Is MyEco Group Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, MyEco Group Ltd (MCO.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 MyEco Group 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 MyEco Group Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of MyEco Group Ltd?

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.

Why is MyEco Group Ltd classified as NOT HALAL?

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.

How often is the Shariah compliance for MyEco Group Ltd updated?

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

Can a halal stock like MyEco Group 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 MyEco Group Ltd?

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.

MCO.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

MyEco Group Ltd. Stock Analysis MCO.AX

Australia Materials Nano Cap Report: Q2, 2025

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.

Key Statistics of MyEco Group Ltd (MCO.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

47.90K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.04

Market Cap

7.85M

Avg. Volume

40.00K

Dividend Yield

Financial Metrics & Statements of MyEco Group Ltd (MCO.AX)

FAQ's for MyEco Group Ltd (MCO.AX)

According to Musaffa’s Shariah screening methodology, MyEco Group Ltd (MCO.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.