Is Ashoka Refineries Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ashoka Refineries Ltd (526983.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 Ashoka Refineries 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 Ashoka Refineries Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ashoka Refineries Ltd?

Muslim investors may consider investing in Ashoka Refineries 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 Ashoka Refineries Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ashoka Refineries 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 Ashoka Refineries Ltd updated?

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

Can a halal stock like Ashoka Refineries 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 Ashoka Refineries Ltd?

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

Ashoka Refineries Ltd 526983.BO

₹14.04

Last Updated: May 11, 12:00 AM·BSE

526983.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 12, 2024

Report Source: 2025 1st Quarter Report

Ashoka Refineries Ltd. Stock Analysis 526983.BO

India N/A Nano Cap Report: Q1, 2025

Ashoka Refineries Ltd. engages in the provision of logistics services. The company is headquartered in Raipur, Chhattisgarh and currently employs 7 full-time employees. The firm carries on business to import, export, buy, sell, cargo handling, manufacture and refine, prepare, and deal in oil and oil substances. The company also focuses on the setup of oil extraction and refining oil plants and undertaking wholesale and retail business or indenting of all kinds of products.

Key Statistics of Ashoka Refineries Ltd (526983.BO)

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

Today's Range

₹14.04₹14.04

Today's Open

₹14.04

Volume

100.00

P/E Ratio (TTM)

52 Week Range

₹11.79₹14.15

Market Cap

45.59M

Avg. Volume