Is Mindax Ltd halal to invest in?

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

Can Muslims buy shares of Mindax Ltd?

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

Musaffa determines the Shariah status of Mindax 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 Mindax Ltd updated?

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

Can a halal stock like Mindax 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 Mindax Ltd?

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

MDX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 19, 2025

Report Source: 2025 Annual Report

Mindax Ltd. Stock Analysis MDX.AX

Australia Materials Nano Cap Report: 2025 Annual

Mindax Ltd. engages in the exploration and development of mineral properties. The firm's segments include Gold and Iron Ore. The Gold segment includes Meekatharra and Mt Lucky Projects. The Iron Ore segment comprises the Mt Forrest Project. The Meekatharra Gold Project (Meekatharra North), tenement E51/1705, lies within the Murchison Gold Field of Western Australia, approximately 40 kilometers (km) north of Meekatharra and two km south of the Andy Well Gold Mine. The Mt Lucky Gold Project, tenement E38/3336, lies within the Mt Margaret Mineral Field of the north-eastern Goldfields of Western Australia (Laverton Greenstone Belt), approximately seven km east of the Granny Smith gold mine (plant capacity 3.5 million tons per annum) and 12 km southeast of Laverton. The Mt Forrest magnetite iron ore project is operated through a joint venture. The company is exploring a regional infrastructure concept centered around its Mt Forrest project, and other surrounding or neighboring projects.

Key Statistics of Mindax Ltd (MDX.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

4515.00

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.07

Market Cap

49.63M

Avg. Volume

378.38K

Dividend Yield

Financial Metrics & Statements of Mindax Ltd (MDX.AX)

FAQ's for Mindax Ltd (MDX.AX)

According to Musaffa’s Shariah screening methodology, Mindax Ltd (MDX.AX) is currently classified as NOT HALAL as of October 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.