No. As of September 2026, Bal Pharma Ltd (524824.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bal Pharma Ltd does not pass Musaffa's business and financial screening criteria.
Bal Pharma Ltd. is a holding company, which engages in the research, development, and commercialization of pharmaceutical products. The firm is engaged in the manufacturing and marketing of pharmaceutical formulations and active pharmaceutical ingredients (API). The company specializes in prescription drugs, generic & OTC products, intravenous infusion, and bulk actives. The firm offers a range of APIs including antihistamine, platelet inhibitor, anti-diabetic, anticonvulsant, urinary incontinence, neuropathic pain, anti-allergy, anti-inflammatory, diuretic, acne treatment, and others. The company also offers a range of formulations covering dosage forms-tablets, capsules, syrups, suspensions, IV infusions, ophthalmics, creams and ointments to various semi-regulated markets. The API products are being exported to Japan, Australia, Spain, the United Kingdom, Canada, Nigeria, Iceland, Slovenia, Romania, Brazil, Pakistan, Germany, South Africa, Serbia, Taiwan, Malaysia, Thailand, among others.
Bal Pharma Ltd 524824.BO
₹108.42 ₹7.58 (6.53%) 1D
Last Updated: Sep 15, 12:00 AM·BSE
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524824.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Bal Pharma Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Bal Pharma Ltd (524824.BO)
FAQ's for Bal Pharma Ltd (524824.BO)
As of September 2026, Bal Pharma Ltd 524824.BO is classified as not 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 Bal Pharma Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Bal Pharma 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 Bal Pharma 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 Bal Pharma 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 Bal Pharma 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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