MyEco Group Ltd MCO.AX
AUD0.02
Last Updated: Aug 06, 12:00 AM·ASX
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MCO.AX Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, MyEco Group Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
MyEco Group Ltd. Stock Analysis MCO.AX
Australia Materials Nano Cap Myeco Group Ltd. engages in the manufacture and distribution of polyethylene films and renewable resource based resins and finished products. The firm supplies its proprietary biodegradable and compostable resins, packaging products and films to a blue-chip global customer base. The company is integrated from resin production into bags and film and can develop bespoke compostable solutions for a range of applications. The company offers reusable compostable check-out bags. Its brands include Cardia Bioplastics and MyEcoWorld. MyEcoWorld offers a wide range of compostable and recycled (PCR) products for everyday use. From kitchen and garbage bags to pet poop bags. Cardia Bioplastics is in sustainable material innovation. With advanced compostable and biodegradable resin technologies, Cardia delivers solutions for industries worldwide. The company is developing a distribution channel to support the sale of its compostable and sustainable film products. The company has a product development center and manufacturing plant for resins in China.
MyEco Group Ltd (MCO.AX) Chart
Financial Metrics & Statements of MyEco Group Ltd (MCO.AX)
FAQ's for MyEco Group Ltd (MCO.AX)
- As of August 2026, MyEco Group Ltd MCO.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 MyEco Group Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in MyEco Group 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 MyEco Group 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 MyEco Group 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 MyEco Group 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 MyEco Group Ltd (MCO.AX)
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