Is Genmin Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Genmin Ltd (GEN.AX) is currently classified as NOT HALAL as of July 2025. 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 Genmin 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 Genmin Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Genmin Ltd?

Muslim investors may consider investing in Genmin 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 Genmin Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Genmin 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 Genmin Ltd updated?

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

Can a halal stock like Genmin 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 Genmin Ltd?

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

GEN.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2024 Annual Report

Analyst's Ratings for Genmin Ltd (GEN.AX)

Based on 7 analysts giving stock ratings to Genmin Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Genmin Ltd. Stock Analysis GEN.AX

Australia Materials Nano Cap Report: 2024 Annual

Genmin Ltd. engages in iron ore exploration and development in the Republic of Gabon in central West Africa. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-03-10. The company has 100% interest in three projects comprising over one exploitation (mining) license and four granted exploration licences covering approximately 4,469 square kilometers (km2). Its flagship project is Baniaka, and nearby Bakoumba iron ore projects are in south-east Gabon and provide an emerging iron ore hub near the Haut-Ogooue provincial capital city of Franceville. The Baniaka Hub is part of the Magnima Greenstone Belt, prospective for iron and precious metals, in the Chaillu Massif basement. Bakoumba is an advanced exploration project with drill targets, which comprises the Bakoumba and Mafoungui exploration licenses. The company has additional exploration tenure prospective for polymetallic mineralization at its Bitam project in the north-west of Gabon, near the Woleu-Ntem provincial capital of Oyem. The Bitam project comprises the Bitam and Ntem exploration licenses.

Key Statistics of Genmin Ltd (GEN.AX)

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

Today's Range

AUD0.01AUD0.01

Today's Open

AUD0.01

Volume

3.09M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

20.74M

Avg. Volume

473.80K

Dividend Yield

Financial Metrics & Statements of Genmin Ltd (GEN.AX)

FAQ's for Genmin Ltd (GEN.AX)

According to Musaffa’s Shariah screening methodology, Genmin Ltd (GEN.AX) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.