Is NB Footwear Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, NB Footwear Ltd (523242.BO) is currently classified as NOT HALAL as of August 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 NB Footwear 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 NB Footwear Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of NB Footwear Ltd?

Muslim investors may consider investing in NB Footwear 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 NB Footwear Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of NB Footwear 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 NB Footwear Ltd updated?

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

Can a halal stock like NB Footwear 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 NB Footwear Ltd?

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

NB Footwear Ltd 523242.BO

₹7.58

Last Updated: May 15, 12:00 AM·BSE

523242.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 05, 2024

Report Source: 2024 Annual Report

NB Footwear Ltd. Stock Analysis 523242.BO

India N/A Nano Cap Report: 2024 Annual

NB Footwear Ltd. engages in the business as tanners, processors, manufacturers, importers, exporters, agents, representatives, dealers and consultants in wides, skins of all animal leather, leather goods and footwear of all kinds. The company is headquartered in Chennai, Tamil Nadu. The firm has no business activity nor generated any revenue.

Key Statistics of NB Footwear Ltd (523242.BO)

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

Today's Range

₹7.58₹7.58

Today's Open

₹7.58

Volume

1400.00

P/E Ratio (TTM)

52 Week Range

₹6.01₹16.19

Market Cap

103.97M

Avg. Volume

4685.00

Dividend Yield

Financial Metrics & Statements of NB Footwear Ltd (523242.BO)

FAQ's for NB Footwear Ltd (523242.BO)

According to Musaffa’s Shariah screening methodology, NB Footwear Ltd (523242.BO) is currently classified as NOT HALAL as of August 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.