Is IREN Ltd (IREN) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 68.1% | |
| Operating Margin | -45.8% | |
| Net Margin | 51.5% | |
| Return on Equity (ROE) | 20.5% | |
| Return on Assets (ROA) | -1.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $246M |
| Free Cash Flow | -$1.1B |
| Total Debt | $964M |
| Debt-to-Equity | 153.0 |
| Current Ratio | 5.0 |
| Total Assets | $2.9B |
Price & Trading
| Last Close | $37.45 |
| 50-Day MA | $45.19 |
| 200-Day MA | $38.45 |
| Avg Volume | 37.9M |
| Beta | 4.3 |
|
52-Week Range
$5.12
| |
About IREN Ltd (IREN)
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.
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Frequently Asked Questions
Is IREN Ltd (IREN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), IREN Ltd is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is IREN Ltd's debt ratio?
IREN Ltd's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are IREN Ltd's key financial metrics?
IREN Ltd has a market capitalization of $11.6B, trailing P/E ratio of 24.4, and revenue of $501M. The company maintains a gross margin of 68.1% and a net margin of 51.5%. Return on equity stands at 20.5%.
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.