Is Regional Express Holdings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Regional Express Holdings Ltd (REX.AX) is currently classified as NOT HALAL as of February 2024. 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 Regional Express 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 Regional Express Holdings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Regional Express Holdings Ltd?

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

Musaffa determines the Shariah status of Regional Express 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 Regional Express Holdings Ltd updated?

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

Can a halal stock like Regional Express 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 Regional Express Holdings Ltd?

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

REX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 11, 2024

Report Source: 2023 Annual Report

Regional Express Holdings Ltd. Stock Analysis REX.AX

Australia Industrials Nano Cap Report: 2023 Annual

Regional Express Holdings Ltd. engages in the provision of air services including the transportation of passengers and freight along with aeromedical services and pilot training. The company is headquartered in Mascot, New South Wales. The company went IPO on 2005-11-09. The firm's segments include regular public transport, charter and other, and training. The firm has a regional and domestic airline, Rex, operating a fleet of approximately 57 Saab 340 and nine Boeing 737-800 NG aircraft to 56 destinations throughout all states in Australia. In addition to the airline Rex, the Company comprises wholly owned subsidiaries, including two pilot academies, Australian Airline Pilot Academy with campuses in Wagga Wagga and Ballarat, and a propeller maintenance organization, Australian Aerospace Propeller Maintenance.

Key Statistics of Regional Express Holdings Ltd (REX.AX)

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

Today's Range

AUD0.56AUD0.57

Today's Open

AUD0.57

Volume

18.99K

P/E Ratio (TTM)

4.45

52 Week Range

AUD0.83AUD1.56

Market Cap

63.97M

Avg. Volume

9470.83

Dividend Yield

Financial Metrics & Statements of Regional Express Holdings Ltd (REX.AX)

FAQ's for Regional Express Holdings Ltd (REX.AX)

According to Musaffa’s Shariah screening methodology, Regional Express Holdings Ltd (REX.AX) is currently classified as NOT HALAL as of February 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.