Is Latitude 66 Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Latitude 66 Ltd (LAT.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 Latitude 66 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 Latitude 66 Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Latitude 66 Ltd?

Muslim investors may consider investing in Latitude 66 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 Latitude 66 Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Latitude 66 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 Latitude 66 Ltd updated?

The Shariah compliance status of Latitude 66 Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Latitude 66 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 Latitude 66 Ltd?

You can check the latest Shariah compliance status of Latitude 66 Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

LAT.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 28, 2025

Report Source: 2025 2nd Quarter Report

Latitude 66 Ltd. Stock Analysis LAT.AX

Australia Materials Nano Cap Report: Q2, 2025

Latitude 66 Ltd. engages in exploration of gold and base metals. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-12-13. The firm focuses on mineral exploration and evaluation for gold and base metals. The firm operates in two segments: Finland and Australia. The Finland segment covers mineral exploration and evaluation, while the Australia segment includes mineral exploration and evaluation, investing activities, and corporate management services. Its projects are the Kuusamo Schist Belt Project (KSB), Greater Duchess JV, and Edjudina Project. The KSB Project, located in Kuusamo, Finland, includes a gold and cobalt mineral resource. The Greater Duchess JV Project, south of Mount Isa, spans approximately 1921 square kilometers and has undeveloped copper-rich iron oxide copper gold (IOCG) targets and 'Tick Hill' style gold targets. The Edjudina Project consists of approximately sixteen granted exploration tenements and one exploration licence application and is known for potential gold and nickel-copper mineralisation.

Key Statistics of Latitude 66 Ltd (LAT.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

26.60K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.23

Market Cap

31.81M

Avg. Volume

29.44K

Dividend Yield

Financial Metrics & Statements of Latitude 66 Ltd (LAT.AX)

FAQ's for Latitude 66 Ltd (LAT.AX)

According to Musaffa’s Shariah screening methodology, Latitude 66 Ltd (LAT.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.