Is Sunraj Diamond Exports Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sunraj Diamond Exports Ltd (523425.BO) is currently classified as NOT HALAL as of October 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 Sunraj Diamond Exports 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 Sunraj Diamond Exports Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sunraj Diamond Exports Ltd?

Muslim investors may consider investing in Sunraj Diamond Exports 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 Sunraj Diamond Exports Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Sunraj Diamond Exports 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 Sunraj Diamond Exports Ltd updated?

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

Can a halal stock like Sunraj Diamond Exports 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 Sunraj Diamond Exports Ltd?

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

Sunraj Diamond Exports Ltd 523425.BO

₹16.30

Last Updated: May 04, 12:00 AM·BSE

523425.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 29, 2024

Report Source: 2025 1st Quarter Report

Sunraj Diamond Exports Ltd. Stock Analysis 523425.BO

India Consumer Discretionary Nano Cap Report: Q1, 2025

Sunraj Diamond Exports Ltd. engages in the manufacture, trading, and exporting of gold jewelry, cut and polished diamond, and silver items. The company is headquartered in Mumbai, Maharashtra. The firm operates in a single business segment that is trading in cut and polished diamonds. The company is also involved in the trading of gems and precious metals. Its product range includes rough diamonds and polished diamonds. The raw materials for rough diamonds are sourced from mining companies such as De Beers, Rio Tinto, and Alrosa, as well as several smaller miners in Africa. The company maintains a stock of polished diamonds ranging from approximately 0.02 carat (cts) to one carat in round shapes.

Key Statistics of Sunraj Diamond Exports Ltd (523425.BO)

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

Today's Range

₹16.30₹16.30

Today's Open

₹16.30

Volume

1.00

P/E Ratio (TTM)

11.27

52 Week Range

₹7.40₹23.48

Market Cap

96.09M

Avg. Volume

106.20

Dividend Yield

Financial Metrics & Statements of Sunraj Diamond Exports Ltd (523425.BO)

FAQ's for Sunraj Diamond Exports Ltd (523425.BO)

According to Musaffa’s Shariah screening methodology, Sunraj Diamond Exports Ltd (523425.BO) is currently classified as NOT HALAL as of October 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.