Rand Mining Ltd RND.AX
AUD2.12
Last Updated: Sep 30, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
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Is Rand Mining Ltd Stock Halal?
Shariah Compliance Analysis of RND.AX Stock
Australia Materials Micro Cap Yes. As of October 2026, Rand Mining Ltd (RND.AX) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Rand Mining Ltd passes Musaffa's business and financial screening criteria.
Rand Mining Ltd. engages in the provision of exploration, development and production of mineral resources. The company is headquartered in Perth, Western Australia. The Company’s East Kundana Joint Venture (EKJV) is an operational underground gold mining project located in the Kundana area 25 kilometers (km) west northwest of Kalgoorlie and 47 km northeast of Coolgardie. The project comprises two producing underground mines Raleigh and Rubicon/Hornet /Pegasus (RHP). The Hornet orebody is located 600 meters (m) to the south of the Rubicon orebody. The Pegasus deposit is located approximately 480 m to the north of Rubicon and also accessed from the Rubicon decline.
RND.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Rand Mining Ltd is classified as halal.
HALALRand Mining Ltd (RND.AX) Chart
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Financial Metrics & Statements of Rand Mining Ltd (RND.AX)
FAQ's for Rand Mining Ltd (RND.AX)
- As of October 2026, Rand Mining Ltd RND.AX is classified as 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 Rand Mining Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Rand Mining 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.
- Musaffa determines the Shariah status of Rand Mining Ltd 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 Rand Mining Ltd 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 Rand Mining Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Rand Mining Ltd (RND.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
