Is NEXION Group Ltd halal to invest in?

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

Can Muslims buy shares of NEXION Group Ltd?

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

Musaffa determines the Shariah status of NEXION 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 NEXION Group Ltd updated?

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

Can a halal stock like NEXION 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 NEXION Group Ltd?

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

NNG.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

NEXION Group Ltd. Stock Analysis NNG.AX

Australia Information Technology Nano Cap Report: Q2, 2025

NEXION Group Ltd. engages in the provision of core compute, storage, network, and security services. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-02-18. The firm provides hybrid cloud hosting, data and voice network delivery, technology support services, and technical product sales. Its product categories include networking, cloud, services, and general. Its NEXION OneCloud service nodes offer solutions to support businesses to deliver local private cloud, connected to locations with public cloud integration. Its customers use its private cloud infrastructure to host the mission-critical software applications that are essential to keeping their businesses operating. The company delivers core technology and technical support to enterprise customers that rely on the Company to keep their software operating, their networks working and their data available.

Key Statistics of NEXION Group Ltd (NNG.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

267.89K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.05

Market Cap

4.05M

Avg. Volume

262.99K

Dividend Yield

Financial Metrics & Statements of NEXION Group Ltd (NNG.AX)

FAQ's for NEXION Group Ltd (NNG.AX)

According to Musaffa’s Shariah screening methodology, NEXION Group Ltd (NNG.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.