Is Middle Island Resources Ltd halal to invest in?

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

Can Muslims buy shares of Middle Island Resources Ltd?

Muslim investors may consider investing in Middle Island 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 Middle Island Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Middle Island 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 Middle Island Resources Ltd updated?

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

Can a halal stock like Middle Island 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 Middle Island Resources Ltd?

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

MDI.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Middle Island Resources Ltd. Stock Analysis MDI.AX

Australia Materials Nano Cap Report: Q2, 2025

Middle Island Resources Ltd. is an exploration company, which engages in the business of identifying, acquiring, and exploring mineral assets. The company is headquartered in Perth, Western Australia. The company went IPO on 2010-12-16. The Company’s flagship asset is the Barkly Copper-Gold Super Project, which is prospective for large iron oxide copper gold (IOCG) and sediment hosted cu-zn-pb-ag (SedH) deposits at Tennant Creek and Barkly in the Northern Territory. The company also has several exploration projects (granted and pending applications) in the New England Fold within Queensland. The Barkly Super Project comprises 14 granted exploration licenses and two exploration license applications covering approximately 6,918 square kilometers (km2). The Barkly tenements primarily cover the interpreted eastward extensions of the Tennant Creek Mineral Field by Proterozoic stratigraphy. Its Queensland Copper-Gold Projects include three separate project areas with granted 100% owned tenements (Ridgelands, Greenbank and Cockatoo Projects) and other project areas under application pending grant.

Key Statistics of Middle Island Resources Ltd (MDI.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

782.47K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.07

Market Cap

22.85M

Avg. Volume

205.29K

Dividend Yield

Financial Metrics & Statements of Middle Island Resources Ltd (MDI.AX)

FAQ's for Middle Island Resources Ltd (MDI.AX)

According to Musaffa’s Shariah screening methodology, Middle Island Resources Ltd (MDI.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.