Is Iceni Gold Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Iceni Gold Ltd (ICL.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 Iceni Gold 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 Iceni Gold Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Iceni Gold Ltd?

Muslim investors may consider investing in Iceni Gold 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 Iceni Gold Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Iceni Gold 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 Iceni Gold Ltd updated?

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

Can a halal stock like Iceni Gold 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 Iceni Gold Ltd?

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

ICL.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Iceni Gold Ltd. Stock Analysis ICL.AX

Australia Materials Nano Cap Report: Q2, 2025

Iceni Gold Ltd. engages in the provision of mining and exploration of gold. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-04-14. The Project comprises five granted Exploration Licences (E39/1988, E39/1999, E39/2070, E39/2083 and E39/2093) and over 143 granted. The project is situated midway between the gold mining townships of Leonora and Laverton and within 75 kilometers (km) of multiple high tonnage capacity operating gold mills. The company is focused on multiple high-priority target areas within the 850 square kilometer 14 Mile Well tenement package. The contiguous tenement package is located on the west side of Lake Carey and west of the plus million-ounce gold deposits at Mount Morgan, Granny Smith, Sunrise Dam and Wallaby. The target areas include Claypan Target Area, Deep Well Target Area, North 1 Target Area, Danjo NE Target Area, Everleigh Well Target Area, Guyer Well Target Area, and Monument Target Area.

Key Statistics of Iceni Gold Ltd (ICL.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

238.01K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.10

Market Cap

8.70M

Avg. Volume

48.84K

Dividend Yield

Financial Metrics & Statements of Iceni Gold Ltd (ICL.AX)

FAQ's for Iceni Gold Ltd (ICL.AX)

According to Musaffa’s Shariah screening methodology, Iceni Gold Ltd (ICL.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.