Thungela Resources Ltd TNGRF
$7.40 $0.38 (5.41%) 1D
Last Updated: Aug 21, 12:00 AM·OOTC
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TNGRF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Thungela Resources Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Thungela Resources Ltd. Stock Analysis TNGRF
United States Energy Small Cap Thungela Resources Ltd. engages in the production and marketing of thermal coal reserves. The company is headquartered in Johannesburg, Gauteng and currently employs 4,493 full-time employees. The company went IPO on 2021-06-07. The firm owns interests in and produces its thermal coal from seven mining operations. The Company’s segments include South Africa and Australia. The Opencast mining operations undertaken in an opencast mine where coal is extracted include the mining operations: Isibonelo, Khwezela, Mafube and Rietvlei. The Underground mining operations undertaken in an underground mine where coal is extracted include the mining operations: Zibulo, Greenside, Goedehoop, and Elders project. Its services operations provide various services to support the ongoing operations of the Company. Its Underground mining operations undertaken in an underground mine where coal is extracted at Ensham, as well as the operations providing various services to support the mining operations in that country. The company holds a 50% interest in the Phola Coal Processing Plant, and a 23% indirect interest in the Richards Bay Coal Terminal.
Thungela Resources Ltd (TNGRF) Chart
Financial Metrics & Statements of Thungela Resources Ltd (TNGRF)
FAQ's for Thungela Resources Ltd (TNGRF)
- As of August 2026, Thungela Resources Ltd TNGRF 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 Thungela Resources Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Thungela 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.
- Musaffa determines the Shariah status of Thungela Resources 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 Thungela Resources 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 Thungela Resources Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Thungela Resources Ltd (TNGRF)
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