Is Jaipan Industries Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Jaipan Industries Ltd (505840.BO) is currently classified as NOT HALAL as of June 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 Jaipan Industries 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 Jaipan Industries Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Jaipan Industries Ltd?

Muslim investors may consider investing in Jaipan Industries 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 Jaipan Industries Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Jaipan Industries 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 Jaipan Industries Ltd updated?

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

Can a halal stock like Jaipan Industries 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 Jaipan Industries Ltd?

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

Jaipan Industries Ltd 505840.BO

₹25.27 ₹1.63 (6.90%) 1D

Last Updated: May 15, 12:00 AM·BSE

505840.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 03, 2024

Report Source: 2024 1st Quarter Report

Jaipan Industries Ltd. Stock Analysis 505840.BO

India Consumer Staples Nano Cap Report: Q1, 2024

Jaipan Industries Ltd. is engages in the manufacturing and trading of home appliances. The firm offers a range of household accessories, such as home appliances, pressure cookers, kitchenware, home hygiene and health, and Light-emitting diode (LED) smart television. Its home appliances include food processors, mixer grinder, hand blender, electric kettle, sandwich maker, juicers, air fryers, steam / dry iron, roti maker, food chopper, grill, induction, fan, and cloth drying stand. Its kitchenware includes non-stick cookware, hard anodized cookware, steel dining, tri-ply cookware, bottles and flask, and lunch box. The company has a wide range of about 180 products. The company has a network of 150 Distributors and 6000 Dealers across the country. The firm exports its products to the United States, Sri Lanka, Dubai, Muscat, Bangladesh, Mauritius, Nairobi, Nepal and Saudi Arabia.

Key Statistics of Jaipan Industries Ltd (505840.BO)

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

Today's Range

₹23.64₹25.46

Today's Open

₹23.64

Volume

3933.00

P/E Ratio (TTM)

63.28

52 Week Range

₹22.50₹45.00

Market Cap

166.35M

Avg. Volume

8322.59

Dividend Yield

Financial Metrics & Statements of Jaipan Industries Ltd (505840.BO)

FAQ's for Jaipan Industries Ltd (505840.BO)

According to Musaffa’s Shariah screening methodology, Jaipan Industries Ltd (505840.BO) is currently classified as NOT HALAL as of June 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.