Metgasco Ltd MEL.AX
AUD0.02 AUD0.00 (9.09%) 1D
Last Updated: Sep 15, 12:00 AM·ASX
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Is Metgasco Ltd Stock Halal?
Shariah Compliance Analysis of MEL.AX Stock
Australia Energy Nano Cap No. As of September 2026, Metgasco Ltd (MEL.AX) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Metgasco Ltd does not fully pass Musaffa's business and financial screening criteria.
Metgasco Ltd. engages in the exploration of oil and gas properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2004-12-23. The principal activity of the Company is investment in the exploration, appraisal, development and commercialization of oil and gas assets. The firm operates through two segments: Oil and gas properties, and Exploration. Its tenements include ATP2021, PRL211, and PRL237. ATP2021 is located in Queensland adjoining the Queensland-South Australia border, the Company holds a 25% working interest in the permit. PRL211 lies in the South Australian Cooper Basin, with the license’s eastern boundary adjacent to the ATP2021 western boundary, the Company holds a 25% working interest in the permit. The Odin Gas Field, discovered by the PRL211 Joint Venture, is located in both PRL211 and ATP2021 on the southern flank of the Nappamerri Trough in the Cooper Basin. The firm has about 20% working interest in the PRL237 license.
MEL.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Metgasco Ltd is classified as doubtful.
DOUBTFUL
Report Source: undefined Quarter Report
Metgasco Ltd (MEL.AX) Chart
Financial Metrics & Statements of Metgasco Ltd (MEL.AX)
FAQ's for Metgasco Ltd (MEL.AX)
- As of September 2026, Metgasco Ltd MEL.AX is classified as doubtful according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Metgasco Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Metgasco 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.
- Musaffa determines the Shariah status of Metgasco Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Metgasco Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Metgasco Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Metgasco Ltd (MEL.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
