Is Grange Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Grange Resources Ltd (GRR.AX) is currently classified as NOT HALAL as of October 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 Grange 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 Grange Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Grange Resources Ltd?

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

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

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

Can a halal stock like Grange 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 Grange Resources Ltd?

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

GRR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 20, 2025

Report Source: 2025 2nd Quarter Report

Grange Resources Ltd. Stock Analysis GRR.AX

Australia Materials Micro Cap Report: Q2, 2025

Grange Resources Ltd. engages in the mining, processing, exploration, evaluation, and development of mineral resources and iron ore. The Company’s principal activities consist of the mining, processing and sale of iron ore from its operations in Tasmania, and the ongoing exploration and evaluation of mineral resources. Its projects include Savage River, Port Latta, and Southdown. The Savage River magnetite iron ore mine, is over 100 kilometers (km) southwest of the city of Burnie. The Port Latta project is located over 70 km northwest of Burnie, and its 100%-owned pellet plant and port facility at Port Latta produces over 2.5 million tons (Mt) of iron ore products annually. The Southdown Magnetite Project is located over 90 km east-northeast of Albany, and 10 km south-west of Wellstead in the Great Southern region of Western Australia. The company contains over 1.2 billion tons of mineral resources, including 412 Mt of ore reserves.

Key Statistics of Grange Resources Ltd (GRR.AX)

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

Today's Range

AUD0.16AUD0.17

Today's Open

AUD0.17

Volume

3.50M

P/E Ratio (TTM)

4.10

52 Week Range

AUD0.16AUD0.31

Market Cap

190.96M

Avg. Volume

431.60K

Dividend Yield

Financial Metrics & Statements of Grange Resources Ltd (GRR.AX)

FAQ's for Grange Resources Ltd (GRR.AX)

According to Musaffa’s Shariah screening methodology, Grange Resources Ltd (GRR.AX) is currently classified as NOT HALAL as of October 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.