Is Starsource Multitrade Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Starsource Multitrade Ltd (506365.BO) is currently classified as NOT HALAL as of October 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 Starsource Multitrade 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 Starsource Multitrade Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Starsource Multitrade Ltd?

Muslim investors may consider investing in Starsource Multitrade 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 Starsource Multitrade Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Starsource Multitrade 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 Starsource Multitrade Ltd updated?

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

Can a halal stock like Starsource Multitrade 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 Starsource Multitrade Ltd?

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

Starsource Multitrade Ltd 506365.BO

₹115.00

Last Updated: May 15, 12:00 AM·BSE

506365.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 14, 2024

Report Source: 2025 1st Quarter Report

Starsource Multitrade Ltd. Stock Analysis 506365.BO

India N/A Nano Cap Report: Q1, 2025

Starsource Multitrade Ltd. is formerly a pharmaceutical company, which aims to acquire power and chemicals businesses. The company is headquartered in Mumbai, Maharashtra. The firm was engaged in manufacturing operations. The company has no operations and does not generate any revenue. The firm is exploring new business opportunities.

Key Statistics of Starsource Multitrade Ltd (506365.BO)

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

Today's Range

₹115.00₹115.00

Today's Open

₹115.00

Volume

1.00

P/E Ratio (TTM)

50.58

52 Week Range

₹75.00₹152.90

Market Cap

184.03M

Avg. Volume

319.17

Dividend Yield

Financial Metrics & Statements of Starsource Multitrade Ltd (506365.BO)

FAQ's for Starsource Multitrade Ltd (506365.BO)

According to Musaffa’s Shariah screening methodology, Starsource Multitrade Ltd (506365.BO) is currently classified as NOT HALAL as of October 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.