Is Red Metal Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Red Metal Ltd (RDM.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 Red Metal 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 Red Metal Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Red Metal Ltd?

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

Musaffa determines the Shariah status of Red Metal 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 Red Metal Ltd updated?

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

Can a halal stock like Red Metal 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 Red Metal Ltd?

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

RDM.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 28, 2025

Report Source: 2025 2nd Quarter Report

Red Metal Ltd. Stock Analysis RDM.AX

Australia Materials Nano Cap Report: Q2, 2025

Red Metal Ltd. engages in the acquisition and exploration of mineral prospects. The principal activities of the Company are acquisition and exploration of mineral prospects in Australia. The firm's projects include Pulkarrimarra Project Copper-Cobalt & Gold-Copper, Gulf copper-gold project and Lawn Hill Project. Its funded projects include Gidyea copper-gold project, Corkwood Copper-Gold project, Three Ways Project, Pardoo Nickel-Copper and Gold project, Punt Hill and Pernatty Lagoon Copper-Gold project, Nullarbor Project, and Callabonna Copper-Gold project. The firm's other projects are located in the regions, including Queensland, Western Australia and Northern Territory. The Corkwood project is situated about 100 kilometers northwest of Glencore’s Ernest Henry copper-gold mine and about 60 kilometers north of the Little Eva copper-gold deposit.

Key Statistics of Red Metal Ltd (RDM.AX)

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

Today's Range

AUD0.13AUD0.15

Today's Open

AUD0.14

Volume

602.42K

P/E Ratio (TTM)

52 Week Range

AUD0.08AUD0.20

Market Cap

53.70M

Avg. Volume

236.97K

Dividend Yield

Financial Metrics & Statements of Red Metal Ltd (RDM.AX)

FAQ's for Red Metal Ltd (RDM.AX)

According to Musaffa’s Shariah screening methodology, Red Metal Ltd (RDM.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.