Is Steel Strips Infrastructures Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Steel Strips Infrastructures Ltd (513173.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 Steel Strips Infrastructures 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 Steel Strips Infrastructures Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Steel Strips Infrastructures Ltd?

Muslim investors may consider investing in Steel Strips Infrastructures 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 Steel Strips Infrastructures Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Steel Strips Infrastructures 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 Steel Strips Infrastructures Ltd updated?

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

Can a halal stock like Steel Strips Infrastructures 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 Steel Strips Infrastructures Ltd?

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

Steel Strips Infrastructures Ltd 513173.BO

₹20.10 ₹3.80 (15.90%) 1D

Last Updated: May 15, 12:00 AM·BSE

513173.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 18, 2024

Report Source: 2024 Annual Report

Steel Strips Infrastructures Ltd. Stock Analysis 513173.BO

India Real Estate Nano Cap Report: 2024 Annual

Steel Strips Infrastructures Ltd. engages in real estate activities. The company is headquartered in Chandigarh, Chandigarh and currently employs 2 full-time employees. The firm's Sab Mall is a shopping venue, which is located in Noida. The firm has an approximately 45 lakh customer base and has a retail mix of street retailers. The Sab Mall operates over 340 shops. These shops offer designer clothing to electrical appliances, gold jewelers to perfume, and others. The Sab Mall also has parking spaces. The Sab Mall is air-conditioned and smoke-free, and it has special facilities for the disabled and elderly. The mega food court at Sab Mall provides a seating capacity of approximately 700. The mega food court caters to every taste bud with a range of cuisines to offer.

Key Statistics of Steel Strips Infrastructures Ltd (513173.BO)

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

Today's Range

₹20.00₹23.90

Today's Open

₹23.90

Volume

3898.00

P/E Ratio (TTM)

52 Week Range

₹18.00₹30.10

Market Cap

188.62M

Avg. Volume

2574.32

Dividend Yield

Financial Metrics & Statements of Steel Strips Infrastructures Ltd (513173.BO)

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FAQ's for Steel Strips Infrastructures Ltd (513173.BO)

According to Musaffa’s Shariah screening methodology, Steel Strips Infrastructures Ltd (513173.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.