Is E79 Gold Mines Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, E79 Gold Mines Ltd (E79.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 E79 Gold Mines 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 E79 Gold Mines Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of E79 Gold Mines Ltd?

Muslim investors may consider investing in E79 Gold Mines 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 E79 Gold Mines Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of E79 Gold Mines 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 E79 Gold Mines Ltd updated?

The Shariah compliance status of E79 Gold Mines Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like E79 Gold Mines 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 E79 Gold Mines Ltd?

You can check the latest Shariah compliance status of E79 Gold Mines Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

E79.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

E79 Gold Mines Ltd. Stock Analysis E79.AX

Australia Materials Nano Cap Report: Q2, 2025

E79 Gold Mines Ltd. opeates as a mineral exploration company. The company is headquartered in Nedlands, Western Australia. The company went IPO on 2013-01-12. The Laverton South Project is positioned within the Eastern Goldfields Superterrane of the Archean Yilgarn Craton, at the southern extension of the Laverton Tectonic Zone (LTZ) - a 250km-long, gold-rich structural corridor. The Mountain Home Copper-Gold Project is in the highly endowed McArthur Basin in the Northern Territory. The company has over1,366km2 of tenure within the prolific McArthur Basin, prospecting copper and gold. The Jungar Flats Gold Project is located in the North Murchison region and covers an area of around 698 km2. The Cue Gold Project is in the highly prospective Murchison Gold Province, Western Australia and covers an area of over 65 km2 in the Day Dawn Goldfield and is situated immediately south of Westgold’s renowned Great Fingall Gold Mine.

Key Statistics of E79 Gold Mines Ltd (E79.AX)

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

Today's Range

AUD0.03AUD0.03

Today's Open

AUD0.03

Volume

293.79K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.05

Market Cap

8.49M

Avg. Volume

105.46K

Dividend Yield

Financial Metrics & Statements of E79 Gold Mines Ltd (E79.AX)

FAQ's for E79 Gold Mines Ltd (E79.AX)

According to Musaffa’s Shariah screening methodology, E79 Gold Mines Ltd (E79.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.