Midas Minerals Ltd MM1.AX
AUD1.26 AUD0.01 (0.80%) 1D
Last Updated: Sep 15, 12:00 AM·ASX
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Is Midas Minerals Ltd Stock Halal?
Shariah Compliance Analysis of MM1.AX Stock
Australia Materials Micro Cap No. As of September 2026, Midas Minerals Ltd (MM1.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Midas Minerals Ltd does not pass Musaffa's business and financial screening criteria.
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.
MM1.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Midas Minerals Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Midas Minerals Ltd (MM1.AX) Chart
Financial Metrics & Statements of Midas Minerals Ltd (MM1.AX)
FAQ's for Midas Minerals Ltd (MM1.AX)
- As of September 2026, Midas Minerals Ltd MM1.AX is classified as not halal 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 Midas Minerals Ltd using these criteria to determine its compliance status.
- 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.
- 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.
- The Shariah compliance status of Midas Minerals 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 Midas Minerals 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 Midas Minerals Ltd (MM1.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
