Is Surefire Resources NL halal to invest in?

According to Musaffa's Shariah screening methodology, Surefire Resources NL (SRN.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 Surefire Resources NL 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 Surefire Resources NL using these criteria to determine its compliance status.

Can Muslims buy shares of Surefire Resources NL?

Muslim investors may consider investing in Surefire Resources NL 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 Surefire Resources NL classified as NOT HALAL?

Musaffa determines the Shariah status of Surefire Resources NL 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 Surefire Resources NL updated?

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

Can a halal stock like Surefire Resources NL 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 Surefire Resources NL?

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

SRN.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Surefire Resources NL. Stock Analysis SRN.AX

Australia Materials Nano Cap Report: Q2, 2025

Surefire Resources NL engages in the exploration of mineral resources. The firm holds mineral exploration licenses over Vanadium, Magnetite and Gold projects located in Western Australia. The company is focused on Victory Bore Vanadium critical and battery minerals project. The Victory Bore project is located in the Mid-West region of Western Australia. Its Perenjori Iron Ore Project is located within 15 kilometers (km) of both the Morawa-Peronjori trunk rail line and the Karara rail spur. Its Yidby Gold Project is situated within the southern portion of the Yalgoo-Singleton Greenstone Belt, 40 km from Paynes Find and 400 km northeast of Perth. The project is also surrounded by several significant gold projects. Its Kooline Lead-Silver Project tenements cover almost 50 km strike length of mineralized Ashburton Formation and are located 55 km south of the one Moz Paulsen’s gold mine and 190 km northwest of Paraburdoo in the Ashburton province of Western Australia.

Key Statistics of Surefire Resources NL (SRN.AX)

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

Today's Range

AUD0.02AUD0.03

Today's Open

AUD0.02

Volume

29.33K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.10

Market Cap

4.03M

Avg. Volume

2.22M

Dividend Yield

Financial Metrics & Statements of Surefire Resources NL (SRN.AX)

FAQ's for Surefire Resources NL (SRN.AX)

According to Musaffa’s Shariah screening methodology, Surefire Resources NL (SRN.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.