Horseshoe Metals Ltd HOR.AX
AUD0.02
Last Updated: Oct 09, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
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Is Horseshoe Metals Ltd Stock Halal?
Shariah Compliance Analysis of HOR.AX Stock
Australia Materials Nano Cap No. As of October 2026, Horseshoe Metals Ltd (HOR.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Horseshoe Metals Ltd does not pass Musaffa's business and financial screening criteria.
Horseshoe Metals Ltd. engages in the exploration and development of copper and gold projects. The company is headquartered in Perth, Western Australia. The company went IPO on 2010-07-29. The firm has a package of tenements covering approximately 500 square kilometers (km2) in the Peak Hill Mineral Field, located north of Meekatharra in Western Australia, and mineral interests in South Australia. Its projects include Horseshoe Lights Project and the Kumarina Project in Western Australia, and the Glenloth Gold Project in South Australia. The Horseshoe Lights Copper-Gold Project comprises a package of tenements in the Bryah Basin of Western Australia, located 800 km north-northeast of Perth and 140km north of Meekatharra. The project includes an open pit of the Horseshoe Lights copper-gold mine. The Kumarina Project consists of a mining lease and mining lease application covering approximately 3.2 km2. The Glenloth Project is located in the Central Gawler Craton of South Australia and consists of a single exploration license, EL 6301, which comprises two areas totaling 107 km2.
HOR.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Horseshoe Metals Ltd is classified as not halal.
NOT HALALHorseshoe Metals Ltd (HOR.AX) Chart
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Financial Metrics & Statements of Horseshoe Metals Ltd (HOR.AX)
FAQ's for Horseshoe Metals Ltd (HOR.AX)
- As of October 2026, Horseshoe Metals Ltd HOR.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 Horseshoe Metals Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Horseshoe 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 Horseshoe 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 Horseshoe 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 Horseshoe Metals 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 Horseshoe Metals Ltd (HOR.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
