Yes. As of September 2026, Onward Technologies Ltd (517536.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Onward Technologies Ltd passes Musaffa's business and financial screening criteria.
Onward Technologies Ltd. engages in the provision of engineering design and IT services. The company is headquartered in Mumbai, Maharashtra. The firm is focused on three verticals: transportation and mobility, industrial equipment and heavy machinery, and healthcare and medical technology (MedTech). Its service lines include digital services, mechanical engineering services, embedded and electronics engineering services, and information technology services. Its digital services include engineering automation, big data analytics, cloud and DevOps, artificial intelligence/machine learning, and digital with virtual reality/augmented reality. Its mechanical engineering services include new product design and development, and value engineering. Its embedded and electronics engineering services include platform services hardware, software and connectivity solutions. Its information technology services include enterprise applications, and data management and reporting.
Onward Technologies Ltd 517536.BO
₹283.00 ₹0.75 (0.26%) 1D
Last Updated: Sep 04, 12:00 AM·BSE
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517536.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Onward Technologies Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
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FAQ's for Onward Technologies Ltd (517536.BO)
As of September 2026, Onward Technologies Ltd 517536.BO is classified as 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 Onward Technologies Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Onward Technologies 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 Onward Technologies 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 Onward Technologies 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 Onward Technologies Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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