Is First Custodian Fund (India) Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, First Custodian Fund (India) Ltd (511122.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 First Custodian Fund (India) 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 First Custodian Fund (India) Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of First Custodian Fund (India) Ltd?

Muslim investors may consider investing in First Custodian Fund (India) 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 First Custodian Fund (India) Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of First Custodian Fund (India) 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 First Custodian Fund (India) Ltd updated?

The Shariah compliance status of First Custodian Fund (India) Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like First Custodian Fund (India) 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 First Custodian Fund (India) Ltd?

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

First Custodian Fund (India) Ltd 511122.BO

₹76.75 ₹2.15 (2.72%) 1D

Last Updated: May 15, 12:00 AM·BSE

511122.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 10, 2024

Report Source: 2024 Annual Report

First Custodian Fund (India) Ltd. Stock Analysis 511122.BO

India Financials Nano Cap Report: 2024 Annual

First Custodian Fund India Ltd. engages in broking and related activities. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2003-12-09. The firm provides brokerage services in securities. The company also deals/invests in shares and securities.

Key Statistics of First Custodian Fund (India) Ltd (511122.BO)

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

Today's Range

₹69.60₹78.90

Today's Open

₹78.90

Volume

68.00

P/E Ratio (TTM)

6.13

52 Week Range

₹65.00₹139.70

Market Cap

123.00M

Avg. Volume

295.62

Dividend Yield

Financial Metrics & Statements of First Custodian Fund (India) Ltd (511122.BO)

FAQ's for First Custodian Fund (India) Ltd (511122.BO)

According to Musaffa’s Shariah screening methodology, First Custodian Fund (India) Ltd (511122.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.