Grange Resources Ltd GRR.AX
AUD0.12 AUD0.01 (4.35%) 1D
Last Updated: Oct 06, 12:00 AM·ASX
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Is Grange Resources Ltd Stock Halal?
Shariah Compliance Analysis of GRR.AX Stock
Australia Materials Micro Cap No. As of October 2026, Grange Resources Ltd (GRR.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Grange Resources Ltd does not pass Musaffa's business and financial screening criteria.
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.
GRR.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Grange Resources Ltd is classified as not halal.
NOT HALALGrange Resources Ltd (GRR.AX) Chart
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Financial Metrics & Statements of Grange Resources Ltd (GRR.AX)
FAQ's for Grange Resources Ltd (GRR.AX)
- As of October 2026, Grange Resources Ltd GRR.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 Grange Resources Ltd using these criteria to determine its compliance status.
- 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.
- 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.
- The Shariah compliance status of Grange Resources 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 Grange Resources Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Grange Resources Ltd (GRR.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
