Is Newfield Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Newfield Resources Ltd (NWF.AX) is currently classified as HALAL as of April 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 Newfield 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 Newfield Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Newfield Resources Ltd?

Muslim investors may consider investing in Newfield 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 Newfield Resources Ltd classified as HALAL?

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

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

Can a halal stock like Newfield 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 Newfield Resources Ltd?

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

NWF.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: April 18, 2025

Report Source: 2024 Annual Report

Newfield Resources Ltd. Stock Analysis NWF.AX

Australia Materials Micro Cap Report: 2024 Annual

Newfield Resources Ltd. engages in mine development, stope mining, and mineral exploration. The Company’s flagship asset is the Tongo Diamond Mine, which is located in eastern Sierra Leone. The Tongo Mine Development combines kimberlite dyke hosted diamond resources on two adjacent mining licenses that cover over 134 square kilometers and host 11 known kimberlites. The Company’s Kumbgo Kimberlite Project (Liberia) comprises two exploration licenses that cover a total of 670 square kilometers (Km2) in the west of Liberia. The Tongo Kimberlite Mine has two tenements, ML02/2018 and ML02/2012. The Kumbgo project has two tenements, MEL1157/14 and MEL1158/14. Its Newfield Gold project has two tenements, M77/0422 and M77/0846.

Key Statistics of Newfield Resources Ltd (NWF.AX)

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

Today's Range

AUD0.08AUD0.09

Today's Open

AUD0.08

Volume

71.76K

P/E Ratio (TTM)

52 Week Range

AUD0.09AUD0.40

Market Cap

83.72M

Avg. Volume

16.36K

Dividend Yield

Financial Metrics & Statements of Newfield Resources Ltd (NWF.AX)

FAQ's for Newfield Resources Ltd (NWF.AX)

According to Musaffa’s Shariah screening methodology, Newfield Resources Ltd (NWF.AX) is currently classified as HALAL as of April 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.