Is India Lease Development Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, India Lease Development Ltd (500202.BO) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is India Lease Development Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes India Lease Development Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of India Lease Development Ltd?

Muslim investors may consider investing in India Lease Development 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.

Why is India Lease Development Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of India Lease Development Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for India Lease Development Ltd updated?

The Shariah compliance status of India Lease Development Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like India Lease Development Ltd become non-compliant?

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.

Where can I check the Shariah status of India Lease Development Ltd?

You can check the latest Shariah compliance status of India Lease Development Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

India Lease Development Ltd 500202.BO

₹7.50 ₹0.34 (4.34%) 1D

Last Updated: May 15, 12:00 AM·BSE

500202.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2024

Report Source: 2024 Annual Report

India Lease Development Ltd. Stock Analysis 500202.BO

India Financials Nano Cap Report: 2024 Annual

India Lease Development Ltd. is a non-banking finance company, which engages in the provision of financing services. The company is headquartered in New Delhi, Delhi and currently employs 5 full-time employees. The firm is primarily engaged in the business of financing.

Key Statistics of India Lease Development Ltd (500202.BO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹7.44₹7.84

Today's Open

₹7.84

Volume

806.00

P/E Ratio (TTM)

52 Week Range

₹7.14₹12.57

Market Cap

111.89M

Avg. Volume

580.00

Dividend Yield

Financial Metrics & Statements of India Lease Development Ltd (500202.BO)

FAQ's for India Lease Development Ltd (500202.BO)

According to Musaffa’s Shariah screening methodology, India Lease Development Ltd (500202.BO) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.