No. As of October 2026, IPB Petroleum Ltd (IPB.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. IPB Petroleum Ltd does not pass Musaffa's business and financial screening criteria.
IPB Petroleum Ltd. is an oil and gas exploration company, which holds interest in the WA-424-P exploration permit project. The company is headquartered in Melbourne, Victoria. The company went IPO on 2013-04-30. The firm has a 100% interest in the petroleum exploration permits located in the Browse Basin: WA-424-P. The Browse Basin is located north of Broome, offshore, Western Australia, and covers an area of approximately 140,000 square kilometers (km2). The WA-424-P permit contains three wells, including Gwydion-1, Caspar-1A, and Pryderi-1. The firm's subsidiaries include IPB WA 424P Pty Ltd and IPB Exploration Pty Ltd.
IPB Petroleum Ltd IPB.AX
AUD0.01
Last Updated: Oct 02, 12:00 AM·ASX
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IPB.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, IPB Petroleum Ltd is classified as not halal.
NOT HALAL
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FAQ's for IPB Petroleum Ltd (IPB.AX)
As of October 2026, IPB Petroleum Ltd IPB.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 IPB Petroleum Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in IPB Petroleum 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 IPB Petroleum 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 IPB Petroleum 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 IPB Petroleum 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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