Is Yarn Syndicate Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Yarn Syndicate Ltd (514378.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 Yarn Syndicate 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 Yarn Syndicate Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Yarn Syndicate Ltd?

Muslim investors may consider investing in Yarn Syndicate 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 Yarn Syndicate Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Yarn Syndicate 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 Yarn Syndicate Ltd updated?

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

Can a halal stock like Yarn Syndicate 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 Yarn Syndicate Ltd?

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

Yarn Syndicate Ltd 514378.BO

₹15.70 ₹2.34 (17.51%) 1D

Last Updated: May 15, 12:00 AM·BSE

514378.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2024

Report Source: 2024 Annual Report

Yarn Syndicate Ltd. Stock Analysis 514378.BO

India Industrials Nano Cap Report: 2024 Annual

Yarn Syndicate Ltd. engages in the export of yarn. The company is headquartered in Kolkata, West Bengal. The firm is a merchant exporter and trader and is involved in the export and trading of various types of yarn, raw cotton and fabrics. Its yarn products include cotton yarn, synthetic yarn, blended yarn, melange/heather yarn, and others. Its fabric product offering includes knitted fabrics and woven fabrics. Its cotton yarn products include ring spun, open-end yarn, organic yarn, slub yarn, compact yarn, and other specialized yarn. The firm's synthetic yarn products include semi dull raw white, semi dull dope dyed, bright trilobal, full dull, FDY, FDY colored, twisted yarns, 100% rayon and cationic dyable. Its blended yarn products include cotton/polyester (CVC) and polyester/viscose. Its knitted fabrics include single jersey, rib, pique, and interlock. Its woven fabrics include plain, twill, satin, and sheetings.

Key Statistics of Yarn Syndicate Ltd (514378.BO)

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

Today's Range

₹13.36₹18.20

Today's Open

₹13.36

Volume

6086.00

P/E Ratio (TTM)

52 Week Range

₹11.23₹24.80

Market Cap

77.61M

Avg. Volume

4189.57

Dividend Yield

Financial Metrics & Statements of Yarn Syndicate Ltd (514378.BO)

FAQ's for Yarn Syndicate Ltd (514378.BO)

According to Musaffa’s Shariah screening methodology, Yarn Syndicate Ltd (514378.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.