No. As of September 2026, Garnet Construction Ltd (526727.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Garnet Construction Ltd does not pass Musaffa's business and financial screening criteria.
Garnet Construction Ltd. engages in the development of real estate properties. The company is headquartered in Mumbai, Maharashtra and currently employs 36 full-time employees. The firm is primarily engaged in the construction and sale of industrial, as well as residential plots. The company is focused on residential, commercial, retail, and other projects, such as mass housing and cluster redevelopment. The firm develops, manages and leases industrial plots and sheds. The company designs its projects to cater to individual and institutional buyers. The firm offers its clients a range of real estate-related services, which includes residential/industrial/commercial open plots/bungalows at Khopoli and Lonavala. Its residential projects include Pyramid, Brillante, and Magic Hills. The Company’s commercial project includes Garnet Paladium situated in Goregaon (east). Its industrial projects include Arkose Industrial Estate and Aditya Industrial Estate. Its Arkose Industrial Estate and Aditya Industrial Estate are spread over 13 acres and approximately eight acres of land respectively.
Garnet Construction Ltd 526727.BO
₹50.94 ₹3.30 (6.08%) 1D
Last Updated: Sep 11, 12:00 AM·BSE
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526727.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Garnet Construction Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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FAQ's for Garnet Construction Ltd (526727.BO)
As of September 2026, Garnet Construction Ltd 526727.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 Garnet Construction Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Garnet Construction 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 Garnet Construction 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 Garnet Construction 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 Garnet Construction 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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