No. As of September 2026, Garware Marine Industries Ltd (509563.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Garware Marine Industries Ltd does not pass Musaffa's business and financial screening criteria.
Garware Marine Industries Ltd. engages in the provision of ship repair services. The company is headquartered in Mumbai, Maharashtra. The firm's primary activity entails the repair of different type of seagoing vessels. Its ship repairing services include pump overhauls, engine overhaul/repairs, hydraulic repairs, gear box repair, pipeline and other marine fabrication jobs. The company also assists original equipment manufacturer (OEM) engineers in carrying out major day dockings, shaft removal and renewal, propeller hub overhaul, bow thruster, and stern thruster overhauls.
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Garware Marine Industries Ltd 509563.BO
₹19.45 ₹0.45 (2.37%) 1D
Last Updated: Sep 08, 12:00 AM·BSE
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509563.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Garware Marine Industries Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Garware Marine Industries Ltd (509563.BO) Chart
Financial Metrics & Statements of Garware Marine Industries Ltd (509563.BO)
FAQ's for Garware Marine Industries Ltd (509563.BO)
As of September 2026, Garware Marine Industries Ltd 509563.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Garware Marine Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Garware Marine 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.
Musaffa determines the Shariah status of Garware Marine Industries Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Garware Marine Industries Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Garware Marine Industries Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Garware Marine Industries Ltd (509563.BO)
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