Is Magnanimous Trade & Finance Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Magnanimous Trade & Finance Ltd (512377.BO) is currently classified as NOT HALAL as of July 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 Magnanimous Trade & 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 Magnanimous Trade & Finance Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Magnanimous Trade & Finance Ltd?

Muslim investors may consider investing in Magnanimous Trade & 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 Magnanimous Trade & Finance Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Magnanimous Trade & 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 Magnanimous Trade & Finance Ltd updated?

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

Can a halal stock like Magnanimous Trade & 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 Magnanimous Trade & Finance Ltd?

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

Magnanimous Trade & Finance Ltd 512377.BO

₹5.64

Last Updated: Aug 09, 12:00 AM·BSE

512377.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 18, 2024

Report Source: 2024 Annual Report

Magnanimous Trade & Finance Ltd. Stock Analysis 512377.BO

India N/A Nano Cap Report: 2024 Annual

Magnanimous Trade & Finance Ltd. engages in the provision of financial services. The company is headquartered in Jaipur, Rajasthan. The company went IPO on 2013-06-17. The firm is a Non-Banking Financial Company (NBFC).

Key Statistics of Magnanimous Trade & Finance Ltd (512377.BO)

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

Today's Range

₹5.64₹5.64

Today's Open

₹5.64

Volume

1.00

P/E Ratio (TTM)

0.11

52 Week Range

₹3.03₹3.66

Market Cap

5.37M

Avg. Volume

87.63

Dividend Yield

Financial Metrics & Statements of Magnanimous Trade & Finance Ltd (512377.BO)

FAQ's for Magnanimous Trade & Finance Ltd (512377.BO)

According to Musaffa’s Shariah screening methodology, Magnanimous Trade & Finance Ltd (512377.BO) is currently classified as NOT HALAL as of July 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.