Is Midas Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Midas Minerals Ltd (MM1.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 Midas Minerals 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 Midas Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Midas Minerals Ltd?

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

Musaffa determines the Shariah status of Midas Minerals 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 Midas Minerals Ltd updated?

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

Can a halal stock like Midas Minerals 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 Midas Minerals Ltd?

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

MM1.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 20, 2025

Report Source: 2025 Annual Report

Analyst's Ratings for Midas Minerals Ltd (MM1.AX)

Based on 5 analysts giving stock ratings to Midas Minerals Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Midas Minerals Ltd. Stock Analysis MM1.AX

Australia Materials Micro Cap Report: 2025 Annual

Midas Minerals Ltd. engages in the exploration of lithium and iron ore. Its projects include Cowan Lithium; Yallari Lithium; and Mofe Creek. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-09-07. Its projects include the Newington Project, Challa Gold, Nickel-Copper-PGE Project, Reid-Aylmer Project, Otavi Project, and Greenbush Lithium Project. The Reid-Aylmer Project has mineral claims totaling about 157 square kilometers (km2) located northeast of Yellowknife, in the Northwest Territories of Canada. The Greenbush lithium project covers over 102 km2 and is located 12 km east of Highway 599, about 95 km north of Savant Lake and 70 km south of Pickle Lake. The Newington Lithium-Gold Project has 212 km2 of tenements located at the north end of the Southern Cross greenstone belt. Its Challa Gold, Nickel-Copper-PGE encompasses over two exploration licenses and three license applications totaling 860 km2 and an option for a 47 km2 exploration license. The company has the 1,776 km2 high-grade Otavi Copper Project and holds an option over the 194 km2 South Otavi Project in Namibia.

Key Statistics of Midas Minerals Ltd (MM1.AX)

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

Today's Range

AUD0.97AUD1.10

Today's Open

AUD1.06

Volume

356.61K

P/E Ratio (TTM)

52 Week Range

AUD0.16AUD1.14

Market Cap

223.20M

Avg. Volume

36.61K

Dividend Yield

Financial Metrics & Statements of Midas Minerals Ltd (MM1.AX)

FAQ's for Midas Minerals Ltd (MM1.AX)

According to Musaffa’s Shariah screening methodology, Midas Minerals Ltd (MM1.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.