Iondrive Ltd ION.AX
AUD0.11 AUD0.02 (23.60%) 1D
Last Updated: Sep 07, 12:00 AM·ASX
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Is Iondrive Ltd Stock Halal?
Shariah Compliance Analysis of ION.AX Stock
Australia Materials Nano Cap No. As of September 2026, Iondrive Ltd (ION.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Iondrive Ltd does not pass Musaffa's business and financial screening criteria.
Iondrive Ltd. engages in the exploration activities for gold, silver, and other economic mineral deposits. The company is headquartered in Adelaide, South Australia. The company went IPO on 2005-04-21. The firm primarily focuses on developing and commercializing solutions for lithium battery recycling. Its Hydrometallurgical Battery Recycling project employs a patented, environmentally safe solvent to gently separate critical components from used batteries, providing a safer and more efficient alternative to traditional methods. The firm holds licenses from the University of Adelaide for next-generation battery technologies, including an enhanced performance non-flammable lithium-ion based battery and a low-cost, high-cycle life water-based battery. The firm holds prospective Lithium, rare-earth elements (REE) and precious metals projects. Its lithium projects include Samguen Li Project and Seobyeok Li Project, which has two highly prospective REE projects, including the Jangnam REE Project comprising 10 exploration license applications covering 24.7 square kilo meters (km2).
ION.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Iondrive Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Iondrive Ltd (ION.AX) Chart
Financial Metrics & Statements of Iondrive Ltd (ION.AX)
FAQ's for Iondrive Ltd (ION.AX)
- As of September 2026, Iondrive Ltd ION.AX is classified as not 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 Iondrive Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Iondrive 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 Iondrive 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 Iondrive 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 Iondrive Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Iondrive Ltd (ION.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
