PurindexScreener / Finance Services / IREN Ltd
IREN · NASDAQ
IREN Ltd
Not compliant
IREN Ltd is not compliant. It fails the business-activity screen: interest-based financial services.
TickerIREN
ExchangeNASDAQ
SectorFinance Services
Not compliantIREN LtdIREN · NASDAQ
FailBusiness activity
permissible core business
permissible core business
n/aInterest income / revenue
limit 5%
limit 5%
n/aDebt / total assets
limit 33.33%
limit 33.33%
n/aCash / total assets
limit 33.33%
limit 33.33%
Data and sources.
| Result | Business-activity test: the company's core business. |
| Financial ratios | Not shown: the company fails the business-activity test, so ratios do not change the result. |
| Method | AAOIFI Shariah Standard No. 21, business-activity screen. Purindex method v1 · how it works |
| Last updated | Not yet screened with financial data |
Spotted a mistake? Report a data issue. Purindex publishes this screening to help people understand what they own. It does not recommend buying, selling or holding IREN Ltd or any other security.
Questions about IREN Ltd.
- Is IREN Ltd (IREN) stock halal?
- IREN Ltd is not compliant. It fails the business-activity screen: interest-based financial services.
- How does Purindex decide whether IREN is Shariah compliant?
- The core business must be permissible, impure revenue must stay below 5% of total revenue, and interest-bearing debt and interest-bearing cash must each stay below 30% of market capitalisation. A company within 10% of a limit is marked doubtful. Until share prices are loaded, US, European and UK companies are checked against total assets (33.33% limits) using their official filings, and companies without verified data are marked insufficient data.
- Should I buy IREN Ltd shares?
- Purindex does not recommend buying, selling or holding IREN Ltd or any other security. It publishes screening information so you can check what you own. For a personal ruling, consult a qualified scholar.