Is Magmatic Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Magmatic Resources Ltd (MAG.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 Magmatic Resources 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 Magmatic Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Magmatic Resources Ltd?

Muslim investors may consider investing in Magmatic 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.

Why is Magmatic Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Magmatic Resources 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 Magmatic Resources Ltd updated?

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

Can a halal stock like Magmatic Resources 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 Magmatic Resources Ltd?

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

MAG.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Magmatic Resources Ltd. Stock Analysis MAG.AX

Australia Materials Nano Cap Report: Q2, 2025

Magmatic Resources Ltd. engages in the business of mineral exploration. The company is headquartered in Orange, New South Wales. The company went IPO on 2017-05-19. The Company’s gold copper porphyry projects are in the East Lachlan New South Wales, Australia’s copper-gold porphyry region. Its projects include Parkes Gold-Copper Project, Wellington North Gold-Copper Project, Myall Copper-Gold Project, and Weebo Gold Project. The Parkes Project comprises two exploration licenses located within the Parkes Fault Zone, over 25 kilometers (km) south of Alkane’s Tomingley Gold Operations. The Wellington North Project covers the northern extension of the Molong Volcanic Belt. The Myall Project is located over 20 km southwest of Narromine and 60 km north of Northparkes copper mine. The Weebo Gold Project consists of over eight granted exploration licenses, and one granted prospecting license and totals over 136 square kilometers of tenure, in the tier one Western Australian Goldfields mining jurisdiction.

Key Statistics of Magmatic Resources Ltd (MAG.AX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

AUD0.03AUD0.03

Today's Open

AUD0.03

Volume

133.58K

P/E Ratio (TTM)

52 Week Range

AUD0.03AUD0.08

Market Cap

14.06M

Avg. Volume

66.32K

Dividend Yield

Financial Metrics & Statements of Magmatic Resources Ltd (MAG.AX)

FAQ's for Magmatic Resources Ltd (MAG.AX)

According to Musaffa’s Shariah screening methodology, Magmatic Resources Ltd (MAG.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.