No. As of October 2026, Michael Hill International Ltd (MHJ.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Michael Hill International Ltd does not pass Musaffa's business and financial screening criteria.
Michael Hill International Ltd. engages in the retail sale of jewellery and related services. The firm operates predominately in the retail sale of jewelry and related services sector in Australia, New Zealand, and Canada. The firm offers various products and services in various categories, including engagement and weddings, jewelry, gifts, and collections. Its engagement and wedding categories include engagement rings, promise rings, bridal sets, women's wedding rings and men's wedding rings. Its jewelry includes rings, earrings, bracelets and bangles, anklets, necklaces and pendants, chains, men's jewelry, watches, sterling silver, yellow gold, white gold, rose gold, as well as diamond jewelry and gemstone jewelry. The firm also offers a range of watches for men and women in gold tone, rose tone, and silver tone.
Michael Hill International Ltd MHJ.AX
AUD0.35 AUD0.02 (4.48%) 1D
Last Updated: Oct 02, 12:00 AM·ASX
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MHJ.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Michael Hill International Ltd is classified as not halal.
NOT HALAL
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FAQ's for Michael Hill International Ltd (MHJ.AX)
As of October 2026, Michael Hill International Ltd MHJ.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 Michael Hill International Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Michael Hill International 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 Michael Hill International 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 Michael Hill International 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 Michael Hill International 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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