Is Toubani Resources Ltd halal to invest in?

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

Can Muslims buy shares of Toubani Resources Ltd?

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

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

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

Can a halal stock like Toubani 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 Toubani Resources Ltd?

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

TRE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2024 Annual Report

Analyst's Ratings for Toubani Resources Ltd (TRE.AX)

Based on 5 analysts giving stock ratings to Toubani Resources Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Toubani Resources Ltd. Stock Analysis TRE.AX

Australia Materials Micro Cap Report: 2024 Annual

Toubani Resources Ltd. is a gold exploration and development company engaged in the exploration and development of properties located in Mali, West Africa. The firm is focused on gold development projects with its oxide dominant Kobada Gold Project. The Kobada Gold Project is located in the Sikasso administrative region in southern Mali, near the border with Guinea, approximately 126 kilometers from Bamako. The Kobada main deposit hosts over 2.2 million ounces (Moz) of predominantly free-dig, oxide gold over a strike extent of 4.5 kilometers, which is also open at depth with mineralization open down dip. The Kobada Gold Project consists of two exploration permits and one exploitation permit. The Company’s subsidiaries include AGG (Barbados) Limited and Toubani Resources (Mali) SARL.

Key Statistics of Toubani Resources Ltd (TRE.AX)

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

Today's Range

AUD0.42AUD0.44

Today's Open

AUD0.43

Volume

310.74K

P/E Ratio (TTM)

52 Week Range

AUD0.26AUD0.67

Market Cap

308.76M

Avg. Volume

433.33K

Dividend Yield

Financial Metrics & Statements of Toubani Resources Ltd (TRE.AX)

FAQ's for Toubani Resources Ltd (TRE.AX)

According to Musaffa’s Shariah screening methodology, Toubani Resources Ltd (TRE.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.