Is Haranga Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Haranga Resources Ltd (HAR.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 Haranga 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 Haranga Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Haranga Resources Ltd?

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

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

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

Can a halal stock like Haranga 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 Haranga Resources Ltd?

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

HAR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2024 Annual Report

Haranga Resources Ltd. Stock Analysis HAR.AX

Australia Materials Nano Cap Report: 2024 Annual

Haranga Resources Ltd. engages in the provision of exploration and development of gold, uranium, and other metals. The firm holds interests in a range of gold and uranium projects located in Senegal and California. The Company’s projects include Saraya uranium, Ibel South Gold and Lincoln Gold. The Saraya uranium project is a joint venture between the Company (70%) and Mandinga Resources SARL (30%) and relates to permit PR02208, which is located in East Senegal, West Africa. The project area spans approximately 1,650 square kilometers (km2). The Ibel South project is located southwest of Kedougou within the Birimian Belt, near the Mako, Massawa, and Sabodala gold mines. The project lies within the Birimian Volcanics of the Kenieba inlier, West Africa. The Lincoln Gold project area covers approximately 322 hectares, spanning 5.8 kilometers between Sutter Creek and Amador City, California.

Key Statistics of Haranga Resources Ltd (HAR.AX)

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

Today's Range

AUD0.13AUD0.14

Today's Open

AUD0.14

Volume

1.25M

P/E Ratio (TTM)

52 Week Range

AUD0.05AUD0.25

Market Cap

60.08M

Avg. Volume

215.33K

Dividend Yield

Financial Metrics & Statements of Haranga Resources Ltd (HAR.AX)

FAQ's for Haranga Resources Ltd (HAR.AX)

According to Musaffa’s Shariah screening methodology, Haranga Resources Ltd (HAR.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.