Is Sky Metals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sky Metals Ltd (SKY.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 Sky Metals 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 Sky Metals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sky Metals Ltd?

Muslim investors may consider investing in Sky Metals 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 Sky Metals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Sky Metals 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 Sky Metals Ltd updated?

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

Can a halal stock like Sky Metals 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 Sky Metals Ltd?

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

SKY.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Sky Metals Ltd. Stock Analysis SKY.AX

Australia Materials Micro Cap Report: Q2, 2025

Sky Metals Ltd. engages in the acquisition, exploration, and development of mineral resources. The company is headquartered in Orange, New South Wales. The company went IPO on 2004-03-11. The Company’s project portfolio offers exposure to tin, gold, copper, and other critical metals projects in the mining jurisdiction of New South Wales. Its tin projects include Tallebung Tin Project, Doradilla Project and Narriah Project. Its gold projects include Cullarin Project, Caledonian Project, and Kangiara project. Its gold-copper projects include the Iron Duke Project and Galwadgere project. Its 100% owned flagship project is Tallebung project is located over 70 kilometers (km) north-west of Condobolin in central-western New South Wales. The Doradilla Project is located approximately 45 km south-east of Bourke in western New South Wales and is considered prospective for polymetallic tin, copper, silver, bismuth, indium and zinc mineralization. The Narriah Project (EL9524) is located approximately 10 km south-southeast of Rankin Springs in southwest New South Wales.

Key Statistics of Sky Metals Ltd (SKY.AX)

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

Today's Range

AUD0.24AUD0.25

Today's Open

AUD0.25

Volume

3.53M

P/E Ratio (TTM)

52 Week Range

AUD0.04AUD0.25

Market Cap

172.97M

Avg. Volume

3.09M

Dividend Yield

Financial Metrics & Statements of Sky Metals Ltd (SKY.AX)

FAQ's for Sky Metals Ltd (SKY.AX)

According to Musaffa’s Shariah screening methodology, Sky Metals Ltd (SKY.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.