No. As of October 2026, Flynn Gold Ltd (FG1.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Flynn Gold Ltd does not pass Musaffa's business and financial screening criteria.
Flynn Gold Ltd. is a mineral exploration company, which engages in gold exploration in Tasmania and Western Australia. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-06-17. The firm has a portfolio of 100% owned exploration projects in Tasmania and Western Australia (WA). The company has ten 100% owned tenements located in northeast Tasmania which are highly prospective for gold as well as tin/tungsten. The company also has the Henty zinc-lead-silver project on Tasmania’s mineral-rich west coast and the Firetower gold and critical metals project located in northern Tasmania. The company has a portfolio of gold-lithium exploration assets in the Pilbara region of Western Australia. In addition to its flagship Golden Ridge Project, the Company holds the Warrentinna (Gorge Creek) Gold/Tungsten Project in north-eastern Tasmania, and the Firetower Tungsten/Gold Project and Henty Silver-Lead Project in north-western Tasmania. The firm has two projects in the Pilbara – the Mt Dove Gold-Lithium Project and the Yarrie Project located in the east and south of Port Hedland.
Flynn Gold Ltd FG1.AX
AUD0.01 AUD0.00 (7.69%) 1D
Last Updated: Oct 05, 12:00 AM·ASX
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FG1.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Flynn Gold Ltd is classified as not halal.
NOT HALAL
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FAQ's for Flynn Gold Ltd (FG1.AX)
As of October 2026, Flynn Gold Ltd FG1.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 Flynn Gold Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Flynn Gold 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 Flynn Gold 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 Flynn Gold 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 Flynn Gold Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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