No. As of October 2026, Kodal Minerals PLC (KOD.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Kodal Minerals PLC does not pass Musaffa's business and financial screening criteria.
Kodal Minerals Plc is a mineral exploration and development company, which engages in the provision of exploration and development of mineral assets. The company operates through three segments: the West African Gold projects, the West African Lithium projects, and the UK administration operations. Its projects include Bougouni Lithium Project and Gold Project. The Bougouni Project is a flagship project, which covers an area of over 350 square kilometers (km2) and is located in Southern Mali, approximately 170km south of the capital, Bamako. The Company’s gold projects are located strategically across southern Mali and Cote d’Ivoire, which are undergoing early-stage exploration programs. Gold Projects include Fatou Gold Project and Nielle Gold Project. Fatou Project is located approximately 100km south of Bamako, the capital city of Mali. The Nielle project consists of one license of approximately 300km2 located in an underexplored region within the Tongon-Banfora greenstone belt.
Kodal Minerals PLC KOD.L
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Last Updated: Oct 09, 12:00 AM·LSE
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KOD.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Kodal Minerals PLC is classified as not halal.
NOT HALAL
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FAQ's for Kodal Minerals PLC (KOD.L)
As of October 2026, Kodal Minerals PLC KOD.L 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 Kodal Minerals PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Kodal Minerals PLC 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 Kodal Minerals PLC 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 Kodal Minerals PLC 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 Kodal Minerals PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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