No. As of October 2026, Southern Hemisphere Mining Ltd (SUH.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Southern Hemisphere Mining Ltd does not pass Musaffa's business and financial screening criteria.
Southern Hemisphere Mining Ltd. is an exploration stage company, which engages in the acquisition and exploration of mineral properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-11-03. The firm's projects include the Llahuin Copper-Gold-Moly Project, Los Pumas Battery Metal Manganese Project. Its Llahuin deposits are located close to the city of Illapel, in the Coquimbo Region, 250 kms north of Santiago in Chile, at an elevation of 1,300 meters (m), and eight kilometers (km) east of the large El Espino Copper-Gold mine development operated by Santiago listed copper producer Pucobre. The Los Pumas Manganese Project is located approximately 175 km east of the port city of Arica, Chile. The Los Pumas Manganese Project is an advanced manganese deposit for which the Company is seeking offtake/joint venture (JV) funding/sale for a long-life mine to produce agriculture products for soil improvement, electrolytic manganese for steel making and/or high-purity manganese sulphate monohydrate (HPMSM) to supply the electric vehicle and energy storage markets.
Southern Hemisphere Mining Ltd SUH.AX
AUD0.03
Last Updated: Oct 06, 12:00 AM·ASX
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SUH.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Southern Hemisphere Mining Ltd is classified as not halal.
NOT HALAL
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FAQ's for Southern Hemisphere Mining Ltd (SUH.AX)
As of October 2026, Southern Hemisphere Mining Ltd SUH.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Southern Hemisphere Mining Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Southern Hemisphere Mining 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.
Musaffa determines the Shariah status of Southern Hemisphere Mining Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Southern Hemisphere Mining Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Southern Hemisphere Mining Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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