Is Magontec Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Magontec Ltd (MGL.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 Magontec 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 Magontec Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Magontec Ltd?

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

Musaffa determines the Shariah status of Magontec 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 Magontec Ltd updated?

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

Can a halal stock like Magontec 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 Magontec Ltd?

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

MGL.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2024 Annual Report

Magontec Ltd. Stock Analysis MGL.AX

Australia Materials Nano Cap Report: 2024 Annual

Magontec Ltd. engages in manufacturing of magnesium products. The company is headquartered in Sydney, New South Wales and currently employs 220 full-time employees. The Company’s principal activities include the manufacture and sale of generic and specialist alloys (including both primary alloy manufacture and recycling). The company is involved in the manufacture and distribution of magnesium and titanium cathodic corrosion protection products (anodes). The firm is also engaged in research and development of new proprietary magnesium alloys and technologies and research and development of cathodic corrosion protection products (CCP). The company is also involved in creating markets for new magnesium alloys and technologies by supporting demonstration trials and programs for developing new applications. Its types of products and services include magnesium alloy production and recycling, and the manufacture of cathodic corrosion protection products. The company has recycling facilities in Germany and Romania. The company recycles magnesium alloys, servicing its primary magnesium alloy customers.

Key Statistics of Magontec Ltd (MGL.AX)

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

Today's Range

AUD0.24AUD0.25

Today's Open

AUD0.24

Volume

29.83K

P/E Ratio (TTM)

52 Week Range

AUD0.17AUD0.26

Market Cap

12.75M

Avg. Volume

9989.50

Dividend Yield

Financial Metrics & Statements of Magontec Ltd (MGL.AX)

FAQ's for Magontec Ltd (MGL.AX)

According to Musaffa’s Shariah screening methodology, Magontec Ltd (MGL.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.