No. As of September 2026, Shardul Securities Ltd (512393.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Shardul Securities Ltd does not pass Musaffa's business and financial screening criteria.
Shardul Securities Ltd. engages in the provision of investment banking services. The company is headquartered in Mumbai, Maharashtra and currently employs 9 full-time employees. The firm is engaged in the business of investment and finance activities, including broking activities in India. Its segments include Investment & Finance activity and Other activity. The Investment and Finance activity segment includes investment and lending activities. The Other activity segment includes broking activities. The company is also engaged in investment in equity, and trading in bonds, mutual funds, govt securities and treasury bills. The firm invests in commercial papers, certificate of deposits, derivatives including options and futures. The company offers initial public offering (IPO) funding, forex advisory services, and loan syndications. The company is engaged in broking activities through its wholly owned subsidiary, Shiryam Broking Intermediary Limited. Shiryam Broking Intermediary Limited offers broker deals in equity, bonds, derivatives, and all other related instruments.
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Shardul Securities Ltd 512393.BO
₹53.80 ₹0.71 (1.30%) 1D
Last Updated: Sep 08, 12:00 AM·BSE
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512393.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Shardul Securities Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Shardul Securities Ltd (512393.BO) Chart
Financial Metrics & Statements of Shardul Securities Ltd (512393.BO)
FAQ's for Shardul Securities Ltd (512393.BO)
As of September 2026, Shardul Securities Ltd 512393.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 Shardul Securities Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Shardul Securities 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 Shardul Securities 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 Shardul Securities 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 Shardul Securities 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 Shardul Securities Ltd (512393.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.