Is Latrobe Magnesium Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Latrobe Magnesium Ltd (LMG.AX) is currently classified as 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 Latrobe Magnesium 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 Latrobe Magnesium Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Latrobe Magnesium Ltd?

Muslim investors may consider investing in Latrobe Magnesium 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 Latrobe Magnesium Ltd classified as HALAL?

Musaffa determines the Shariah status of Latrobe Magnesium 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 Latrobe Magnesium Ltd updated?

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

Can a halal stock like Latrobe Magnesium 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 Latrobe Magnesium Ltd?

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

LMG.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Latrobe Magnesium Ltd. Stock Analysis LMG.AX

Australia Materials Nano Cap Report: Q2, 2025

Latrobe Magnesium Ltd. engages in the exploration, acquisition, and development of magnesium properties. The company is headquartered in Sydney, Victoria. The firm intends to extract and sell magnesium metal and cementitious material from industrial ash, which is a waste resource from brown coal power generation. The firm's byproducts include supplementary cementitious material (SCM), silica, char, iron oxide and calcium carbonate. The company is also developing an International Mega Plant (magnesium metal) in the state of Sarawak, Malaysia via its wholly owned subsidiary company Latrobe Magnesium Sarawak Sdn Bhd.

Key Statistics of Latrobe Magnesium Ltd (LMG.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

3.24M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.04

Market Cap

53.20M

Avg. Volume

4.78M

Dividend Yield

Financial Metrics & Statements of Latrobe Magnesium Ltd (LMG.AX)

FAQ's for Latrobe Magnesium Ltd (LMG.AX)

According to Musaffa’s Shariah screening methodology, Latrobe Magnesium Ltd (LMG.AX) is currently classified as 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.