Is Comet Ridge Ltd halal to invest in?

As of July 2026, Comet Ridge Ltd COI.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.

Is Comet Ridge 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 Comet Ridge Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Comet Ridge Ltd?

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

Musaffa determines the Shariah status of Comet Ridge 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 Comet Ridge Ltd updated?

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

Can a halal stock like Comet Ridge 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 Comet Ridge Ltd?

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

Comet Ridge Ltd COI.AX

Last Updated: Jul 20, 12:00 AM·ASX

COI.AX Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Comet Ridge Ltd is classified as not halal.

NOT HALAL

Report Source: 2025 Annual Report

Comet Ridge Ltd. Stock Analysis COI.AX

Australia Energy Micro Cap Report: 2025 Annual

Comet Ridge Ltd. engages in the exploration, appraisal, and development of oil and gas. The company has tenement interests and a suite of prospective projects in Queensland. The Company’s flagship gas project comprises the Mahalo Gas Hub assets located in central Queensland, 240 kilometers to the gas demand center of Gladstone. The Mahalo Gas Hub assets comprise the Mahalo JV Gas Project, which is an appraised coal seam gas project with certified gas reserves and petroleum leases, and the Northern Mahalo Projects, which comprise Mahalo North, Mahalo East, and Mahalo Far East. The company holds an acreage position of 4,742 square kilometers (km2) in the eastern part of the Galilee Basin. The Galilee Project has various prospects, including ATP 743, ATP 744, and ATP 1015. Its Mahalo North includes a project area of 360 km2. Its Mahalo East includes a project area of approximately 97 km2. Mahalo Far East includes a project area of 404 km2.

Key Statistics of Comet Ridge Ltd (COI.AX)

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

Today's Range

AUD0.09AUD0.09

Today's Open

AUD0.09

Volume

2.46M

P/E Ratio (TTM)

52 Week Range

AUD0.08AUD0.18

Market Cap

139.02M

Avg. Volume

227.92K

Dividend Yield

Financial Metrics & Statements of Comet Ridge Ltd (COI.AX)

Super Investors Invested in Comet Ridge Ltd (COI.AX)

FAQ's for Comet Ridge Ltd (COI.AX)

As of July 2026, Comet Ridge Ltd COI.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 Comet Ridge Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Comet Ridge 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 Comet Ridge 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 Comet Ridge 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 Comet Ridge Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.