Is Mastermyne Group Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Mastermyne Group Ltd (MYE.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 Mastermyne Group 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 Mastermyne Group Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Mastermyne Group Ltd?

Muslim investors may consider investing in Mastermyne Group 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 Mastermyne Group Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Mastermyne Group 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 Mastermyne Group Ltd updated?

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

Can a halal stock like Mastermyne Group 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 Mastermyne Group Ltd?

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

MYE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Mastermyne Group Ltd. Stock Analysis MYE.AX

Australia Materials Nano Cap Report: Q2, 2025

Mastermyne Group Ltd. engages in the provision of contracting services to the mining sector. The company is headquartered in Mackay, Queensland. The company went IPO on 2010-05-07. The firm provides mine operations, contracting, training and related services in mining and supporting industries across Australia. Its mining provides a full range of services and equipment to the coal mining industry, including new mine development, mine operation, roadway development, conveyors, outbye services, ventilation, secondary support, longwall relocations, polymeric emergency strata consolidation, production and ancillary equipment, and mining consumables. In addition, its Registered Training Organization delivers training and compliance solutions that improve efficiency and reduce costs to mine operators. Its portfolio of work encompasses outcomes for clients including Anglo American, Centennial Coal, Fitzroy Mining Operations, Glencore, GM3, Peabody Energy, Whitehaven Coal and Yancoal.

Key Statistics of Mastermyne Group Ltd (MYE.AX)

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

Today's Range

AUD0.20AUD0.21

Today's Open

AUD0.20

Volume

76.53K

P/E Ratio (TTM)

36.02

52 Week Range

AUD0.12AUD0.21

Market Cap

60.19M

Avg. Volume

79.42K

Dividend Yield

Financial Metrics & Statements of Mastermyne Group Ltd (MYE.AX)

FAQ's for Mastermyne Group Ltd (MYE.AX)

According to Musaffa’s Shariah screening methodology, Mastermyne Group Ltd (MYE.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.