Is Nex Metals Explorations Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Nex Metals Explorations Ltd (NME.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 Nex Metals Explorations 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 Nex Metals Explorations Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Nex Metals Explorations Ltd?

Muslim investors may consider investing in Nex Metals Explorations 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 Nex Metals Explorations Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Nex Metals Explorations 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 Nex Metals Explorations Ltd updated?

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

Can a halal stock like Nex Metals Explorations 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 Nex Metals Explorations Ltd?

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

NME.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Nex Metals Explorations Ltd. Stock Analysis NME.AX

Australia Materials Nano Cap Report: Q2, 2025

Nex Metals Explorations Ltd. engages in the exploration of gold, copper and nickel. The firm holds a suite of prospective tenements in Kookynie and Yundamindra area. Its projects include Kookynie Gold project, Yundamindra Gold project, and Kookynie Tailings Research Project. The Kookynie Gold Project lies approximately 180 kilometers (kms) north of Kalgoorlie, 50 kms south of Leonora and approximately 25 kms from the bitumen Goldfields Highway linking Kalgoorlie to Leonora in the Eastern Goldfields of Western Australia. The Yundamindra Gold Project is located 65 kms southeast of Leonora and 65 kms east of Kookynie. The Yundamindra Project consists of nine granted mining leases, which the Company holds the rights to explore. The firm's Kookynie Tailings Research Project has drilled a total of 81 air core holes for approximately 497 meters over the tailing's stockpiles.

Key Statistics of Nex Metals Explorations Ltd (NME.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

256.22K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

6.04M

Avg. Volume

20.89K

Dividend Yield

Financial Metrics & Statements of Nex Metals Explorations Ltd (NME.AX)

FAQ's for Nex Metals Explorations Ltd (NME.AX)

According to Musaffa’s Shariah screening methodology, Nex Metals Explorations Ltd (NME.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.