Is Boom Logistics Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Boom Logistics Ltd (BOL.AX) is currently classified as NOT HALAL as of April 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 Boom Logistics 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 Boom Logistics Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Boom Logistics Ltd?

Muslim investors may consider investing in Boom Logistics 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 Boom Logistics Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Boom Logistics 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 Boom Logistics Ltd updated?

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

Can a halal stock like Boom Logistics 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 Boom Logistics Ltd?

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

BOL.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 17, 2025

Report Source: 2025 2nd Quarter Report

Analyst's Ratings for Boom Logistics Ltd (BOL.AX)

Based on 5 analysts giving stock ratings to Boom Logistics Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Boom Logistics Ltd. Stock Analysis BOL.AX

Australia Industrials Micro Cap Report: Q2, 2025

Boom Logistics Ltd. engages in the provision of crane logistics and lifting solutions. The company is headquartered in Southbank, Victoria. The company went IPO on 2003-10-14. The firm provides specialized equipment, engineering services, and workforce solutions to a diversified range of industry projects. The company provides support to build new bridges, construct and install wind farms, maintain heavy plant and equipment on mine site, optimize existing infrastructure or handle everyday maintenance across rail and telecommunications networks. The company operates through one segment: Lifting Solutions, which consists of all lifting activities, including the provision of cranes, travel towers, access equipment and all associated services. The company serves various markets, including mining and resources, infrastructure, renewables, wind farm maintenance, utilities, industrial maintenance, and telecommunications. Its subsidiaries include Boom Logistics Constructions Pty Ltd, Shutdown Staffing Pty Ltd, Boom Logistics (VIC) Pty Ltd, Boom Logistics Projects Pty Ltd, and others.

Key Statistics of Boom Logistics Ltd (BOL.AX)

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

Today's Range

AUD1.78AUD1.80

Today's Open

AUD1.78

Volume

14.91K

P/E Ratio (TTM)

2.90

52 Week Range

AUD1.24AUD1.94

Market Cap

69.31M

Avg. Volume

4928.60

Dividend Yield

Financial Metrics & Statements of Boom Logistics Ltd (BOL.AX)

FAQ's for Boom Logistics Ltd (BOL.AX)

According to Musaffa’s Shariah screening methodology, Boom Logistics Ltd (BOL.AX) is currently classified as NOT HALAL as of April 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.