Yes. As of October 2026, LCL Resources Ltd (LCL.AX) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. LCL Resources Ltd passes Musaffa's business and financial screening criteria.
LCL Resources Ltd. engages in mineral exploration and mining. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-05-18. The firm is a gold/copper/nickel explorer with multiple assets in Papua New Guinea (PNG) and the mid-Cauca Gold Belt of Colombia. The Company’s segments include Mineral Exploration Colombia and Mineral Exploration Papua New Guinea. The company holds approximately 3890 square kilometers (Km2) of exploration titles in five regions of Papua New Guinea prospective for copper, gold, and nickel. The firm also holds position within the Quinchia region of the Mid-Cauca Gold Belt of Colombia. The firm is actively exploring in PNG while the 100% owned, 10,500 hectares (ha) Quinchia Gold Project in Colombia progresses through early-stage feasibility related studies. Its Quinchia Gold Project is located in central west Colombia, 100 kilometers (km) south of Medellin, in the department of Risaralda. Its Ono project consists of Kusi Target, which is prospective for high-grade gold skarn and copper/gold porphyry.
LCL Resources Ltd LCL.AX
AUD0.01
Last Updated: Oct 09, 12:00 AM·ASX
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LCL.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, LCL Resources Ltd is classified as halal.
HALAL
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FAQ's for LCL Resources Ltd (LCL.AX)
As of October 2026, LCL Resources Ltd LCL.AX is classified as 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 LCL Resources Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in LCL 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.
Musaffa determines the Shariah status of LCL Resources Ltd 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 LCL Resources Ltd 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 LCL Resources Ltd 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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