Is Southern Palladium Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Southern Palladium Ltd (SPD.AX) is currently classified as NOT HALAL as of October 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 Southern Palladium 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 Southern Palladium Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Southern Palladium Ltd?

Muslim investors may consider investing in Southern Palladium 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 Southern Palladium Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Southern Palladium 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 Southern Palladium Ltd updated?

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

Can a halal stock like Southern Palladium 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 Southern Palladium Ltd?

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

SPD.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 19, 2025

Report Source: 2025 Annual Report

Southern Palladium Ltd. Stock Analysis SPD.AX

Australia Materials Micro Cap Report: 2025 Annual

Southern Palladium Ltd. engages in the provision of acquisition and advancement of Platinum Group Metal (PGM) project in South Africa. The company is headquartered in Sydney, New South Wales. The company went IPO on 2022-06-08. The main business activity of the Company is the advancement of Bengwenyama PGM project, located in South Africa. The Bengwenyama Project is a large shallow advanced exploration and pre-development PGM opportunity situated on the Eastern Limb of the Bushveld Complex and south of the Anglo Platinum Modikwa property. The Project lies approximately five km west of the village of Steelpoort, 20 kilometers (km) west-southwest of the larger town of Burgersfort, and 250 km east-northeast of Pretoria. The Project has a total areal extent of 5,279.74 hectares. Two economic reefs, the Merensky and UG2 reefs, occur on the Properties, which extend from surface to a depth of 1,100 meters over 10 km downdip. Both these reefs are primary economic deposits exploited by other platinum mining companies for PGMs and base metals in the region.

Key Statistics of Southern Palladium Ltd (SPD.AX)

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

Today's Range

AUD1.59AUD1.69

Today's Open

AUD1.68

Volume

41.39K

P/E Ratio (TTM)

52 Week Range

AUD0.20AUD2.91

Market Cap

192.15M

Avg. Volume

5187.40

Dividend Yield

Financial Metrics & Statements of Southern Palladium Ltd (SPD.AX)

FAQ's for Southern Palladium Ltd (SPD.AX)

According to Musaffa’s Shariah screening methodology, Southern Palladium Ltd (SPD.AX) is currently classified as NOT HALAL as of October 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.