Yes. As of October 2026, Iodm Ltd (IOD.AX) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Iodm Ltd passes Musaffa's business and financial screening criteria.
Iodm Ltd. engages in the development of a cloud-based software platform. The company is headquartered in Melbourne, Victoria and currently employs 16 full-time employees. The company went IPO on 2003-11-18. The Company’s AR solution provides an end-to-end AR process that supports customers with invoicing, query management, payment reminders, escalation, analytics, and others. The solution is a customizable application that integrates with any accounting enterprise resource planning (ERP) software package. The IODM Connect platform provides a gateway to a range of financial solutions to meet individual business needs. The IODM Connect integrates with an existing accounting platform to optimize cashflow. The IODM Cash Allocation tool captures payment data and allocates payments to the appropriate invoices automatically. The Cash Allocation tool uses RPA, OCR, and AI to input data from remittances, bank files and customer invoices to match payments. The firm operates globally.
Iodm Ltd IOD.AX
AUD0.09
Last Updated: Oct 06, 12:00 AM·ASX
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IOD.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Iodm Ltd is classified as halal.
HALAL
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FAQ's for Iodm Ltd (IOD.AX)
As of October 2026, Iodm Ltd IOD.AX is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Iodm Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Iodm 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.
Musaffa determines the Shariah status of Iodm Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Iodm Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Iodm Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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