Is EchoIQ Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, EchoIQ Ltd (EIQ.AX) is currently classified as NOT HALAL as of April 2026. 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 EchoIQ 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 EchoIQ Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of EchoIQ Ltd?

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

Musaffa determines the Shariah status of EchoIQ 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 EchoIQ Ltd updated?

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

Can a halal stock like EchoIQ 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 EchoIQ Ltd?

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

EIQ.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 26, 2026

Report Source: 2025 Annual Report

EchoIQ Ltd. Stock Analysis EIQ.AX

Australia Information Technology Small Cap Report: 2025 Annual

EchoIQ Ltd. engages in the development and application of artificial intelligence for the cardiac diagnostics sector, as well as the supply of software used by the health fund and insurance sector. The company is headquartered in Sydney, New South Wales. The company went IPO on 2010-12-17. The firm uses AI-driven technology and software to improve decision-making in cardiology. The principal activity of the Company is the development of AI software that aids in predicting Aortic Stenosis heart condition. The Company’s EchoSolv platform harnesses AI-driven analysis of echocardiographic data to assist clinicians in detecting aortic stenosis and other conditions. Its EchoSolv product allows users to assess echocardiographic studies against diagnostic guidelines for structural heart conditions. EchoSolv automatically identifies patients at risk of structural heart disease. EchoSolv improves the standard clinical workflow associated with diagnosis and treatment. The Company’s subsidiaries include HWH Software Pty Ltd, Echo IQ Global Pty Ltd and Echo IQ Incorporated.

Key Statistics of EchoIQ Ltd (EIQ.AX)

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

Today's Range

AUD1.07AUD1.15

Today's Open

AUD1.15

Volume

2.73M

P/E Ratio (TTM)

52 Week Range

AUD0.17AUD1.35

Market Cap

624.52M

Avg. Volume

179.99K

Dividend Yield

Financial Metrics & Statements of EchoIQ Ltd (EIQ.AX)

FAQ's for EchoIQ Ltd (EIQ.AX)

According to Musaffa’s Shariah screening methodology, EchoIQ Ltd (EIQ.AX) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.