Is MGX Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, MGX Resources Ltd (MGX.AX) is currently classified as NOT HALAL as of April 2026. 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 MGX Resources 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 MGX Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of MGX Resources Ltd?

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

Musaffa determines the Shariah status of MGX Resources 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 MGX Resources Ltd updated?

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

Can a halal stock like MGX Resources 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 MGX Resources Ltd?

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

MGX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 24, 2026

Report Source: 2026 2nd Quarter Report

Analyst's Ratings for MGX Resources Ltd (MGX.AX)

Based on 7 analysts giving stock ratings to MGX Resources Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

MGX Resources Ltd. Stock Analysis MGX.AX

Australia Materials Small Cap Report: Q2, 2026

The company is headquartered in Perth, Western Australia and currently employs 373 full-time employees.

Key Statistics of MGX Resources Ltd (MGX.AX)

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

Today's Range

AUD0.35AUD0.37

Today's Open

AUD0.36

Volume

554.77K

P/E Ratio (TTM)

52 Week Range

AUD0.26AUD0.50

Market Cap

460.37M

Avg. Volume

352.85K

Dividend Yield

Financial Metrics & Statements of MGX Resources Ltd (MGX.AX)

FAQ's for MGX Resources Ltd (MGX.AX)

According to Musaffa’s Shariah screening methodology, MGX Resources Ltd (MGX.AX) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.