Macro Metals Ltd M4M.AX
AUD0.01
Last Updated: Oct 06, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
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Is Macro Metals Ltd Stock Halal?
Shariah Compliance Analysis of M4M.AX Stock
Australia Materials Nano Cap No. As of October 2026, Macro Metals Ltd (M4M.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Macro Metals Ltd does not pass Musaffa's business and financial screening criteria.
Macro Metals Ltd. engages in mineral exploration. The company is headquartered in Subiaco, Western Australia. The firm directly owns a portfolio of iron ore and manganese assets which are undergoing active exploration programs. Its projects include the Turner Iron Ore Project, Catho Well Iron Ore Project, and others. Its Catho Well project is located approximately 180 kilometers (km) via roads from Onslow Port and comprises a single granted exploration license 08/3087. The Turner Project is located 25km west-north-west of Tom Price and is situated 5km north-west of the Rio Tinto Turner Syncline Mine. Its other projects include Deepdale Iron Ore Project, Bellary Springs Iron Ore Project, Mogul VMS Project, Wiluna West Project, and Agbaja Iron Ore Project. The company also owns the Extension Iron Ore Project located in an Iron Ore precinct of the Pilbara in Western Australia. The Company, through its wholly owned subsidiary, Macro Mining Services Pty Ltd, offers safe and accretive mining services.
M4M.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Macro Metals Ltd is classified as not halal.
NOT HALALMacro Metals Ltd (M4M.AX) Chart
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Financial Metrics & Statements of Macro Metals Ltd (M4M.AX)
FAQ's for Macro Metals Ltd (M4M.AX)
- As of October 2026, Macro Metals Ltd M4M.AX 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 Macro Metals Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Macro Metals 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 Macro Metals 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 Macro Metals 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 Macro Metals Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Macro Metals Ltd (M4M.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
