Is Minrex Resources Ltd halal to invest in?

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

Can Muslims buy shares of Minrex Resources Ltd?

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

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

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

Can a halal stock like Minrex 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 Minrex Resources Ltd?

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

MRR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Minrex Resources Ltd. Stock Analysis MRR.AX

Australia Materials Nano Cap Report: Q2, 2025

MinRex Resources Ltd. engages in the business of exploration and development of gold, base metal, and tin projects in Australia. The firm's portfolio comprises around 438km2 of tenements, including the Sofala Gold Project (NSW). Its Sofala Gold Project is located in the East Lachlan Fold Belt, 180kms Northwest of Sydney, a mining and exploration region which contains several golds, copper-gold and silver deposits. Its Tlamino Gold Project is located in the Serbo-Macedonian Massif, a belt of Tertiary age igneous and metamorphic rocks that runs north-south through Serbia, and into Macedonia, Bulgaria and Greece. The project comprises two granted mineral exploration permits and three permit applications covering over 400km2 of exploration ground. Its Timok East Copper-Gold Project comprises four granted exploration permits covering around 200km2, which are located within the prolific Western Tethyan Magmatic Belt, host of several major porphyry Cu-Au deposits.

Key Statistics of Minrex Resources Ltd (MRR.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

568.00K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

40.63M

Avg. Volume

1.98M

Dividend Yield

Financial Metrics & Statements of Minrex Resources Ltd (MRR.AX)

FAQ's for Minrex Resources Ltd (MRR.AX)

According to Musaffa’s Shariah screening methodology, Minrex Resources Ltd (MRR.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.