Is Northern Minerals & Exploration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Northern Minerals & Exploration Ltd (NMEX) is currently classified as NOT HALAL as of October 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 Northern Minerals & Exploration 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 Northern Minerals & Exploration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Northern Minerals & Exploration Ltd?

Muslim investors may consider investing in Northern Minerals & Exploration 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 Northern Minerals & Exploration Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Northern Minerals & Exploration 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 Northern Minerals & Exploration Ltd updated?

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

Can a halal stock like Northern Minerals & Exploration 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 Northern Minerals & Exploration Ltd?

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

NMEX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 13, 2025

Report Source: 2025 3rd Quarter Report

Northern Minerals & Exploration Ltd. Stock Analysis NMEX

United States Energy Nano Cap Report: Q3, 2025

Northern Minerals & Exploration Ltd. is a natural resource company. The company is headquartered in Cisco, Texas. The company went IPO on 2008-05-05. The Company, through its subsidiary, Kathis Energy LLC, conducts oil and gas drilling programs in Texas. Its subsidiary, ENMEX Operations LLC, conducts business in Mexico in prospective real estate development projects.

Key Statistics of Northern Minerals & Exploration Ltd (NMEX)

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

Today's Range

$0.04$0.06

Today's Open

$0.06

Volume

46.80K

P/E Ratio (TTM)

52 Week Range

$0.03$0.25

Market Cap

7.80M

Avg. Volume

11.53K

Dividend Yield

Financial Metrics & Statements of Northern Minerals & Exploration Ltd (NMEX)

FAQ's for Northern Minerals & Exploration Ltd (NMEX)

According to Musaffa’s Shariah screening methodology, Northern Minerals & Exploration Ltd (NMEX) is currently classified as NOT HALAL as of October 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.