Is Ushakiran Finance Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ushakiran Finance Ltd (511507.BO) is currently classified as NOT HALAL as of May 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 Ushakiran Finance 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 Ushakiran Finance Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ushakiran Finance Ltd?

Muslim investors may consider investing in Ushakiran Finance 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 Ushakiran Finance Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ushakiran Finance 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 Ushakiran Finance Ltd updated?

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

Can a halal stock like Ushakiran Finance 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 Ushakiran Finance Ltd?

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

Ushakiran Finance Ltd 511507.BO

₹52.05 ₹0.94 (1.77%) 1D

Last Updated: May 15, 12:00 AM·BSE

511507.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 10, 2024

Report Source: 2024 3rd Quarter Report

Ushakiran Finance Ltd. Stock Analysis 511507.BO

India Financials Nano Cap Report: Q3, 2024

Ushakiran Finance Ltd. engages in the business of finance, investment, and trading in shares. The company is headquartered in Hyderabad, Telangana and currently employs 4 full-time employees. The firm is engaged in the business of investments and financing activities. The firm undertakes fund-based financial activities as well as non-fund-based financial services. The firm also undertakes financial and consulting services like preparation of project reports, loan syndications, capital and debt restructuring.

Key Statistics of Ushakiran Finance Ltd (511507.BO)

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

Today's Range

₹52.05₹52.99

Today's Open

₹52.99

Volume

2.00

P/E Ratio (TTM)

52.34

52 Week Range

₹33.59₹60.50

Market Cap

123.26M

Avg. Volume

432.27

Dividend Yield

Financial Metrics & Statements of Ushakiran Finance Ltd (511507.BO)

FAQ's for Ushakiran Finance Ltd (511507.BO)

According to Musaffa’s Shariah screening methodology, Ushakiran Finance Ltd (511507.BO) is currently classified as NOT HALAL as of May 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.