No. As of October 2026, Asian Star Co Ltd (531847.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Asian Star Co Ltd does not pass Musaffa's business and financial screening criteria.
Asian Star Co. Ltd. engages in the manufacture and retail of diamond jewelry. The firm is engaged in the business of diamond cutting and polishing, jewelry manufacturing, and retailing. The company is also engaged in generation of electricity through wind power. The Company’s segments include diamonds, jewellery, and others. Its two business verticals are diamond manufacturing and diamond jewelry manufacturing. Its diamond products include generic diamonds, certified diamonds, mine-origin programme diamonds, and special-cut diamonds. Its diamond jewelry collections include wedding jewelry, petite bridals, men’s jewelry, Indian fashion, European fashion, cocktail jewelry, classic chic, and ceramic indulgence. The Company’s subsidiaries include Asian Star DMCC, Asian Star Co. Ltd (USA), and Asian Star Trading (Hong Kong) Ltd. Its manufacturing facilities are located Gujarat, Mumbai, Tamil Nadu, and Palakkad.
Asian Star Co Ltd 531847.BO
₹620.00 ₹5.50 (0.88%) 1D
Last Updated: Oct 09, 12:00 AM·BSE
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531847.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Asian Star Co Ltd is classified as not halal.
NOT HALAL
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FAQ's for Asian Star Co Ltd (531847.BO)
As of October 2026, Asian Star Co Ltd 531847.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 Asian Star Co Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Asian Star Co 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 Asian Star Co 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 Asian Star Co 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 Asian Star Co Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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