Peel Mining Ltd PEX.AX
AUD0.16 AUD0.01 (3.03%) 1D
Last Updated: Jun 22, 12:00 AM·ASX
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Is Peel Mining Ltd Stock Halal?
Shariah Compliance Analysis of PEX.AX Stock
Australia Materials Micro Cap No. As of September 2026, Peel Mining Ltd (PEX.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Peel Mining Ltd does not pass Musaffa's business and financial screening criteria.
Peel Mining Ltd. engages in the exploration and development of precious, base, and specialty metals resources in New South Wales and Western Australia, Australia. The firm is focused on exploration and development of its projects in the Cobar Region of New South Wales, Australia. The firm's projects include the Mallee Bull Project, Wirlong Project, May Day Project and Southern Nights / Wagga Tank. The Mallee Bull Copper Project is located approximately 100 kilometers (km) south of Cobar in western New South Wales (NSW) and is situated on a 20,000-acre pastoral lease owned by Peel Mining. The Wirlong Project is located over 75 km south of Cobar and 30 km southwest of Nymagee, NSW. The May Day Pit is located approximately 105km south-southeast of Cobar in western NSW. The Southern Nights / Wagga Tank project can be divided into two prospects: Wagga Tank to the North and Southern Nights over one km to the South. They are located over 130 km south of Cobar and 30 km northwest of Mount Hope in central NSW.
PEX.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Peel Mining Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Peel Mining Ltd (PEX.AX) Chart
Financial Metrics & Statements of Peel Mining Ltd (PEX.AX)
FAQ's for Peel Mining Ltd (PEX.AX)
- As of September 2026, Peel Mining Ltd PEX.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 Peel Mining Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Peel Mining 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 Peel Mining 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 Peel Mining 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 Peel Mining Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Peel Mining Ltd (PEX.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
