Desoto Resources Ltd DES.AX
AUD0.12
Last Updated: Oct 05, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
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Is Desoto Resources Ltd Stock Halal?
Shariah Compliance Analysis of DES.AX Stock
Australia Materials Nano Cap No. As of October 2026, Desoto Resources Ltd (DES.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Desoto Resources Ltd does not pass Musaffa's business and financial screening criteria.
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.
DES.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Desoto Resources Ltd is classified as not halal.
NOT HALALDesoto Resources Ltd (DES.AX) Chart
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Financial Metrics & Statements of Desoto Resources Ltd (DES.AX)
FAQ's for Desoto Resources Ltd (DES.AX)
- As of October 2026, Desoto Resources Ltd DES.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 Desoto Resources Ltd using these criteria to determine its compliance status.
- 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.
- 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.
- The Shariah compliance status of Desoto Resources 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 Desoto Resources Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Desoto Resources Ltd (DES.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
