Is Far Northern Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Far Northern Resources Ltd (FNR.AX) is currently classified as NOT HALAL as of April 2024. 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 Far Northern 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 Far Northern Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Far Northern Resources Ltd?

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

Musaffa determines the Shariah status of Far Northern 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 Far Northern Resources Ltd updated?

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

Can a halal stock like Far Northern 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 Far Northern Resources Ltd?

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

FNR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 29, 2024

Report Source: 2023 Annual Report

Far Northern Resources Ltd. Stock Analysis FNR.AX

Australia Materials Nano Cap Report: 2023 Annual

Far Northern Resources Ltd. operates as an exploration company. The company is headquartered in Fortitude Valley, Queensland. The company went IPO on 2024-04-12. The firm operates on three projects across North Queensland and the Northern Territory, namely Bridge Creek, Empire, and Rocks Reef. The two tier one projects, Empire and Bridge Creek, are significantly advanced and sit on mining leases. They are drill ready and in the case Empire and Bridge Creek hold Jorc Compliant Resources. The third project, Rock Reef, has highlighted four targets along over 20 kilometers (km) northeast structural trend emanating from caldera in the southwest. The Bridge Creek Project comprises three granted mining leases situated within the Pine Creek Geosyncline. The project is situated in the historical mining area of Cosmos Howley - Pine Creek area with gold previously being produced from the project area. The Empire Project on granted Mining Lease 20380 is located over 34 km west of Chillagoe. The Rocks Reef Project is located 52 km west of Chillagoe.

Key Statistics of Far Northern Resources Ltd (FNR.AX)

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

Today's Range

AUD0.15AUD0.15

Today's Open

AUD0.15

Volume

2.00

P/E Ratio (TTM)

52 Week Range

AUD0.11AUD0.21

Market Cap

11.79M

Avg. Volume

9538.67

Dividend Yield

Financial Metrics & Statements of Far Northern Resources Ltd (FNR.AX)

FAQ's for Far Northern Resources Ltd (FNR.AX)

According to Musaffa’s Shariah screening methodology, Far Northern Resources Ltd (FNR.AX) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.