Is Nova Minerals Ltd (NVA) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 3.5% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 3.5% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 0.0% / 33% | 8.1% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| S&P | 0.0% / 33% | 3.5% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 0.0% / 33% | 8.1% / 33% | 0.0% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | -4303970.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -15.6% | |
| Return on Assets (ROA) | -5.1% |
Cash Flow & Balance Sheet
| Free Cash Flow | -$13M |
| Debt-to-Equity | 3.9 |
| Current Ratio | 3.6 |
| Total Assets | $113M |
Price & Trading
| Last Close | $5.52 |
| 50-Day MA | $7.53 |
| 200-Day MA | $5.66 |
| Avg Volume | 874K |
| Beta | 0.6 |
|
52-Week Range
$1.68
| |
About Nova Minerals Ltd (NVA)
Nova Minerals Limited engages in the exploration of mineral properties in Australia and the United States. The company explores for gold, antimony, and critical minerals. It owns 85% interest in the flagship Estelle Gold project comprising 803 mining claims covering an area of 514 square kilometers located in the State of Alaska. The company was formerly known as Quantum Resources Limited and changed its name to Nova Minerals Limited in December 2017. Nova Minerals Limited was incorporated in 1987 and is based in Caulfield, Australia.
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Frequently Asked Questions
Is Nova Minerals Ltd (NVA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nova Minerals Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Nova Minerals Ltd's debt ratio?
Nova Minerals Ltd's debt ratio is 0.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.0%.
What are Nova Minerals Ltd's key financial metrics?
Nova Minerals Ltd has a market capitalization of $237M. Return on equity stands at -15.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.