Is Eastern Resources Ltd halal to invest in?

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

Can Muslims buy shares of Eastern Resources Ltd?

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

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

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

Can a halal stock like Eastern 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 Eastern Resources Ltd?

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

EFE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Eastern Resources Ltd. Stock Analysis EFE.AX

Australia Materials Nano Cap Report: Q2, 2025

Eastern Resources Ltd. engages in the exploration and delineation of iron ore, precious and base metals resources in Australia and Asia Pacific region. The firm is engaged in the exploration for and delineation of battery minerals, iron ore, precious and base metals resources in the Australia/Asia Pacific region. Its projects include Nowa Nowa Iron, Nowa Nowa Copper, Trigg Hill Lithium, Taylor Lookout Lithium, Lepidolite Hill Lithium, Yalgoo West and Lake Johnston. The Nowa Nowa Iron Project (Five Mile Deposit) is located approximately seven kilometers (km) north of the township of Nowa Nowa, Victoria and is some 320 km by road east of Melbourne and approximately 234 km by road west of the Port of Eden. The Nowa Nowa Copper Project tenement (EL 006183) is located in Eastern Victoria, over 270 km east of Melbourne and eight km north of the township of Nowa Nowa. The Trigg Hill Project (ELA 45/5728) is located in East Pilbara, Western Australia and approximately 75 km south east of Pilgangoora Lithium mine and 77km south east of the Wodgina Lithium and Tantum mine.

Key Statistics of Eastern Resources Ltd (EFE.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

5705.00

P/E Ratio (TTM)

52 Week Range

AUD0.03AUD0.06

Market Cap

4.28M

Avg. Volume

35.93K

Dividend Yield

Financial Metrics & Statements of Eastern Resources Ltd (EFE.AX)

FAQ's for Eastern Resources Ltd (EFE.AX)

According to Musaffa’s Shariah screening methodology, Eastern Resources Ltd (EFE.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.