Is Metgasco Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Metgasco Ltd (MEL.AX) is currently classified as DOUBTFUL 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 Metgasco 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 Metgasco Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Metgasco Ltd?

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.

Why is Metgasco Ltd classified as DOUBTFUL?

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.

How often is the Shariah compliance for Metgasco Ltd updated?

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

Can a halal stock like Metgasco 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 Metgasco Ltd?

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.

MEL.AX Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Metgasco Ltd. Stock Analysis MEL.AX

Australia Energy Nano Cap Report: Q2, 2025

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.

Key Statistics of Metgasco Ltd (MEL.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

4136.00

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.15

Market Cap

661.36K

Avg. Volume

126.47K

Dividend Yield

Financial Metrics & Statements of Metgasco Ltd (MEL.AX)

FAQ's for Metgasco Ltd (MEL.AX)

According to Musaffa’s Shariah screening methodology, Metgasco Ltd (MEL.AX) is currently classified as DOUBTFUL 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.