Is IGO Ltd halal to invest in?

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

Can Muslims buy shares of IGO Ltd?

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

Musaffa determines the Shariah status of IGO 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 IGO Ltd updated?

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

Can a halal stock like IGO 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 IGO Ltd?

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

IGO.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 25, 2026

Report Source: 2026 2nd Quarter Report

IGO Ltd. Stock Analysis IGO.AX

Australia Materials Mid Cap Report: Q2, 2026

IGO Ltd. is a mining and exploration company focused on metals critical to clean energy, primarily nickel, copper, cobalt and lithium. The company is headquartered in Perth, Western Australia. The company went IPO on 2002-01-17. Its segments include Nova Operation, Forrestania Operation, Cosmos Project, Lithium Business, and Growth. The Nova Operation comprises the Nova underground nickel mine and processing operation which produces nickel and copper concentrates. Forrestania Operation is located 400 kilometers east of Perth in Western Australia. Cosmos Project comprises the development of the Odysseus underground mine focused on the production of nickel concentrate, containing nickel and cobalt metal. The project is in care and maintenance. The Lithium Business represents its 49% share in the lithium joint venture, Tianqi Lithium Energy Australia Pty Ltd (TLEA), with Tianqi Lithium Corporation. The existing assets of TLEA include the Greenbushes Lithium Mine and the Kwinana Lithium Hydroxide Refinery. The Growth segment comprises exploration, business development and project evaluation.

Key Statistics of IGO Ltd (IGO.AX)

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

Today's Range

AUD8.36AUD8.66

Today's Open

AUD8.59

Volume

4.84M

P/E Ratio (TTM)

52 Week Range

AUD3.67AUD9.50

Market Cap

5.77B

Avg. Volume

1.25M

Dividend Yield

2.97%

Financial Metrics & Statements of IGO Ltd (IGO.AX)

FAQ's for IGO Ltd (IGO.AX)

According to Musaffa’s Shariah screening methodology, IGO Ltd (IGO.AX) is currently classified as NOT HALAL as of March 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.