Is Indiana Resources Ltd halal to invest in?

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

Can Muslims buy shares of Indiana Resources Ltd?

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

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

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

Can a halal stock like Indiana 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 Indiana Resources Ltd?

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

IDA.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Indiana Resources Ltd. Stock Analysis IDA.AX

Australia Materials Nano Cap Report: Q2, 2025

Indiana Resources Ltd. is a minerals and development exploration company. The company is headquartered in Thebarton, South Australia. The Company’s ground position in the Gawler Craton covers approximately 5,000 square kilometers (km2). Its South Australia Projects include Lake Labyrinth Shear Zone (LLSZ), Double Dutch Gold Prospect, Earea Dam and Boomerang. The LLSZ projects hold various targets, including the Minos, North Hicks, Ariadne and Partridge Prospects. Earea Dam is a fully granted mining lease and is located adjacent to the Tarcoola-Glendambo Road and the Perth-Adelaide train line approximately 30 kilometers (km) west of Kingoonya. The Boomerang Gold Prospect is situated approximately 14 km southwest (SW) of the Tarcoola Mine. The firm also acts as the manager of the Joint Venture for the Ntaka Hill Nickel Project. The Ntaka Hill Nickel Project is an advanced nickel sulfide project.

Key Statistics of Indiana Resources Ltd (IDA.AX)

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

Today's Range

AUD0.03AUD0.03

Today's Open

AUD0.03

Volume

364.33K

P/E Ratio (TTM)

0.20

52 Week Range

AUD0.03AUD0.09

Market Cap

18.68M

Avg. Volume

186.94K

Dividend Yield

Financial Metrics & Statements of Indiana Resources Ltd (IDA.AX)

FAQ's for Indiana Resources Ltd (IDA.AX)

According to Musaffa’s Shariah screening methodology, Indiana Resources Ltd (IDA.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.