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MBMA.JK Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: February 04, 2026

Report Source: 2025 3rd Quarter Report

Analyst's Ratings for Merdeka Battery Materials Tbk PT (MBMA.JK)

Based on 12 analysts giving stock ratings to Merdeka Battery Materials Tbk PT in the past 3 months

Strong
Sell
SellHoldBuyStrong
Buy
Strong Buy
25
Buy
58
Hold
17
Sell
0
Strong Sell
0
Merdeka Battery Materials Tbk PT

Merdeka Battery Materials Tbk PT. Stock Analysis MBMA.JK

Indonesia Materials Mid Cap Report:
PT Merdeka Battery Materials Tbk engages in production of minerals and electric vehicle (EV) battery raw materials. The company employs 3,903 full-time employees The company went IPO on 2023-04-18. The Company’s segments include Mining, Manufacturing and processing, and Others. Its business assets include Sulawesi Cahaya Mineral (SCM Mine), Rotary Kiln-Electric Furnace smelter, Acid Iron Metal (AIM) Project, Nickel Matte Converter, High-Pressure Acid Leach (HPAL) Plant and Indonesia Konawe Industrial Park (IKIP). The SCM Mine is a nickel resource containing about 13.8 million tons of nickel and one million tons of cobalt. The company operates three RKEF nickel smelters, namely the CSID Smelter and BSID Smelter, and ZHN Smelter. The AIM Project includes a processing plant that focuses on producing acid and steam used in the HPAL plant, and produces other metals such as copper, gold, and iron. The IKIP, developed in partnership with Tsingshan Group, is an industrial park focused on battery materials, situated within the SCM Mine concession area.
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Merdeka Battery Materials Tbk PT (MBMA.JK) Chart

Key Statistics of Merdeka Battery Materials Tbk PT (MBMA.JK)

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

Today's Range

Rp505.00Rp545.00

Today's Open

Rp545.00

Volume

122.34M

P/E Ratio (TTM)

110.59

52 Week Range

Rp374.00Rp945.00

Market Cap

49.68T

Avg. Volume

211.94M

Dividend Yield

-

Financial Metrics & Statements of Merdeka Battery Materials Tbk PT (MBMA.JK)

FAQ's for Merdeka Battery Materials Tbk PT (MBMA.JK)

  • According to Musaffa’s Shariah screening methodology, Merdeka Battery Materials Tbk PT (MBMA.JK) is currently classified as HALAL as of February 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.
  • A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Merdeka Battery Materials Tbk PT using these criteria to determine its compliance status.
  • Muslim investors may consider investing in Merdeka Battery Materials Tbk PT 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 Merdeka Battery Materials Tbk PT 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 Merdeka Battery Materials Tbk PT 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 Merdeka Battery Materials Tbk PT 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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