Is QMines Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, QMines Ltd (QML.AX) is currently classified as NOT HALAL as of August 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 QMines 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 QMines Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of QMines Ltd?

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

Musaffa determines the Shariah status of QMines 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 QMines Ltd updated?

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

Can a halal stock like QMines 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 QMines Ltd?

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

QML.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 01, 2025

Report Source: 2025 2nd Quarter Report

QMines Ltd. Stock Analysis QML.AX

Australia Materials Nano Cap Report: Q2, 2025

QMines Ltd. engages in the exploration and development of copper and gold. The firm owns 100% of the Mt Chalmers (copper-gold), Develin Creek (copper-zinc) and Mt Mackenzie (gold and silver) projects, located within 90 kilometers (km) of Rockhampton in Queensland. The Company’s flagship project, Mt Chalmers, situated 17 km north-east of Rockhampton, consists of five exploration permits for minerals and covers approximately 316 square kilometers. The Develin Creek Project is located approximately 90 km west of Rockhampton in Queensland. The project consists of two tenements, EPM 17604 and EPM 16749, for a total area of approximately 272 square kilometers. The firm's Mt Mackenzie Project is an advanced-stage gold and silver project located approximately 140 km northwest of Rockhampton. The project includes two parcels of freehold land and two granted tenements (EPM 10006 and MDL 2008).

Key Statistics of QMines Ltd (QML.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

906.58K

P/E Ratio (TTM)

52 Week Range

AUD0.03AUD0.07

Market Cap

36.91M

Avg. Volume

170.90K

Dividend Yield

Financial Metrics & Statements of QMines Ltd (QML.AX)

FAQ's for QMines Ltd (QML.AX)

According to Musaffa’s Shariah screening methodology, QMines Ltd (QML.AX) is currently classified as NOT HALAL as of August 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.