Is MyState Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, MyState Ltd (MYS.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 MyState 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 MyState Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of MyState Ltd?

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

Musaffa determines the Shariah status of MyState 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 MyState Ltd updated?

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

Can a halal stock like MyState 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 MyState Ltd?

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

MYS.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 26, 2026

Report Source: 2026 2nd Quarter Report

MyState Ltd. Stock Analysis MYS.AX

Australia Financials Small Cap Report: Q2, 2026

MyState Ltd. is a holding company, which engages in the provision of banking, trustee, and wealth management services. The company is headquartered in Hobart, Tasmania. The company went IPO on 2009-09-10. Its segments include MyState Bank, Auswide Bank (including Selfco), and Wealth Management. MyState Bank’s product offerings include lending, encompassing home loans, personal, overdraft, line of credit and commercial products, transactional savings accounts and fixed-term deposits and insurance products. Auswide Bank’s (including Selfco) product offerings include lending, encompassing home loans, personal, overdraft, line of credit and commercial products, transactional savings accounts, fixed-term deposits, insurance products, leasing and commercial hire purchases. The Wealth Management division is a provider of funds management and trustee services. The company operates predominantly within Tasmania.

Key Statistics of MyState Ltd (MYS.AX)

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

Today's Range

AUD4.44AUD4.53

Today's Open

AUD4.44

Volume

147.68K

P/E Ratio (TTM)

21.28

52 Week Range

AUD3.90AUD4.95

Market Cap

787.34M

Avg. Volume

45.27K

Dividend Yield

4.15%

Financial Metrics & Statements of MyState Ltd (MYS.AX)

FAQ's for MyState Ltd (MYS.AX)

According to Musaffa’s Shariah screening methodology, MyState Ltd (MYS.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.