Is Clio Infotech Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Clio Infotech Ltd (530839.BO) is currently classified as NOT HALAL as of July 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 Clio Infotech 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 Clio Infotech Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Clio Infotech Ltd?

Muslim investors may consider investing in Clio Infotech 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 Clio Infotech Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Clio Infotech 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 Clio Infotech Ltd updated?

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

Can a halal stock like Clio Infotech 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 Clio Infotech Ltd?

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

Clio Infotech Ltd 530839.BO

₹9.48 ₹0.30 (3.27%) 1D

Last Updated: May 15, 12:00 AM·BSE

530839.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 13, 2024

Report Source: 2024 Annual Report

Clio Infotech Ltd. Stock Analysis 530839.BO

India Information Technology Nano Cap Report: 2024 Annual

Clio Infotech Ltd. is engaged in writing, modifying, testing of computer program to meet the needs of a particular client excluding web-page designing. The company is headquartered in Mumbai, Maharashtra and currently employs 2 full-time employees. The company went IPO on 2000-01-10. The firm provides a comprehensive set of software solutions, coupled with a wide range of IT services, uniquely positions the Company to address the dynamic requirements of various industry verticals, such as insurance, capital markets, asset and wealth management (BFSI). The firm also provides solutions for other verticals such as manufacturing, retail, distribution, telecom and healthcare. The firm integrates its products and services to create customized solutions for its customers.

Key Statistics of Clio Infotech Ltd (530839.BO)

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

Today's Range

₹8.90₹9.70

Today's Open

₹9.18

Volume

10.51K

P/E Ratio (TTM)

192.47

52 Week Range

₹4.07₹10.59

Market Cap

69.26M

Avg. Volume

21.57K

Dividend Yield

Financial Metrics & Statements of Clio Infotech Ltd (530839.BO)

FAQ's for Clio Infotech Ltd (530839.BO)

According to Musaffa’s Shariah screening methodology, Clio Infotech Ltd (530839.BO) is currently classified as NOT HALAL as of July 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.