Is New Frontier Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, New Frontier Minerals Ltd (NFM.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 Frontier Minerals 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 Frontier Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of New Frontier Minerals Ltd?

Muslim investors may consider investing in New Frontier Minerals 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 Frontier Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of New Frontier Minerals 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 Frontier Minerals Ltd updated?

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

Can a halal stock like New Frontier Minerals 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 Frontier Minerals Ltd?

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

NFM.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

New Frontier Minerals Ltd. Stock Analysis NFM.AX

Australia Materials Nano Cap Report: Q2, 2025

New Frontier Minerals Ltd. engages in the business of mineral exploration and examination of new resource opportunities which focuses on copper, cobalt, and rare earth elements projects in Australia and Zambia. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2010-12-14. Its projects include the Harts Range Project and the NWQ Copper Project. The Harts Range Project comprises two granted tenements and an application license for a total of 135 square kilometers (km2), approximately 140 kilometers (km) north-east of Alice Springs, with mining infrastructure and access to a skilled labor pool. The Harts Range Project is situated northwest of the Entia Dome and lies within the Harts Range Group. The NWQ Copper Project comprises five mineral leases, covering a total area of 977 km2. The NWQ Copper Project is located approximately 150 km north of Mt Isa in Queensland, and hosts several historic / operating copper mines, including Lady Annie, Mt Oxide and Capricorn Copper. Its additional project, Mkushi Project, is located within the Mwembeshi Shear Zone (MSZ).

Key Statistics of New Frontier Minerals Ltd (NFM.AX)

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

Today's Range

AUD0.01AUD0.01

Today's Open

AUD0.01

Volume

375.45K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

12.17M

Avg. Volume

467.83K

Dividend Yield

Financial Metrics & Statements of New Frontier Minerals Ltd (NFM.AX)

FAQ's for New Frontier Minerals Ltd (NFM.AX)

According to Musaffa’s Shariah screening methodology, New Frontier Minerals Ltd (NFM.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.