Is Redcastle Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Redcastle Resources Ltd (RC1.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 Redcastle 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 Redcastle Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Redcastle Resources Ltd?

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

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

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

Can a halal stock like Redcastle 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 Redcastle Resources Ltd?

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

RC1.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Redcastle Resources Ltd. Stock Analysis RC1.AX

Australia Materials Nano Cap Report: Q2, 2025

Redcastle Resources Ltd. engages in the business of gold and mineral resources exploration. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2003-03-21. The firm is focused on pursuing success at the 100% owned Redcastle Gold Project. The Redcastle Gold Project covers a prospective area of 1,088 hectares, surrounding the locality of the historical Redcastle Mining Centre within the Mt Morgans District of the Mt Margaret Mineral Field of Western Australia, approximately 60 kilometers (km) east of Leonora and 60 km west of Laverton in the North-eastern Goldfields. The Redcastle Project tenements consist of a mix of one granted mining lease, and various prospecting licenses. Its tenements include M39/318, P39/5184, P39/5307, P39/5568, P39/5573, P39/5814, P39/5815, P39/5858 and P39/6185.

Key Statistics of Redcastle Resources Ltd (RC1.AX)

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

Today's Range

AUD0.15AUD0.16

Today's Open

AUD0.15

Volume

16.23K

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.26

Market Cap

21.01M

Avg. Volume

2.15M

Dividend Yield

Financial Metrics & Statements of Redcastle Resources Ltd (RC1.AX)

FAQ's for Redcastle Resources Ltd (RC1.AX)

According to Musaffa’s Shariah screening methodology, Redcastle Resources Ltd (RC1.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.