Is Multipurpose Trading and Agencies Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Multipurpose Trading and Agencies Ltd (504356.BO) is currently classified as NOT HALAL as of August 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 Multipurpose Trading and Agencies 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 Multipurpose Trading and Agencies Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Multipurpose Trading and Agencies Ltd?

Muslim investors may consider investing in Multipurpose Trading and Agencies 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 Multipurpose Trading and Agencies Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Multipurpose Trading and Agencies 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 Multipurpose Trading and Agencies Ltd updated?

The Shariah compliance status of Multipurpose Trading and Agencies Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Multipurpose Trading and Agencies 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 Multipurpose Trading and Agencies Ltd?

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

Multipurpose Trading and Agencies Ltd 504356.BO

₹12.15 ₹0.63 (4.93%) 1D

Last Updated: May 13, 12:00 AM·BSE

504356.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 14, 2024

Report Source: 2024 Annual Report

Multipurpose Trading and Agencies Ltd. Stock Analysis 504356.BO

India N/A Nano Cap Report: 2024 Annual

Multipurpose Trading & Agencies Ltd. engages in the business of real estate activities and trading of shares, commodities or others. The company is headquartered in New Delhi, Delhi. The company went IPO on 2006-03-20. The firm is primarily engaged in the business of trading of securities. The firm is also engaged in the business of real estate activities and trading of shares, commodities and others.

Key Statistics of Multipurpose Trading and Agencies Ltd (504356.BO)

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

Today's Range

₹12.15₹12.78

Today's Open

₹12.78

Volume

45.00

P/E Ratio (TTM)

37.26

52 Week Range

₹7.58₹14.12

Market Cap

39.66M

Avg. Volume

649.88

Dividend Yield

Financial Metrics & Statements of Multipurpose Trading and Agencies Ltd (504356.BO)

FAQ's for Multipurpose Trading and Agencies Ltd (504356.BO)

According to Musaffa’s Shariah screening methodology, Multipurpose Trading and Agencies Ltd (504356.BO) is currently classified as NOT HALAL as of August 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.