Is New Age Exploration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, New Age Exploration Ltd (NAE.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 New Age Exploration 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 New Age Exploration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of New Age Exploration Ltd?

Muslim investors may consider investing in New Age Exploration 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 New Age Exploration Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of New Age Exploration 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 New Age Exploration Ltd updated?

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

Can a halal stock like New Age Exploration 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 New Age Exploration Ltd?

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

NAE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

New Age Exploration Ltd. Stock Analysis NAE.AX

Australia Energy Nano Cap Report: Q2, 2025

New Age Exploration Ltd. engages in the advancement of gold exploration projects. The company is headquartered in Melbourne, Victoria. The Company’s key activities are advancing its gold and lithium exploration projects in the Pilbara district of Western Australia and in Otago, New Zealand. The company owns a tenement package of approximately 1893 square kilometers in the tier one mining centers of the Central and Eastern Pilbara districts of Western Australia. Its Wagyu Gold Project is located in the gold region of the Central Pilbara adjoining tenure operated by De Grey Mining. Its Lammerlaw Gold Exploration Project covers a large 265 square kilometers area in the Lammerlaw Ranges. The Otago Pioneer Quartz (OPQ) Gold Exploration Project is located on NAE Exploration Permit 60502, in the Central Otago Schist Belt. The Marlborough project comprises mineral prospecting permit 60725.01 that covers 499 square kilometers of the Marlborough Schist Belt.

Key Statistics of New Age Exploration Ltd (NAE.AX)

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

Today's Range

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Today's Open

AUD0.00

Volume

94.17M

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.01

Market Cap

8.57M

Avg. Volume

486.54K

Dividend Yield

Financial Metrics & Statements of New Age Exploration Ltd (NAE.AX)

FAQ's for New Age Exploration Ltd (NAE.AX)

According to Musaffa’s Shariah screening methodology, New Age Exploration Ltd (NAE.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.