Is Superior Resources Ltd halal to invest in?

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

Can Muslims buy shares of Superior Resources Ltd?

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

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

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

Can a halal stock like Superior 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 Superior Resources Ltd?

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

SPQ.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Superior Resources Ltd. Stock Analysis SPQ.AX

Australia Materials Nano Cap Report: Q2, 2025

Superior Resources Ltd. engages in the acquisition, development, and exploration of mineral properties. The company is headquartered in Brisbane, Queensland. The company went IPO on 2007-11-12. The company is focused on the exploration for copper-gold and magmatic nickel sulphide deposits in northern Queensland, Australia. Its projects include Greenvale Project, Nicholson Project, and Victor Project. The Greenvale Project is situated in North Queensland and fully owned by Superior, stands as the northernmost stretch of the Ordovician Macquarie Arc, dubbed the Lucky Creek Corridor. The Nicholson Project is located in the Carpentaria Zinc Province of north-west Queensland. The Victor Project encompasses four exploration permits that collectively span 438 square kilometers situated within the Carpentaria Zinc Province in northwest Queensland. The Victor Project is located 150 kilometers north-west of the prolific Mount Isa Mine. The company also holds 100% interest in Hedleys Uranium Project.

Key Statistics of Superior Resources Ltd (SPQ.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

1.25M

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.02

Market Cap

15.84M

Avg. Volume

1.36M

Dividend Yield

Financial Metrics & Statements of Superior Resources Ltd (SPQ.AX)

FAQ's for Superior Resources Ltd (SPQ.AX)

According to Musaffa’s Shariah screening methodology, Superior Resources Ltd (SPQ.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.