Is IPERIONX Ltd (IPX) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 2.1% / 30% | 0.1% / 30% | N/A | ✓ HALAL |
| DJIM | 0.1% / 33% | 2.1% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| MSCI | 2.7% / 33% | 59.8% / 33% | 4.2% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.1% / 33% | 2.1% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| FTSE | 2.7% / 33% | 59.8% / 33% | 4.2% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -50.4% | |
| Return on Assets (ROA) | -28.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$19M |
| Free Cash Flow | -$27M |
| Total Debt | $1M |
| Debt-to-Equity | 4.1 |
| Current Ratio | 4.0 |
| Total Assets | $55M |
Price & Trading
| Last Close | $21.98 |
| 50-Day MA | $42.84 |
| 200-Day MA | $40.51 |
| Avg Volume | 218K |
| Beta | 0.9 |
|
52-Week Range
$12.28
| |
About IPERIONX Ltd (IPX)
IperionX Limited engages in the development of its mineral properties in the United States. It holds a 100% interest in the critical minerals Titan project, which has resources of titanium, zircon, and rare earth mineral resources in Tennessee, the United States. The company also engages in the production of angular and spherical titanium metal powders. It serves automotive and transport, consumer electronics, aerospace and defense, energy, medical, luxury goods, and industrial markets. The company was formerly known as Hyperion Metals Limited and changed its name to IperionX Limited in February 2022. IperionX Limited was incorporated in 2017 and is headquartered in Charlotte, North Carolina.
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Frequently Asked Questions
Is IPERIONX Ltd (IPX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), IPERIONX Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is IPERIONX Ltd's debt ratio?
IPERIONX Ltd's debt ratio is 0.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.7%.
What are IPERIONX Ltd's key financial metrics?
IPERIONX Ltd has a market capitalization of $845M. Return on equity stands at -50.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.