No. As of September 2026, Arman Financial Services Ltd (531179.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Arman Financial Services Ltd does not pass Musaffa's business and financial screening criteria.
Arman Financial Services Ltd. is a holding company, which engages in the business of micro-finance. The firm is a non-banking finance company (NBFC). The company is engaged primarily in the business of Financing. The firm and its subsidiary are engaged in the business of providing Micro, Small and Medium Enterprise loans (MSME), TwoWheeler loans (TW), Loan again property (LAP) and Micro Finance Joint Liability Groups (JLG) Loans. The company offers products such as Two Wheeler, which offers two wheeler financing for all models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha, and Royal Enfield; and MSME, it offers term loans to the underserved non-group micro-enterprise segment of the Indian market. The firm has one subsidiary, Namra Finance Limited, which is a non-deposit taking NBFC - Microfinance Institution (NBFC-MFI). Its subsidiary is engaged in providing microfinance loans (MFL) to Joint Liability Groups (JLGs), with a focus on women entrepreneurs.
Arman Financial Services Ltd 531179.BO
₹2,019.80 ₹29.20 (1.47%) 1D
Last Updated: Sep 11, 12:00 AM·BSE
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531179.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Arman Financial Services Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Arman Financial Services Ltd (531179.BO)
FAQ's for Arman Financial Services Ltd (531179.BO)
As of September 2026, Arman Financial Services Ltd 531179.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 Arman Financial Services Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Arman Financial Services 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 Arman Financial Services 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 Arman Financial Services 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 Arman Financial Services Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.