Is Sovereign Diamonds Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sovereign Diamonds Ltd (523826.BO) is currently classified as NOT HALAL as of January 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 Sovereign Diamonds 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 Sovereign Diamonds Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sovereign Diamonds Ltd?

Muslim investors may consider investing in Sovereign Diamonds 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 Sovereign Diamonds Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Sovereign Diamonds 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 Sovereign Diamonds Ltd updated?

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

Can a halal stock like Sovereign Diamonds 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 Sovereign Diamonds Ltd?

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

Sovereign Diamonds Ltd 523826.BO

₹22.97 ₹1.02 (4.65%) 1D

Last Updated: May 15, 12:00 AM·BSE

523826.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 20, 2024

Report Source: 2024 2nd Quarter Report

Sovereign Diamonds Ltd. Stock Analysis 523826.BO

India Consumer Discretionary Nano Cap Report: Q2, 2024

Sovereign Diamonds Ltd. is engaged in manufacturing and selling of gold jewellery, diamond studded jewellery, and silver items. The firm operates in a single segment, which is Gold and Diamond studded Jewellery. The firm also exports its products to other countries.

Key Statistics of Sovereign Diamonds Ltd (523826.BO)

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

Today's Range

₹21.43₹22.98

Today's Open

₹21.95

Volume

1473.00

P/E Ratio (TTM)

981.73

52 Week Range

₹18.21₹40.00

Market Cap

124.05M

Avg. Volume

2411.36

Dividend Yield

Financial Metrics & Statements of Sovereign Diamonds Ltd (523826.BO)

FAQ's for Sovereign Diamonds Ltd (523826.BO)

According to Musaffa’s Shariah screening methodology, Sovereign Diamonds Ltd (523826.BO) is currently classified as NOT HALAL as of January 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.