Is Citigold Corporation Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Citigold Corporation Ltd (CTO.AX) is currently classified as NOT HALAL as of July 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 Citigold Corporation 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 Citigold Corporation Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Citigold Corporation Ltd?

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

Musaffa determines the Shariah status of Citigold Corporation 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 Citigold Corporation Ltd updated?

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

Can a halal stock like Citigold Corporation 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 Citigold Corporation Ltd?

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

CTO.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Citigold Corporation Ltd. Stock Analysis CTO.AX

Australia Materials Nano Cap Report: Q2, 2025

Citigold Corp. Ltd. engages in the exploration, development, and mining of gold ores. The company is headquartered in Fortitude Valley, Queensland. The Company’s prime focus is on the Charters Towers Gold Project, which comprises an approximately 14-million-ounce gold deposit, with an inferred mineral resource of approximately 32 million tons at 14 grams per ton gold and 620,000 ounces of gold in the probable ore reserve. The Charters Towers goldfield located surrounding the town of Charters Towers in north-eastern Queensland, Australia. The Charters Towers gold mines are situated approximately 128 kilometers from the coastal City of Townsville, and have port, rail, road, and air connections. Its mineral exploration and production tenure covers approximately 17,500 hectares. The firm also engaged in acquiring, exploring, and maintaining mineral rights and titles.

Key Statistics of Citigold Corporation Ltd (CTO.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

2.22M

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.02

Market Cap

51.00M

Avg. Volume

622.59K

Dividend Yield

Financial Metrics & Statements of Citigold Corporation Ltd (CTO.AX)

FAQ's for Citigold Corporation Ltd (CTO.AX)

According to Musaffa’s Shariah screening methodology, Citigold Corporation Ltd (CTO.AX) is currently classified as NOT HALAL as of July 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.