Is Somerset Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Somerset Minerals Ltd (SMM.AX) is currently classified as HALAL as of August 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 Somerset 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 Somerset Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Somerset Minerals Ltd?

Muslim investors may consider investing in Somerset 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 Somerset Minerals Ltd classified as HALAL?

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

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

Can a halal stock like Somerset 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 Somerset Minerals Ltd?

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

SMM.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: August 03, 2025

Report Source: 2025 2nd Quarter Report

Analyst's Ratings for Somerset Minerals Ltd (SMM.AX)

Based on 5 analysts giving stock ratings to Somerset Minerals Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Somerset Minerals Ltd. Stock Analysis SMM.AX

Australia Materials Nano Cap Report: Q2, 2025

Somerset Minerals Ltd. engages in the exploration and development of minerals. The company is headquartered in Perth, Western Australia. The company went IPO on 2018-08-15. Its project is the Blackdome-Elizabeth Project, a high-grade gold past producing project located in Southern British Columbia. In addition, the Company holds two exploration projects located in south-east Ecuador, the Rio Zarza and the Valle del Tigre projects. The company also owns the Prescott Base Metals Project in Nunavut, Canada. The Prescott Project consists of over 52 licenses covering approximately 624 square kilometers that are predominantly located on Prince of Wales and Somerset Island and are interpreted to host an anticlinal repetition of the same geological formation hosting American West Metals Limited’s Storm Copper Project. Exploration at the Prescott Project shall be principally targeting sediment hosted copper deposits, as well as Mississippi Valley-type (Zn-Pb) deposits.

Key Statistics of Somerset Minerals Ltd (SMM.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

1.42M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

18.10M

Avg. Volume

1.01M

Dividend Yield

Financial Metrics & Statements of Somerset Minerals Ltd (SMM.AX)

FAQ's for Somerset Minerals Ltd (SMM.AX)

According to Musaffa’s Shariah screening methodology, Somerset Minerals Ltd (SMM.AX) is currently classified as HALAL as of August 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.