Is Koonenberry Gold Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Koonenberry Gold Ltd (KNB.AX) is currently classified as NOT HALAL as of October 2024. 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 Koonenberry 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 Koonenberry Gold Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Koonenberry Gold Ltd?

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

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

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

Can a halal stock like Koonenberry 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 Koonenberry Gold Ltd?

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

KNB.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 24, 2024

Report Source: 2024 Annual Report

Koonenberry Gold Ltd. Stock Analysis KNB.AX

Australia Materials Nano Cap Report: 2024 Annual

Koonenberry Gold Ltd. is a mineral and exploration development company. The firm focuses on the discovery of gold and mineral exploration activities in New South Wales. The Company’s main focus is the Enmore Gold Project, which is at a discovery phase. The Company’s projects include the Enmore Gold Project, Koonenberry Project, and Lachlan Project. The Enmore Gold Project (EL8479) covers an area of over 134 square kilometers (km2) and is located in the New England Fold Belt (NEFB) in the north-east of New South Wales, and it has a widespread high-grade gold occurrence. The Koonenberry Belt is a frontier Terrane prospective for Orogenic gold, VMS Cu-Au-Pb-Zn-Ag and Magmatic Ni-Cu-PGE systems. The Lachlan Projects comprise approximately 10 exploration licenses (ELs) that are considered highly prospective for Porphyry Cu/Au, Epithermal Au, and Orogenic Au systems.

Key Statistics of Koonenberry Gold Ltd (KNB.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

430.82K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.07

Market Cap

25.69M

Avg. Volume

749.69K

Dividend Yield

Financial Metrics & Statements of Koonenberry Gold Ltd (KNB.AX)

FAQ's for Koonenberry Gold Ltd (KNB.AX)

According to Musaffa’s Shariah screening methodology, Koonenberry Gold Ltd (KNB.AX) is currently classified as NOT HALAL as of October 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.