EQ RES FPO [EQR] (EQR.AX) - Halal (Shariah-Compliant)
EQ RES FPO [EQR] (EQR.AX) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Other Industrial Metals & Mining" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 3.2% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.18%.Based on the company's financial statements, approximately 0.18% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.18% of total income). Some scholars may differ on the exact calculation method.
About EQ RES FPO [EQR]
EQ Resources Limited engages in the exploration, production, and sale of tungsten and mineral resources in Australia and Spain. The company also explores for gold deposits. Its flagship property is the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020. EQ Resources Limited was incorporated in 2005 and is based in Mount Carbine, Australia.
Frequently Asked Questions
Is EQ RES FPO [EQR] (EQR.AX) stock halal to invest in?
According to AAOIFI Shariah screening standards, EQ RES FPO [EQR] (EQR.AX) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does EQ RES FPO [EQR] have any interest income?
EQ RES FPO [EQR]'s interest income ratio is 0.2% of total revenue. AAOIFI standards require this to be below 30%.

