No. As of October 2026, xReality Group Ltd (XRG.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. xReality Group Ltd does not pass Musaffa's business and financial screening criteria.
XReality Group Ltd. engages in building and operating virtual reality, augment reality and physical simulation for enterprise, defense and consumer markets. The company is headquartered in Sydney, New South Wales. The company went IPO on 2012-12-13. The firm develops and operates physical and digital simulations. Its portfolio companies include indoor skydiving facilities, virtual reality (VR) and augmented reality (AR) entertainment, training and production. Its Red Cartel is involved in VR, AR, XR, location-based entertainment animated content for games, venues and enterprise. Red Cartel serves various industries, including oil and gas, entertainment, mining, healthcare and government. Its Operator XR specializes in providing uniquely integrated, secure, and highly immersive virtual reality police training and military simulation systems. The firm hosts two indoor skydiving facilities iFLY Downunder in Penrith, New South Wales, and iFLY Gold Coast in Gold Coast, Queensland. Its FREAK Entertainment is virtual reality gaming venue.
xReality Group Ltd XRG.AX
AUD0.06
Last Updated: Sep 25, 12:00 AM·ASX
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XRG.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, xReality Group Ltd is classified as not halal.
NOT HALAL
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FAQ's for xReality Group Ltd (XRG.AX)
As of October 2026, xReality Group Ltd XRG.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes xReality Group Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in xReality 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.
Musaffa determines the Shariah status of xReality Group Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of xReality Group Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of xReality Group Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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