No. As of September 2026, RED 5 Limited (RED.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. RED 5 Limited does not pass Musaffa's business and financial screening criteria.
Red 5 Ltd. is a gold exploration and mining company, which engages in the development and exploration of mineral properties. The company is headquartered in Perth, Western Australia. The firm operates in four established mining hubs of scale in tier 1 gold jurisdictions of Western Australia and Ontario, which consists of King of the Hills Operations, Deflector Operations, Mount Monger Operations, and Sugar Zone Project. The King of the Hills Gold Mine is located 28km north of the town of Leonora. The Deflector Gold Copper Mine (Deflector) is located in the southern Murchison region of WA, 450km north of Perth and 160km east of the Western Australian regional city of Geraldton. The Mount Monger goldfield is located 50 km southeast of Kalgoorlie and is accessible via the Mount Monger road which is bitumen for 15 km then an all weather road for the remaining 35 km. The Sugar Zone mine is high grade underground mine in Northern Ontario, approximately 30km north of White River or midway between Thunder Bay and Sault St. Marie.
RED 5 Limited RED.AX
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Last Updated: Nov 22, 12:00 AM·XDUS
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RED.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, RED 5 Limited is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
RED 5 Limited (RED.AX) Chart
Financial Metrics & Statements of RED 5 Limited (RED.AX)
FAQ's for RED 5 Limited (RED.AX)
As of September 2026, RED 5 Limited RED.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 RED 5 Limited using these criteria to determine its compliance status.
Muslim investors may consider investing in RED 5 Limited 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 RED 5 Limited 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 RED 5 Limited 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 RED 5 Limited 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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