First Development Resources PLC FDR.L
GBX1.65
Last Updated: Oct 12, 12:00 AM·LSE
Pricing for GB stocks is delayed by 24 hours
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Is First Development Resources PLC Stock Halal?
Shariah Compliance Analysis of FDR.L Stock
United Kingdom Materials Nano Cap No. As of October 2026, First Development Resources PLC (FDR.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Development Resources PLC does not pass Musaffa's business and financial screening criteria.
First Development Resources Plc is an exploration and development company focused on mineral assets in Australia. Through a concerted acquisition process, the Company has assembled a prospective mineral package within established mineral fields in Australia which offer the potential for polymetallic mineralization styles. The company owns three highly prospective copper-gold projects, namely Wallal, Ripon Hills, and Braeside West in the Paterson Province of mining-friendly Western Australia. In the Northern Territory, the Company has 100% ownership of the Selta Project. Selta is located in an area considered highly prospective for uranium and rare-earth element mineralization.
FDR.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, First Development Resources PLC is classified as not halal.
NOT HALALFirst Development Resources PLC (FDR.L) Chart
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Financial Metrics & Statements of First Development Resources PLC (FDR.L)
FAQ's for First Development Resources PLC (FDR.L)
- As of October 2026, First Development Resources PLC FDR.L 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 First Development Resources PLC using these criteria to determine its compliance status.
- Muslim investors may consider investing in First Development Resources PLC 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 First Development Resources PLC 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 First Development Resources PLC 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 First Development Resources PLC 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 First Development Resources PLC (FDR.L)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
