Is MEC Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, MEC Resources Ltd (MMR.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 MEC 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 MEC Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of MEC Resources Ltd?

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

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

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

Can a halal stock like MEC 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 MEC Resources Ltd?

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

MMR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

MEC Resources Ltd. Stock Analysis MMR.AX

Australia Energy Nano Cap Report: Q2, 2025

MEC Resources Ltd. is a pooled development fund, which engages in the investments in energy and mineral resources. The firm invests in a variety of industries including companies that are targeting potentially large energy and mineral resources projects. The company holds investments in two principal industries, namely neurotechnology, and oil, gas and hydrocarbon exploration and development. The company has a non-controlling interest in the energy explorer Advent Energy Ltd (Advent) of 38.27%. Advent is an oil and gas exploration and development company with onshore and offshore exploration and near-term development assets around Australia and overseas. Its assets include petroleum exploration permits PEP11 (85%) in the offshore Sydney Basin and retention license RL1 (100%) in the onshore Bonaparte Basin in the Northern Territory. The firm also holds a 0.125% interest in BPH Energy Ltd (BPH). BPH is a diversified investment holding company with investments in resources, medical and renewable hydrogen technology.

Key Statistics of MEC Resources Ltd (MMR.AX)

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

Today's Range

AUD0.00AUD0.01

Today's Open

AUD0.00

Volume

870.08K

P/E Ratio (TTM)

45.11

52 Week Range

AUD0.00AUD0.01

Market Cap

9.36M

Avg. Volume

12.28M

Dividend Yield

Financial Metrics & Statements of MEC Resources Ltd (MMR.AX)

FAQ's for MEC Resources Ltd (MMR.AX)

According to Musaffa’s Shariah screening methodology, MEC Resources Ltd (MMR.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.