Is Torque Metals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Torque Metals Ltd (TOR.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 Torque Metals 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 Torque Metals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Torque Metals Ltd?

Muslim investors may consider investing in Torque Metals 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 Torque Metals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Torque Metals 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 Torque Metals Ltd updated?

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

Can a halal stock like Torque Metals 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 Torque Metals Ltd?

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

TOR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 18, 2025

Report Source: 2025 Annual Report

Torque Metals Ltd. Stock Analysis TOR.AX

Australia Materials Micro Cap Report: 2025 Annual

Torque Metals Ltd. is a mineral exploration company. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-06-25. The Company’s projects include Paris Gold Project, New Dawn Gold Project, Edleston Gold Project, and Penzance Gold Project. Its Paris Exploration Camp is the prime asset of the Company, which covers approximately 1,200 square kilometers (km2) of land, including 16 mining licenses, two prospecting licenses and 48 exploration licenses. The Paris Gold Project mineral resource estimate3 (MRE3) includes three deposits (Paris, HHH and Observation). The Edleston Gold Project is situated in the Abitibi Belt, approximately 60km via road to the south of Timmins, Ontario, Canada. Its over 310km2 land package is surrounded by numerous processing facilities including Alamos Gold, IAMGOLD and Newmont. New Dawn’s gold potential lies in the northernmost area of the project, also known as New Dawn North. The New Dawn Gold Project comprised of approximately four exploration licenses.

Key Statistics of Torque Metals Ltd (TOR.AX)

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

Today's Range

AUD0.41AUD0.43

Today's Open

AUD0.42

Volume

1.67M

P/E Ratio (TTM)

52 Week Range

AUD0.09AUD0.56

Market Cap

262.43M

Avg. Volume

2.47M

Dividend Yield

Financial Metrics & Statements of Torque Metals Ltd (TOR.AX)

FAQ's for Torque Metals Ltd (TOR.AX)

According to Musaffa’s Shariah screening methodology, Torque Metals Ltd (TOR.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.