Is Industrial Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Industrial Minerals Ltd (IND.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 Industrial Minerals 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 Industrial Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Industrial Minerals Ltd?

Muslim investors may consider investing in Industrial Minerals 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 Industrial Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Industrial Minerals 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 Industrial Minerals Ltd updated?

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

Can a halal stock like Industrial Minerals 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 Industrial Minerals Ltd?

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

IND.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Industrial Minerals Ltd. Stock Analysis IND.AX

Australia Materials Nano Cap Report: Q2, 2025

Industrial Minerals Ltd. engages in exploring and developing industrial minerals including gypsum and salt, silica sand, construction sand and aggregates. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-07-13. The firm is developing a portfolio of advanced High Purity Quartz (HPQ) and High Purity Silica Sand (HPSS) projects located on granted mining leases. Its Pippingarra Quarry Project (Pippingarra) is located about 30 kilometers (km) south-east of Port Hedland within the Pilbara lithium province of Western Australia. The Pippingarra Project is prospective for HPQ and lithium and is located near some of the world’s hard rock lithium mines. Its Stockyard HPSS Project is located about 10 km from the town of Eneabba. Its Albany HPSS Project is located in southwestern Western Australia, within 40 km of the Port of Albany. Its Mukinbudin Quartz/Feldspar Projectis is located over 250km east of Perth, Western Australia. The Company’s other projects include Lake MacLeod, Karratha, Turner River (north and south), Roebourne, Tabba Tabba, Derby, Bookara, Cataby West, Mindarra, Gingin, and others.

Key Statistics of Industrial Minerals Ltd (IND.AX)

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

Today's Range

AUD0.15AUD0.15

Today's Open

AUD0.15

Volume

73.80K

P/E Ratio (TTM)

52 Week Range

AUD0.09AUD0.20

Market Cap

10.44M

Avg. Volume

24.99K

Dividend Yield

Financial Metrics & Statements of Industrial Minerals Ltd (IND.AX)

FAQ's for Industrial Minerals Ltd (IND.AX)

According to Musaffa’s Shariah screening methodology, Industrial Minerals Ltd (IND.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.