Is Forrestania Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Forrestania Resources Ltd (FRS.AX) is currently classified as DOUBTFUL as of April 2026. 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 Forrestania 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 Forrestania Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Forrestania Resources Ltd?

Muslim investors may consider investing in Forrestania 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 Forrestania Resources Ltd classified as DOUBTFUL?

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

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

Can a halal stock like Forrestania 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 Forrestania Resources Ltd?

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

FRS.AX Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: April 24, 2026

Report Source: 2026 2nd Quarter Report

Forrestania Resources Ltd. Stock Analysis FRS.AX

Australia Materials Small Cap Report: Q2, 2026

Forrestania Resources Ltd. engages in exploration of mineral tenements in Western Australia. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2021-09-30. The Company’s prospective projects are strategically positioned near operating gold mines. Its projects include Forrestania, Westonia, Southern Cross, Bonnie Vale, and Eastern Goldfields, Karonie Gold Project, Lake Rebecca Project, British Hill Project, Coolgardie and Menzies, Mt Dimer, Eastern Goldfields and others. Its Forrestania project is located in the Archaean Forrestania Greenstone Belt of Western Australia, approximately 80 km east of Hyden. Its Westonia gold project is located at Westonia in the Southern Cross region, WA. The Burracoppin gold project includes around seven exploration licenses and one exploration license application. Its Southern Cross tenements gold project is located in and around the Golden Horse tenements, immediately adjacent to Hopes Hill and consists of around five tenements.

Key Statistics of Forrestania Resources Ltd (FRS.AX)

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

Today's Range

AUD0.52AUD0.61

Today's Open

AUD0.54

Volume

7.75M

P/E Ratio (TTM)

52 Week Range

AUD0.04AUD0.73

Market Cap

643.62M

Avg. Volume

409.55K

Dividend Yield

Financial Metrics & Statements of Forrestania Resources Ltd (FRS.AX)

FAQ's for Forrestania Resources Ltd (FRS.AX)

According to Musaffa’s Shariah screening methodology, Forrestania Resources Ltd (FRS.AX) is currently classified as DOUBTFUL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.