No. As of September 2026, Odessa Minerals Ltd (ODE.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Odessa Minerals Ltd does not pass Musaffa's business and financial screening criteria.
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.
Odessa Minerals Ltd ODE.AX
AUD0.02
Last Updated: Sep 10, 12:00 AM·ASX
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ODE.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Odessa Minerals Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Odessa Minerals Ltd (ODE.AX)
FAQ's for Odessa Minerals Ltd (ODE.AX)
As of September 2026, Odessa Minerals Ltd ODE.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
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.
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.
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.
The Shariah compliance status of Odessa Minerals Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
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.
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