Is Indo-City Infotech Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Indo-City Infotech Ltd (532100.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 Indo-City Infotech 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 Indo-City Infotech Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Indo-City Infotech Ltd?

Muslim investors may consider investing in Indo-City Infotech 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 Indo-City Infotech Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Indo-City Infotech 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 Indo-City Infotech Ltd updated?

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

Can a halal stock like Indo-City Infotech 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 Indo-City Infotech Ltd?

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

Indo-City Infotech Ltd 532100.BO

₹11.30 ₹0.19 (1.65%) 1D

Last Updated: May 15, 12:00 AM·BSE

532100.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 22, 2024

Report Source: 2024 Annual Report

Indo-City Infotech Ltd. Stock Analysis 532100.BO

India Financials Nano Cap Report: 2024 Annual

Indo-City Infotech Ltd. provides information technology software products and solutions. The company is headquartered in Mumbai, Maharashtra. The firm is engaged in financial activities. The company is focused on financing through loans against securities and mortgage and other finance activities.

Key Statistics of Indo-City Infotech Ltd (532100.BO)

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

Today's Range

₹11.30₹11.49

Today's Open

₹11.49

Volume

33.00

P/E Ratio (TTM)

52 Week Range

₹9.20₹14.08

Market Cap

118.85M

Avg. Volume

1764.00

Dividend Yield

Financial Metrics & Statements of Indo-City Infotech Ltd (532100.BO)

FAQ's for Indo-City Infotech Ltd (532100.BO)

According to Musaffa’s Shariah screening methodology, Indo-City Infotech Ltd (532100.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.