Is Nuenergy Gas Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Nuenergy Gas Ltd (NGY.AX) is currently classified as 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 Nuenergy Gas 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 Nuenergy Gas Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Nuenergy Gas Ltd?

Muslim investors may consider investing in Nuenergy Gas 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 Nuenergy Gas Ltd classified as HALAL?

Musaffa determines the Shariah status of Nuenergy Gas 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 Nuenergy Gas Ltd updated?

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

Can a halal stock like Nuenergy Gas 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 Nuenergy Gas Ltd?

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

NGY.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Nuenergy Gas Ltd. Stock Analysis NGY.AX

Australia Energy Nano Cap Report: Q2, 2025

NuEnergy Gas Ltd. is a gas and ancillary power generation development company, which focuses on the establishment of unconventional gas production in Indonesia and East Africa. The firm is primarily involved in the exploration, appraisal, and development of hydrocarbons with a primary focus on unconventional gas on coal seam gas, also known as coal bed methane (CBM). The firm operates onshore coal bed methane (CBM) Production Sharing Contracts (PSCs), such as Tanjung Enim PSC, Muara Enim PSC, Muara Enim II PSC and Muralim PSC. The Tanjung Enim PS is located approximately 50 kilometers and 130 kilometers from the industrial cities of Prabumulih and Palembang, respectively. The Muara Enim PSC is located about 45-60 kilometers and 100-120 kilometers from the industrial cities of Prabumulih and Palembang. The Muralim PSC is Located about 70 kilometer and 140 kilometers from the industrial cities of Prabumulih and Palembang respectively. Its subsidiaries include Dart Energy (Tanjung Enim) Pte Ltd, PT Trisula CBM Energi, and Dart Energy (Muralim) Pte Ltd.

Key Statistics of Nuenergy Gas Ltd (NGY.AX)

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

Today's Range

AUD0.03AUD0.04

Today's Open

AUD0.04

Volume

247.37K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.10

Market Cap

65.25M

Avg. Volume

60.87K

Dividend Yield

Financial Metrics & Statements of Nuenergy Gas Ltd (NGY.AX)

FAQ's for Nuenergy Gas Ltd (NGY.AX)

According to Musaffa’s Shariah screening methodology, Nuenergy Gas Ltd (NGY.AX) is currently classified as 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.