Yes. As of September 2026, Alliance Nickel Ltd (GM90.SG) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Alliance Nickel Ltd passes Musaffa's business and financial screening criteria.
Alliance Nickel Ltd. is a mineral exploration and investment company, which explores and mines for nickel and gold. The company is headquartered in Nedlands, Western Australia. The firm is focused on becoming a supplier of battery-grade nickel and cobalt products. The firm's principal asset is its 100% owned NiWest Nickel Cobalt Project situated adjacent to Glencore's Murrin Murrin Operations. NiWest hosts undeveloped nickel laterite resources in Australia, estimated to contain approximately 93.4 million tons averaging 1.04% Nickel and 0.07% Cobalt. The region is recognized for a long history of nickel and cobalt production supported by an infrastructure including rail links to ports, gas pipeline, roads, fiberoptic networks, a commercial airstrip and established mining communities.
Alliance Nickel Ltd GM90.SG
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Last Updated: Mar 13, 12:00 AM·XSTU
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GM90.SG Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Alliance Nickel Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
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FAQ's for Alliance Nickel Ltd (GM90.SG)
As of September 2026, Alliance Nickel Ltd GM90.SG is classified as 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 Alliance Nickel Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Alliance Nickel 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 Alliance Nickel 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 Alliance Nickel 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 Alliance Nickel 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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