Is Narryer Metals Ltd halal to invest in?

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

Can Muslims buy shares of Narryer Metals Ltd?

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

Musaffa determines the Shariah status of Narryer Metals 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 Narryer Metals Ltd updated?

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

Can a halal stock like Narryer Metals 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 Narryer Metals Ltd?

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

NYM.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Narryer Metals Ltd. Stock Analysis NYM.AX

Australia Materials Nano Cap Report: Q2, 2025

Narryer Metals Ltd. operates as a junior exploration company. The company is headquartered in Perth, Western Australia. The company went IPO on 2022-04-14. The firm is exploring for pegmatite-hosted lithium in Canada with projects in areas: Yellowknife region, Northwest Territories, NW Ontario, and the James Bay Region, Quebec. Its focus is nickel-copper-platinum group element (Ni-Cu-PGE) sulfide deposits and Rare Earth Elements in Western Australia and Gawler Craton, South Australia. Three of the projects (Pontax East, Walrus Island and Le Moyne) are located in prospective Archean granite-greenstones of the James Bay region of Quebec. The Narryer Project covers the Narryer Terrane and is located along the western edge of the Archaean Yilgarn Craton. The Rocky Gully Project consist of two tenements over an area of 79 square kilometers, located over 43 kilometers west of Mt Barker, Western Australia. The company also holds 70% interest in two lithium-tantalum exploration projects (the Big Hill and Fran Projects) located in the Yellowknife Lithium Province, Canada.

Key Statistics of Narryer Metals Ltd (NYM.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

57.36K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.08

Market Cap

4.05M

Avg. Volume

79.41K

Dividend Yield

Financial Metrics & Statements of Narryer Metals Ltd (NYM.AX)

FAQ's for Narryer Metals Ltd (NYM.AX)

According to Musaffa’s Shariah screening methodology, Narryer Metals Ltd (NYM.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.