Is Minaxi Textiles Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Minaxi Textiles Ltd (531456.BO) is currently classified as NOT HALAL as of November 2022. 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 Minaxi Textiles 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 Minaxi Textiles Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Minaxi Textiles Ltd?

Muslim investors may consider investing in Minaxi Textiles 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 Minaxi Textiles Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Minaxi Textiles 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 Minaxi Textiles Ltd updated?

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

Can a halal stock like Minaxi Textiles 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 Minaxi Textiles Ltd?

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

Minaxi Textiles Ltd 531456.BO

₹1.60 ₹0.15 (10.34%) 1D

Last Updated: May 15, 12:00 AM·BSE

531456.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 09, 2022

Report Source: 2022 1st Quarter Report

Minaxi Textiles Ltd. Stock Analysis 531456.BO

India Consumer Discretionary Nano Cap Report: Q1, 2022

Minaxi Textiles Ltd. engages in weaving and manufacture of synthetic grey cloth of suiting & shirting mixture fabrics. The firm is also engaged in the weaving of gray cloth for suiting and shirting. The firm deals in suiting products, having a specialty in fancy suiting fabrics. Its products include suiting lycra fabric, cotton quilts, broken twill fabric and satin fabric. The company has approximately 40 picanol gamma weaving machines. The firm offers a range of fabrics that help foster designers and customers. The company offers products in India, covering the local market for fabric in the cities of India and outside of India.

Key Statistics of Minaxi Textiles Ltd (531456.BO)

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

Today's Range

₹1.45₹1.69

Today's Open

₹1.45

Volume

7119.00

P/E Ratio (TTM)

52 Week Range

₹1.19₹2.20

Market Cap

78.20M

Avg. Volume

16.20K

Dividend Yield

Financial Metrics & Statements of Minaxi Textiles Ltd (531456.BO)

FAQ's for Minaxi Textiles Ltd (531456.BO)

According to Musaffa’s Shariah screening methodology, Minaxi Textiles Ltd (531456.BO) is currently classified as NOT HALAL as of November 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.