Is Myer Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Myer Holdings Ltd (MYR.AX) is currently classified as NOT HALAL as of April 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.

Is Myer Holdings 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 Myer Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Myer Holdings Ltd?

Muslim investors may consider investing in Myer Holdings 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 Myer Holdings Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Myer Holdings 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 Myer Holdings Ltd updated?

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

Can a halal stock like Myer Holdings 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 Myer Holdings Ltd?

You can check the latest Shariah compliance status of Myer Holdings Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MYR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 24, 2026

Report Source: 2026 2nd Quarter Report

Analyst's Ratings for Myer Holdings Ltd (MYR.AX)

Based on 8 analysts giving stock ratings to Myer Holdings Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Myer Holdings Ltd. Stock Analysis MYR.AX

Australia Consumer Discretionary Small Cap Report: Q2, 2026

Myer Holdings Ltd. engages in the business of operating department stores. The company is headquartered in Melbourne, Victoria. The company went IPO on 2009-11-02. Its segments include Myer Retail and Myer Apparel Brands. Myer Retail segment includes store and online sales made under the brands: Myer, sass & bide, Marcs and David Lawrence. Myer Apparel Brands include stores and online sales made under the brands: Just Jeans, Dotti, Jacqui E, Portmans and Jay Jays. Its merchandise offer includes core product categories: Womenswear; Menswear; Childrenswear; Beauty; Homewares; Electrical Goods; Toys and General Merchandise. The firm operates approximately 56 department stores across Australia, as well as its online business: myer.com.au. Its subsidiaries include NB Elizabeth Pty Ltd, NB Russell Pty Ltd, NB Lonsdale Pty Ltd, NB Collins Pty Ltd, Warehouse Solutions Pty Ltd, Myer Group Pty Ltd, Myer Pty Ltd, Myer Group Finance Limited, The Myer Emporium Pty Ltd and others.

Key Statistics of Myer Holdings Ltd (MYR.AX)

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

Today's Range

AUD0.25AUD0.26

Today's Open

AUD0.26

Volume

4.18M

P/E Ratio (TTM)

52 Week Range

AUD0.25AUD0.82

Market Cap

440.58M

Avg. Volume

1.11M

Dividend Yield

4.84%

Financial Metrics & Statements of Myer Holdings Ltd (MYR.AX)

FAQ's for Myer Holdings Ltd (MYR.AX)

According to Musaffa’s Shariah screening methodology, Myer Holdings Ltd (MYR.AX) is currently classified as NOT HALAL as of April 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.