No. As of October 2026, Fitzroy River Corp Ltd (FZR.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Fitzroy River Corp Ltd does not pass Musaffa's business and financial screening criteria.
Fitzroy River Corp. Ltd. is an oil and gas and minerals investment holding company. Its investments comprise royalty agreements centered around oil and gas production in the onshore Canning Basin in far northwestern Australia and in the Bass Strait. The company also holds several hard rock royalties in Australia and New Zealand. Its Snowy River Gold Project is located near Reefton, on the West Coast of the South Island of New Zealand. Its Bowdens Silver Project is located in New South Wales, over 26 kilometers (km) east of Mudgee. The company holds 1% of a 2.5% hydrocarbon royalty in the Gippsland Basin. Its Buru has a royalty interest in the Canning Basin and the Lennard Shelf through two royalty agreements: Lennard Shelf Royalty Agreement and Canning Basin Royalty Deed. Its Sams Creek Gold Project is located 140km north-east of Reefton and 100km north-east of Lyell on the South Island of New Zealand.
Fitzroy River Corp Ltd FZR.AX
AUD0.31 AUD0.00 (0.83%) 1D
Last Updated: Oct 02, 12:00 AM·ASX
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FZR.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Fitzroy River Corp Ltd is classified as not halal.
NOT HALAL
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FAQ's for Fitzroy River Corp Ltd (FZR.AX)
As of October 2026, Fitzroy River Corp Ltd FZR.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 Fitzroy River Corp Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Fitzroy River Corp 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 Fitzroy River Corp 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 Fitzroy River Corp 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 Fitzroy River Corp 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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