Is Odessa Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Odessa Minerals Ltd (ODE.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 Odessa Minerals 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 Odessa Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Odessa Minerals Ltd?

Muslim investors may consider investing in Odessa Minerals 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 Odessa Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Odessa Minerals 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 Odessa Minerals Ltd updated?

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

Can a halal stock like Odessa Minerals 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 Odessa Minerals Ltd?

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

ODE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Odessa Minerals Ltd. Stock Analysis ODE.AX

Australia Materials Nano Cap Report: Q2, 2025

Odessa Minerals Ltd. is a diamond exploration company, which engages in diamond discovery. The firm is a rare earth element (REE), lithium (Li) and diamond exploration company with a tenement holding of over 4,000 square kilometers (km2) in the Gascoyne and Kimberley Regions of Western Australia. The Lyndon REE/Lithium Project tenements total 811 square kilometers (km2) of highly prospective ground for REE/lithium exploration, immediately to the west of Dreadnought Resources’ Yin Project. Airborne geophysical data have defined seven thorium anomalies prospective for REE mineralization. The Aries Diamond Project is located approximately 30 kilometers (km) southeast of the Mt Barnett Roadhouse in Central Kimberley, approximately 240 southwest of the Argyle Diamond Mine and 250 km east of Derby. The Ellendale Project consists of exploration license applications ELA 04/2832, ELA 04/2830, ELA 04/2834 and ELA 04/2833, which were applied for by Odessa.

Key Statistics of Odessa Minerals Ltd (ODE.AX)

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

Today's Range

AUD0.02AUD0.03

Today's Open

AUD0.03

Volume

4.91M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

42.33M

Avg. Volume

1.15M

Dividend Yield

Financial Metrics & Statements of Odessa Minerals Ltd (ODE.AX)

FAQ's for Odessa Minerals Ltd (ODE.AX)

According to Musaffa’s Shariah screening methodology, Odessa Minerals Ltd (ODE.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.