Is Mahan Industries Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Mahan Industries Ltd (531515.BO) is currently classified as NOT HALAL as of December 2023. 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 Mahan Industries 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 Mahan Industries Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Mahan Industries Ltd?

Muslim investors may consider investing in Mahan Industries 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 Mahan Industries Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Mahan Industries 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 Mahan Industries Ltd updated?

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

Can a halal stock like Mahan Industries 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 Mahan Industries Ltd?

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

Mahan Industries Ltd 531515.BO

₹10.56 ₹0.50 (4.97%) 1D

Last Updated: May 11, 12:00 AM·BSE

531515.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 29, 2023

Report Source: 2024 1st Quarter Report

Mahan Industries Ltd. Stock Analysis 531515.BO

India Financials Nano Cap Report: Q1, 2024

Mahan Industries Ltd. is a non-banking financial company, which engages in the provision of equity capital, debts, and loans. The company is headquartered in Ahmedabad, Gujarat and currently employs 6 full-time employees. The company went IPO on 2005-07-07. The firm invests in equity shares and also invest in public companies that are traded stock exchange and acquires investment in the secondary market. The company also provides equity capital to the companies and also provides loans and debts to companies, business entities and high net worth individuals. The firm also trades in commodities.

Key Statistics of Mahan Industries Ltd (531515.BO)

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

Today's Range

₹10.06₹10.56

Today's Open

₹10.06

Volume

206.00

P/E Ratio (TTM)

52 Week Range

₹7.05₹10.56

Market Cap

45.34M

Avg. Volume

527.25

Dividend Yield

Financial Metrics & Statements of Mahan Industries Ltd (531515.BO)

FAQ's for Mahan Industries Ltd (531515.BO)

According to Musaffa’s Shariah screening methodology, Mahan Industries Ltd (531515.BO) is currently classified as NOT HALAL as of December 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.