Is Scorpion Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Scorpion Minerals Ltd (SCN.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 Scorpion Minerals 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 Scorpion Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Scorpion Minerals Ltd?

Muslim investors may consider investing in Scorpion Minerals 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 Scorpion Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Scorpion Minerals 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 Scorpion Minerals Ltd updated?

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

Can a halal stock like Scorpion Minerals 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 Scorpion Minerals Ltd?

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

SCN.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Scorpion Minerals Ltd. Stock Analysis SCN.AX

Australia Materials Nano Cap Report: Q2, 2025

Scorpion Minerals Ltd. engages in the exploration of mineral resources. The company is headquartered in Balcatta, Western Australia. The company went IPO on 2007-03-07. The firm is focused on its Pharos and Youanmi Projects, located in the Murchison Province of Western Australia. The Pharos project consists of 1,295 square kilometers of granted tenure, located approximately 50 kilometers (km) northwest of the small mining town of Cue in the Murchison Mineral Field. The project is prospective for lithium, PGE-Ni-Cu, gold, iron ore and VMS hosted Cu-Zn-Ag-Au mineralization and contains the Mt Mulcahy deposit. The prospective Youanmi Project covers an area of 177 square kilometers and is located 450 km northeast of Perth in the East Murchison Mineral Field. The Youanmi project consists of 279 square kilometers of granted tenure, located approximately 130 kilometers northeast of the small mining center of Payne’s Find in the East Murchison Mineral Field. The Youanmi project is prospective for lithium, PGE-Ni-Cu, gold and vanadium mineralization.

Key Statistics of Scorpion Minerals Ltd (SCN.AX)

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

Today's Range

AUD0.03AUD0.03

Today's Open

AUD0.03

Volume

1.67M

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.05

Market Cap

15.19M

Avg. Volume

103.66K

Dividend Yield

Financial Metrics & Statements of Scorpion Minerals Ltd (SCN.AX)

FAQ's for Scorpion Minerals Ltd (SCN.AX)

According to Musaffa’s Shariah screening methodology, Scorpion Minerals Ltd (SCN.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.