the Strelley, Mt Grant and Goldsworthy Gold Projects and the Big Hill Lithium Project. Each of these projects are located in the prospective Mallina Basin of Western Australia, northeast of the Hemi gold deposit of De Grey Mining Ltd. Its Yilgarn Margin Projects comprise the Malmac and Throssel Projects.

Key Statistics of Carnaby Resources Ltd (CNB.AX)

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

Today's Range

AUD0.58AUD0.63

Today's Open

AUD0.62

Volume

1.18M

P/E Ratio (TTM)

52 Week Range

AUD0.28AUD0.65

Market Cap

125.63M

Avg. Volume

75.71K

Dividend Yield

Financial Metrics & Statements of Carnaby Resources Ltd (CNB.AX)

FAQ's for Carnaby Resources Ltd (CNB.AX)

According to Musaffa’s Shariah screening methodology, Carnaby Resources Ltd (CNB.AX) is currently classified as NOT HALAL as of October 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.