No. As of October 2026, Pure Resources Ltd (PR1.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Pure Resources Ltd does not pass Musaffa's business and financial screening criteria.
Pure Resources Ltd. is an eminent battery metal focused company, which engages in the business of exploration and evaluation operations. The principal activities of the Company include exploration for lithium, nickel and gold in Australia. The firm 100% owns Garnet Hills Project, which provides upstream exposure to graphite and garnet under a granted mining lease in Western Australia. Its projects include Reedy Creek Garnet Project, Killarney Project, Mount Monger Project, Yandal Project, and Yundamindra Project. The Killarney Project comprises one tenement located about 140km north-east of the town of Halls Creek. The Mount Monger Project is situated within the Mount Monger mining district 55 km southeast of Kalgoorlie and is accessed via Mount Monger Rd. The Yandal Project consists of granted exploration license E53/2023 that covers an area of approximately 43 km2, which is prospective for gold mineralization, and is situated in the Archean aged Yandal Greenstone belt in the Eastern Goldfields region of Western Australia.
Pure Resources Ltd PR1.AX
AUD0.29 AUD0.02 (4.92%) 1D
Last Updated: Oct 02, 12:00 AM·ASX
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PR1.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Pure Resources Ltd is classified as not halal.
NOT HALAL
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FAQ's for Pure Resources Ltd (PR1.AX)
As of October 2026, Pure Resources Ltd PR1.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 Pure Resources Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Pure 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.
Musaffa determines the Shariah status of Pure Resources 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 Pure Resources 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 Pure Resources 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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