Is Elixir Energy Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Elixir Energy Ltd (EXR.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 Elixir Energy 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 Elixir Energy Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Elixir Energy Ltd?

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

Musaffa determines the Shariah status of Elixir Energy 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 Elixir Energy Ltd updated?

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

Can a halal stock like Elixir Energy 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 Elixir Energy Ltd?

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

EXR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 28, 2025

Report Source: 2025 2nd Quarter Report

Elixir Energy Ltd. Stock Analysis EXR.AX

Australia Energy Micro Cap Report: Q2, 2025

Elixir Energy Ltd. engages in the exploration of oil and gas. The company is headquartered in Adelaide, South Australia. The company went IPO on 2004-07-19. The firm is primarily focused on an exploration and appraisal program targeting natural gas in the form of coal-bed methane (CBM) known as coal seam gas (CSG) in the Taroom Trough, Bowen Basin, Queensland, Australia. The firm holds 100% of a Queensland exploration permit ATP 2044, named Grandis Gas Project, located in the Taroom Trough of the Bowen Basin, Queensland. Its Grandis Gas Project covers an area of 1,000 square kilometers (km2) located close to existing gas transmission infrastructure centered on the Wallumbilla gas hub. The Diona Gas Project is located adjacent to the Taroom Trough, Queensland. The Santos Farmin Project is located in the Taroom Trough. Its subsidiaries include EnergyCapture Pty Ltd, Golden Horde Pty Ltd, GOH LLC, GOH Clean Energy LLC, Elixir Petroleum (Australia) Pty Ltd, Elixir 2056 Pty Ltd and others.

Key Statistics of Elixir Energy Ltd (EXR.AX)

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

Today's Range

AUD0.14AUD0.15

Today's Open

AUD0.14

Volume

782.33K

P/E Ratio (TTM)

52 Week Range

AUD0.03AUD0.18

Market Cap

261.51M

Avg. Volume

731.08K

Dividend Yield

Financial Metrics & Statements of Elixir Energy Ltd (EXR.AX)

FAQ's for Elixir Energy Ltd (EXR.AX)

According to Musaffa’s Shariah screening methodology, Elixir Energy Ltd (EXR.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.