Is Nico Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Nico Resources Ltd (NC1.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 Nico 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 Nico Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Nico Resources Ltd?

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

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

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

Can a halal stock like Nico 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 Nico Resources Ltd?

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

NC1.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Nico Resources Ltd. Stock Analysis NC1.AX

Australia Materials Nano Cap Report: Q2, 2025

Nico Resources Ltd. formed for the purpose of pursuing various mining opportunities in the resources sector. The company is headquartered in Perth, Western Australia. The company went IPO on 2022-01-19. The company owns a 100% legal and beneficial interest in nickel assets consisting of the Wingellina (WA) and Claude Hills (SA) nickel projects. The Wingellina Nickel-Cobalt Project (Wingellina) is an undeveloped nickel-cobalt project in Australia and part of NiCo Resources Central Musgrave Project (CMP), which straddles the triple-point of the Western Australia, Northern Territory and South Australia borders. The CMP has a Mineral Resource of approximately two million tons of nickel and 154,000 tons of cobalt. The Project covers approximately 1,756 square kilometers (km2) of the mid-Proterozoic Musgrave Block, an east-west trending belt of granulite-gneiss basement rocks approximately 500 kilometers long. The Company’s Claude Hills Project is located approximately 30 kilometers (km) to the east of Wingellina.

Key Statistics of Nico Resources Ltd (NC1.AX)

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

Today's Range

AUD0.21AUD0.23

Today's Open

AUD0.23

Volume

157.71K

P/E Ratio (TTM)

52 Week Range

AUD0.07AUD0.40

Market Cap

33.51M

Avg. Volume

11.38K

Dividend Yield

Financial Metrics & Statements of Nico Resources Ltd (NC1.AX)

FAQ's for Nico Resources Ltd (NC1.AX)

According to Musaffa’s Shariah screening methodology, Nico Resources Ltd (NC1.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.