Is Paragon Finance Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Paragon Finance Ltd (531255.BO) is currently classified as NOT HALAL as of June 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 Paragon Finance 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 Paragon Finance Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Paragon Finance Ltd?

Muslim investors may consider investing in Paragon Finance 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 Paragon Finance Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Paragon Finance 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 Paragon Finance Ltd updated?

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

Can a halal stock like Paragon Finance 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 Paragon Finance Ltd?

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

Paragon Finance Ltd 531255.BO

₹51.00 ₹2.80 (5.81%) 1D

Last Updated: May 15, 12:00 AM·BSE

531255.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 24, 2024

Report Source: 2024 Annual Report

Paragon Finance Ltd. Stock Analysis 531255.BO

India Financials Nano Cap Report: 2024 Annual

Paragon Finance Ltd. is a non-banking finance company, which engages in the business of providing loans, and making investments in shares and securities. The company is headquartered in Kolkata, West Bengal and currently employs 3 full-time employees. The firm is engaged in the business of providing loans and making investments in shares and securities. The company provides loans against hypothecation of vehicles.

Key Statistics of Paragon Finance Ltd (531255.BO)

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

Today's Range

₹47.95₹56.62

Today's Open

₹48.20

Volume

1920.00

P/E Ratio (TTM)

63.56

52 Week Range

₹40.16₹69.99

Market Cap

232.02M

Avg. Volume

670.24

Dividend Yield

Financial Metrics & Statements of Paragon Finance Ltd (531255.BO)

FAQ's for Paragon Finance Ltd (531255.BO)

According to Musaffa’s Shariah screening methodology, Paragon Finance Ltd (531255.BO) is currently classified as NOT HALAL as of June 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.