Is Reach Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Reach Resources Ltd (RR1.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 Reach 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 Reach Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Reach Resources Ltd?

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

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

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

Can a halal stock like Reach 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 Reach Resources Ltd?

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

RR1.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Reach Resources Ltd. Stock Analysis RR1.AX

Australia Materials Nano Cap Report: Q2, 2025

Reach Resources Ltd. is an exploration company, which engages in the exploration of gold and base metals. The principal activities of the Company include exploration and evaluation of mineral resource projects company. The firm has a diversified portfolio of projects lead by the Murchison South Gold project near Payne’s Find, Western Australia. The firm has also advanced lithium, manganese and rare earth elements (REE) exploration assets in the resource rich Gascoyne Mineral Field. The firm is advancing two shallow open pits at Blue Heaven and Pansy. Its tenements include L59/184, M59/662, E09/2646, E09/2542, P59/2160, M59/769, and others. In addition, the Company is investing in a downstream patented technology that recycles the rare earth elements from the permanent magnets required in electric vehicles, wind turbines, hard disk drives and MRI machines.

Key Statistics of Reach Resources Ltd (RR1.AX)

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

Today's Range

AUD0.01AUD0.01

Today's Open

AUD0.01

Volume

4.77M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.02

Market Cap

13.47M

Avg. Volume

277.11K

Dividend Yield

Financial Metrics & Statements of Reach Resources Ltd (RR1.AX)

FAQ's for Reach Resources Ltd (RR1.AX)

According to Musaffa’s Shariah screening methodology, Reach Resources Ltd (RR1.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.