Is Meteoric Resources NL halal to invest in?

According to Musaffa's Shariah screening methodology, Meteoric Resources NL (MEI.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 Meteoric 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 Meteoric Resources NL using these criteria to determine its compliance status.

Can Muslims buy shares of Meteoric Resources NL?

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

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

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

Can a halal stock like Meteoric 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 Meteoric Resources NL?

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

MEI.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 19, 2025

Report Source: 2025 Annual Report

Meteoric Resources NL. Stock Analysis MEI.AX

Australia Materials Small Cap Report: 2025 Annual

Meteoric Resources NL engages in the exploration of mineral properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2004-07-16. The Caldeira Rare Earths Project comprises approximately 77 mining and exploration licenses (with total landholdings over 18,292 hectares) located between the cities of Caldas, Pocos de Caldas, and Andrades in the southwest region of the state of Minas Gerais in Brazil. Caldeira is located 254 km from the city of Sao Paulo and approximately 350 km from the port of Santos. Rare earths mineralization at the Caldeira Project is enriched in magnet rare earths of dysprosium and terbium and neodymium and praseodymium. Its other projects include Warrego North IOCG Project and Webb JV. Located in the Northern Territory, the Warrego North Project is approximately 20 km northwest of the historical high-grade Warrego Copper-Gold Mine. The Webb JV is focused on the evaluation of a kimberlite field comprising 280 targets and covers an area of over 961 km2.

Key Statistics of Meteoric Resources NL (MEI.AX)

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

Today's Range

AUD0.19AUD0.21

Today's Open

AUD0.21

Volume

7.69M

P/E Ratio (TTM)

52 Week Range

AUD0.09AUD0.26

Market Cap

563.10M

Avg. Volume

2.92M

Dividend Yield

Financial Metrics & Statements of Meteoric Resources NL (MEI.AX)

FAQ's for Meteoric Resources NL (MEI.AX)

According to Musaffa’s Shariah screening methodology, Meteoric Resources NL (MEI.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.