Is QX Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, QX Resources Ltd (QXR.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 QX Resources 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 QX Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of QX Resources Ltd?

Muslim investors may consider investing in QX 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.

Why is QX Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of QX Resources 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 QX Resources Ltd updated?

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

Can a halal stock like QX Resources 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 QX Resources Ltd?

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

QXR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

QX Resources Ltd. Stock Analysis QXR.AX

Australia Materials Nano Cap Report: Q2, 2025

QX Resources Ltd. engages in the business of exploring and developing battery minerals with hard rock lithium assets in a prime location of Western Australia and gold-molybdenum assets in Queensland. The company is headquartered in Perth, Western Australia. The company went IPO on 2011-02-17. The Liberty Lithium Brine Project located in SaltFire Flat, California, is made up of approximately 1,265 contiguous claims over 102 square kilometers (km2) (25,300 acres). The firm owns 100% owned hard-rock lithium projects, covering 355 km2, strategically centered around Western Australia’s prolific Pilbara province, hosting some of Australia’s lithium deposits. Its portfolio consists of Turner River (E45/6042 and E45/6065), Western Shaw (E45/4960 and E45/6107), Split Rock (E46/1367) and Yule River (E45/6159). Its gold portfolio consists of two Central Queensland gold projects, Lucky Break and Belyando, through an earn-in agreement. Both gold projects are located within the Drummond Basin.

Key Statistics of QX Resources Ltd (QXR.AX)

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

Today's Range

AUD0.00AUD0.00

Today's Open

AUD0.00

Volume

4367.00

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.01

Market Cap

8.63M

Avg. Volume

170.94K

Dividend Yield

Financial Metrics & Statements of QX Resources Ltd (QXR.AX)

FAQ's for QX Resources Ltd (QXR.AX)

According to Musaffa’s Shariah screening methodology, QX Resources Ltd (QXR.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.