Is Close the Loop Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Close the Loop Ltd (CLG.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 Close the Loop 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 Close the Loop Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Close the Loop Ltd?

Muslim investors may consider investing in Close the Loop 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 Close the Loop Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Close the Loop 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 Close the Loop Ltd updated?

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

Can a halal stock like Close the Loop 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 Close the Loop Ltd?

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

CLG.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Close the Loop Ltd. Stock Analysis CLG.AX

Australia Industrials Nano Cap Report: Q2, 2025

Close the Loop Ltd. engages in the provision of packaging solutions and the recovery of electronic products, print consumables, eyewear, cosmetics, plastics, paper, and cartons. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-12-02. The firm collects, sorts, reclaims and reuses resources that would otherwise go to landfills. The firm is primarily involved in collection and recycling of electronic equipment, imaging consumables, plastics, paper and cartons and any other activity incidental thereto as well as providing premium and innovative flexible and carton packaging, flexographic print packaging, seafood packaging, storage solutions and the supply of thermal paper and associated paper products. Its products include RFlex and TonerPlas. The company offers end-to-end solutions across packaging and consumables to a variety of markets, with advanced innovation in product development, as well as end-of-life take-back and recovery systems for complex commodities to reduce waste to landfills. The company also offers battery collection and recycling services.

Key Statistics of Close the Loop Ltd (CLG.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

360.00K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.08

Market Cap

10.67M

Avg. Volume

242.76K

Dividend Yield

Financial Metrics & Statements of Close the Loop Ltd (CLG.AX)

FAQ's for Close the Loop Ltd (CLG.AX)

According to Musaffa’s Shariah screening methodology, Close the Loop Ltd (CLG.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.