Is NGX Ltd halal to invest in?

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

Can Muslims buy shares of NGX Ltd?

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

Musaffa determines the Shariah status of NGX 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 NGX Ltd updated?

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

Can a halal stock like NGX 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 NGX Ltd?

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

NGX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

NGX Ltd. Stock Analysis NGX.AX

Australia Materials Nano Cap Report: Q2, 2025

NGX Ltd. engages in the exploration and development of natural graphite properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2023-06-16. The firm is engaged in developing a portfolio of African projects focusing on minerals critical to the clean energy transition. Its natural graphite projects include Malingunde Project, Nanzeka Project, Duwi Project, Lifidzi Project, and Msinga Project. The Malingunde Project is located in the Central Region of the Lilongwe District of Malawi, approximately 20 kilometers (km) southwest of Malawi's capital, Lilongwe. The Nanzeka Project is located over 60 km north of Malawi’s capital Lilongwe. The Duwi Project is located over 15 km east of Malawi's capital, Lilongwe. The firm holds two exclusive prospecting license applications (EPL) in Namibia, Tubusis (EPL9629) and Rossingburg (EPL9921) projects. Tubusis (EPL9629), a 113 square kilometers license application, to the northeast of Swakopmund.

Key Statistics of NGX Ltd (NGX.AX)

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

Today's Range

AUD0.10AUD0.11

Today's Open

AUD0.11

Volume

10.15K

P/E Ratio (TTM)

52 Week Range

AUD0.08AUD0.20

Market Cap

9.51M

Avg. Volume

51.77K

Dividend Yield

Financial Metrics & Statements of NGX Ltd (NGX.AX)

FAQ's for NGX Ltd (NGX.AX)

According to Musaffa’s Shariah screening methodology, NGX Ltd (NGX.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.