Is State Gas Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, State Gas Ltd (GAS.AX) is currently classified as 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 State Gas 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 State Gas Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of State Gas Ltd?

Muslim investors may consider investing in State Gas 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 State Gas Ltd classified as HALAL?

Musaffa determines the Shariah status of State Gas 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 State Gas Ltd updated?

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

Can a halal stock like State Gas 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 State Gas Ltd?

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

GAS.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

State Gas Ltd. Stock Analysis GAS.AX

Australia Energy Nano Cap Report: Q2, 2025

State Gas Ltd. engages in the exploration and development of gas fields. The company is headquartered in Brisbane, Queensland. The company went IPO on 2017-10-10. The firm 100% owns and operates the contiguous Reid’s Dome Gas (PL-231) and Rolleston-West (ATP 2062) Gas Projects, both of which contain both coal seam gas (CSG) and conventional gas. Reid’s Dome Gas (PL-231) and Rolleston-West (ATP 2062) Gas Projects, together cover approximately 1,595 square kilometers (km2), and are located south of Rolleston, approximately 50 and 30 kms respectively from the Queensland Gas Pipeline and interconnected east coast gas network. The company also holds a 35% interest in ATP 2068 and ATP 2069 in a joint venture with Santos QNT Pty Ltd (65%). The company is also participating in a carbon capture and sequestration initiative with minerals explorer Rockminsolutions Pty Ltd in respect of EPM 27596 which is located on the western border of ATP 2062. The company has also developed a CSG to High Density Natural Gas plant (the HDNG Facility) in Australia.

Key Statistics of State Gas Ltd (GAS.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

2000.00

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.05

Market Cap

10.89M

Avg. Volume

26.27K

Dividend Yield

Financial Metrics & Statements of State Gas Ltd (GAS.AX)

FAQ's for State Gas Ltd (GAS.AX)

According to Musaffa’s Shariah screening methodology, State Gas Ltd (GAS.AX) is currently classified as 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.