Yes. As of October 2026, Waterbase Ltd (523660.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Waterbase Ltd passes Musaffa's business and financial screening criteria.
The Waterbase Ltd. engages in the manufacture and trade of shrimp feed. The firm is engaged in the business of feed and farmcare, Processed Shrimp, Others (Shrimp Hatchery and FFD). The Company’s segments include Shrimp Feeds, Processed Shrimp, and Others. The company produces a range of shrimp feeds from its plants installed with advanced pelleting technology machines and fully automated computer-controlled operation. Its shrimp feed brands include Bay White, Ultra XL, Tigerbay XL, and Magnum. Bay White is an Indian brand developed for Vannamei shrimp (Litopenaeus vannamei) farming. Ultra XL is formulated to meet the nutritional needs of tiger shrimp (Penaeus monodon). Tigerbay XL is a balanced feed for modified extensive farming of tiger shrimp. Magnum is its feed for Scampi (Macrobrachium Rosenbergii) in India.
Waterbase Ltd 523660.BO
₹44.50 ₹0.56 (1.24%) 1D
Last Updated: Oct 16, 12:00 AM·BSE
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523660.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Waterbase Ltd is classified as halal.
HALAL
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FAQ's for Waterbase Ltd (523660.BO)
As of October 2026, Waterbase Ltd 523660.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 Waterbase Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Waterbase 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 Waterbase 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 Waterbase 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 Waterbase 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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