NGX Ltd NGXLF
$0.05
Last Updated: Aug 05, 12:00 AM·OOTC
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NGXLF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, NGX Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
NGX Ltd. Stock Analysis NGXLF
United States Materials Nano Cap 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.
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Financial Metrics & Statements of NGX Ltd (NGXLF)
FAQ's for NGX Ltd (NGXLF)
- As of August 2026, NGX Ltd NGXLF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- 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.
- 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.
- 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.
- The Shariah compliance status of NGX Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- 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.
Alternate Halal Stocks for NGX Ltd (NGXLF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
