Is Magnetic Resources NL halal to invest in?

According to Musaffa's Shariah screening methodology, Magnetic Resources NL (MAU.AX) is currently classified as NOT HALAL as of April 2026. 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 Magnetic Resources NL 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 Magnetic Resources NL using these criteria to determine its compliance status.

Can Muslims buy shares of Magnetic Resources NL?

Muslim investors may consider investing in Magnetic Resources NL 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 Magnetic Resources NL classified as NOT HALAL?

Musaffa determines the Shariah status of Magnetic Resources NL 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 Magnetic Resources NL updated?

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

Can a halal stock like Magnetic Resources NL 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 Magnetic Resources NL?

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

MAU.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 26, 2026

Report Source: 2026 2nd Quarter Report

Analyst's Ratings for Magnetic Resources NL (MAU.AX)

Based on 5 analysts giving stock ratings to Magnetic Resources NL in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Magnetic Resources NL. Stock Analysis MAU.AX

Australia Materials Small Cap Report: Q2, 2026

Magnetic Resources NL engages in the exploration of mineral tenements in Western Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-04-05. The firm is focused on gold exploration in a gold belt in Laverton. The firm owns a portfolio of 100% owned tenements, totaling 261 square kilometers (km2) in the gold mining province of Western Australia, Laverton. Its projects include Lady Julie Central, Lady Julie North, Hawks Nest and Homeward Bound South. Lady Julie Project consists of approximately 11.4 km2 of tenements. The area covering the Lady Julie and HN9 Projects is endowed with gold mineralization. The Lady Julie North 4 deposit is located approximately 2.5km North of the Lady Julie Central deposit. Homeward Bound South Project consists of approximately 14km2 tenements comprised of eight granted prospecting licenses covering a five kilometers (km) strike length of the Federation Shear Zone situated 40 km east of Leonora. The Julimar Lookalike assets are 90 km north-east of the Julimar high grade palladium-rich Ni-Cu-PGE sulphides at Julimar.

Key Statistics of Magnetic Resources NL (MAU.AX)

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

Today's Range

AUD1.94AUD1.96

Today's Open

AUD1.96

Volume

225.10K

P/E Ratio (TTM)

52 Week Range

AUD1.14AUD2.10

Market Cap

567.27M

Avg. Volume

28.75K

Dividend Yield

Financial Metrics & Statements of Magnetic Resources NL (MAU.AX)

FAQ's for Magnetic Resources NL (MAU.AX)

According to Musaffa’s Shariah screening methodology, Magnetic Resources NL (MAU.AX) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.