Halal
Austin Laz & Company passes both the business-activity screen and the financial screens under the AAOIFI Standard. No dividend purification applies.
NGX: AUSTINLAZ · Services · Screened 31 Aug 2026 · H1 2026 accounts
Austin Laz & Company Plc is an indigenous Nigerian manufacturer of industrial and consumer products organised into four divisions: Refrigeration, Thermoplastic, Aluminium and Building Materials. Its refrigeration products include split refrigeration machines, commercial freezers, cold rooms, automatic ice machines and dry freeze machines. Its building products include UPVC Smart Roof, PVC ceiling tiles and PVC ceiling, together with aluminium long-span roofing sheets produced through a subsidiary trading as Aluminium Coils.
For the year ended 31 December 2025, the company reported no revenue, against N1.32 billion in 2024, and a net loss after tax of N16.24 million against a N4.23 million profit in 2024. The accounts describe a period of operational inactivity, with management focused on strategic investment to revitalise productive capacity and a stated path to resuming operations in early 2026. In October 2024, the Nigerian Exchange granted the company a two-year restructuring status to support the operational turnaround.
Four divisions: Refrigeration, Thermoplastic, Aluminium and Building Materials. No revenue was reported for FY2025.
Yes. As of 31 August 2026, Austin Laz & Company (AUSTINLAZ) is halal to own under the AAOIFI Standard, with no purification required.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.