Is Iondrive Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Iondrive Ltd (ION.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 Iondrive 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 Iondrive Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Iondrive Ltd?

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.

Why is Iondrive Ltd classified as NOT HALAL?

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.

How often is the Shariah compliance for Iondrive Ltd updated?

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

Can a halal stock like Iondrive 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 Iondrive Ltd?

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.

ION.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

Iondrive Ltd. Stock Analysis ION.AX

Australia Materials Nano Cap Report: Q2, 2025

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).

Key Statistics of Iondrive Ltd (ION.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

476.93K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.07

Market Cap

35.00M

Avg. Volume

1.37M

Dividend Yield

Financial Metrics & Statements of Iondrive Ltd (ION.AX)

FAQ's for Iondrive Ltd (ION.AX)

According to Musaffa’s Shariah screening methodology, Iondrive Ltd (ION.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.