Is Nimy Resources Ltd halal to invest in?

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

Can Muslims buy shares of Nimy Resources Ltd?

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

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

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

Can a halal stock like Nimy 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 Nimy Resources Ltd?

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

NIM.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Nimy Resources Ltd. Stock Analysis NIM.AX

Australia Materials Nano Cap Report: Q2, 2025

Nimy Resources Ltd. operates as a nickel resources exploration company. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-11-22. The firm is focused on the discovery of critical minerals in Western Australia. The company is focused on the development of the Mons Project, a district scale land holding consisting of approximately 17 approved tenements over an area of 3004 square kilometers covering approximately 80 kilometers (kms) north/south strike of mafic and ultramafic sequences. Mons is located approximately 140 km north-northwest of Southern Cross and covers the Karroun Hill district at the northern end of the Forrestania belt. The Mons Project is located 370 kms northeast of Perth in the Yilgarn region of Western Australia. The tenement package is prospective for nickel, lithium, rare earths, gold, other precious metals, and base metals targets. Its subsidiaries include Nimy Pty Ltd and Karroun Hill Resources Pty Ltd.

Key Statistics of Nimy Resources Ltd (NIM.AX)

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

Today's Range

AUD0.06AUD0.06

Today's Open

AUD0.06

Volume

103.39K

P/E Ratio (TTM)

52 Week Range

AUD0.05AUD0.13

Market Cap

21.21M

Avg. Volume

100.85K

Dividend Yield

Financial Metrics & Statements of Nimy Resources Ltd (NIM.AX)

FAQ's for Nimy Resources Ltd (NIM.AX)

According to Musaffa’s Shariah screening methodology, Nimy Resources Ltd (NIM.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.