Is Desoto Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Desoto Resources Ltd (DES.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 Desoto 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 Desoto Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Desoto Resources Ltd?

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

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

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

Can a halal stock like Desoto 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 Desoto Resources Ltd?

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

DES.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Desoto Resources Ltd. Stock Analysis DES.AX

Australia Materials Nano Cap Report: Q2, 2025

Desoto Resources Ltd. operates as an exploration company. The Company’s projects include Fenix Lithium Gold Project, Fenton Gold Project, and Spectrum rare earth elements (REE) Project. Fenix Lithium Gold Project has over 345 square kilometers of land position in a prolific mineral region. The Fenix Lithium Gold Project has three 100%-owned and granted tenements located within the Pine Creek Pegmatite Field. The Fenton Gold Project has three 100%-owned and granted tenements and three 100%-owned applications. The Spectrum REE Project includes Quantum REE-Au-Ag Prospect and Vesper Base-Metals Prospect. Vesper Base-Metals Prospect is located 1.5 kilometers (km) from Quantum REE Prospect. Its Siguiri projects include Dadjan, Koba, Kassa Est, Mini, Yarakoura, Doutila, Moussaya, Dabidiana, Falama, Moiko, Alamakono, among others.

Key Statistics of Desoto Resources Ltd (DES.AX)

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

Today's Range

AUD0.13AUD0.13

Today's Open

AUD0.13

Volume

229.91K

P/E Ratio (TTM)

52 Week Range

AUD0.12AUD0.26

Market Cap

40.13M

Avg. Volume

182.13K

Dividend Yield

Financial Metrics & Statements of Desoto Resources Ltd (DES.AX)

FAQ's for Desoto Resources Ltd (DES.AX)

According to Musaffa’s Shariah screening methodology, Desoto Resources Ltd (DES.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.