No. As of September 2026, Cyclone Metals Ltd (HM5.SG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Cyclone Metals Ltd does not pass Musaffa's business and financial screening criteria.
Cyclone Metals Ltd. engages in the investment, exploration and evaluation of mineral properties. The company is headquartered in Leederville, Western Australia. The company went IPO on 2001-06-07. The firm is focused on developing its flagship Iron Bear Project, an iron ore project located in the Labrador Trough, Canada. The Iron Bear Project consists of around ten licenses totaling 11,025 hectares (ha) and 441 graticular mineral claims which are 100% owned by the Company. The Company’s other projects are Grand Port, Wee Macgregor and Nickol River Gold. Grand Port project holds 100% of six projects over a diversified portfolio of gold, copper, nickel and platinum group elements (PGE) assets in New Zealand. The firm holds a 20% interest in the Wee Macgregor project which comprises three granted mining licenses, ML 2504, ML 2773 and ML 90098. These licenses are located approximately 60 kilometers (km) southeast of Mt Isa. Nickol River Project tenements are located 10km east of Karratha in the West Pilbara of Western Australia.
Cyclone Metals Ltd HM5.SG
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Last Updated: Mar 13, 12:00 AM·XSTU
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HM5.SG Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Cyclone Metals Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Cyclone Metals Ltd (HM5.SG)
FAQ's for Cyclone Metals Ltd (HM5.SG)
As of September 2026, Cyclone Metals Ltd HM5.SG 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 Cyclone Metals Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Cyclone Metals 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 Cyclone Metals 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 Cyclone Metals 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 Cyclone Metals 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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