Is Thorney Technologies Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Thorney Technologies Ltd (TEK.AX) is currently classified as NOT HALAL as of April 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 Thorney Technologies 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 Thorney Technologies Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Thorney Technologies Ltd?

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

Musaffa determines the Shariah status of Thorney Technologies 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 Thorney Technologies Ltd updated?

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

Can a halal stock like Thorney Technologies 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 Thorney Technologies Ltd?

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

TEK.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 17, 2025

Report Source: 2025 2nd Quarter Report

Thorney Technologies Ltd. Stock Analysis TEK.AX

Australia N/A Nano Cap Report: Q2, 2025

Thorney Technologies Ltd is a AU-based company operating in industry. The company is headquartered in Melbourne, Victoria. The company went IPO on 2005-05-10. Thorney Technologies Ltd is an Australia-based investment company. The Company’s principal activity is investing in global, listed and unlisted, technology investments at all phases of the investment lifecycle. The firm seeks to identify early-stage companies with new and disruptive technology and business models, and invests in a range of areas of technology, such as fintech, e-commerce, education, agriculture, medical, telecommunication, robotics and artificial intelligence (AI). The company has networks in Australia, Israel and the United States for investment opportunities in both listed and unlisted entities. Thorney Management Services Pty Ltd is the investment manager of the Company.

Key Statistics of Thorney Technologies Ltd (TEK.AX)

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

Today's Range

AUD0.10AUD0.10

Today's Open

AUD0.10

Volume

60.00K

P/E Ratio (TTM)

52 Week Range

AUD0.09AUD0.15

Market Cap

37.10M

Avg. Volume

41.59K

Dividend Yield

Financial Metrics & Statements of Thorney Technologies Ltd (TEK.AX)

FAQ's for Thorney Technologies Ltd (TEK.AX)

According to Musaffa’s Shariah screening methodology, Thorney Technologies Ltd (TEK.AX) is currently classified as NOT HALAL as of April 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.