Is Mamba Exploration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Mamba Exploration Ltd (M24.AX) is currently classified as NOT HALAL as of August 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 Mamba Exploration 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 Mamba Exploration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Mamba Exploration Ltd?

Muslim investors may consider investing in Mamba Exploration 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 Mamba Exploration Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Mamba Exploration 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 Mamba Exploration Ltd updated?

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

Can a halal stock like Mamba Exploration 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 Mamba Exploration Ltd?

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

M24.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 01, 2025

Report Source: 2025 2nd Quarter Report

Mamba Exploration Ltd. Stock Analysis M24.AX

Australia Materials Nano Cap Report: Q2, 2025

Mamba Exploration Ltd. is a mineral exploration and resource development company. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-02-05. The firm's projects are highly prospective mineral exploration assets in the Ashburton/Gascoyne, Kimberley, Murchison and Great Southern regions of Western Australia. The projects in Ashburton/Gascoyne, Murchison and Great Southern are prospective for gold whilst those in Kimberley are prospective for base metals such as copper, nickel and platinum group elements (PGEs). Its projects include Calyerup Creek Project, Ashburton Project, Kimberley Project and Meeka East Gold Project. The Calyerup Creek Project which is comprised of one exploration license (E70/4998) covers three blocks for approximately 8.5 square kilometers (km2). Its Ashburton Project covers approximately 580 km2 across two tenements (E08/2913 and E08/3343), located approximately 190 km south of Onslow and 220 km northeast of Carnarvon in Western Australia. The Meeka East Gold Project is located in Murchison Goldfield, Western Australia.

Key Statistics of Mamba Exploration Ltd (M24.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

96.00K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.04

Market Cap

10.24M

Avg. Volume

183.22K

Dividend Yield

Financial Metrics & Statements of Mamba Exploration Ltd (M24.AX)

FAQ's for Mamba Exploration Ltd (M24.AX)

According to Musaffa’s Shariah screening methodology, Mamba Exploration Ltd (M24.AX) is currently classified as NOT HALAL as of August 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.