Is Canara Bank Ltd halal to invest in?

As of July 2026, Canara Bank Ltd 532483.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.

Is Canara Bank 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 Canara Bank Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Canara Bank Ltd?

Muslim investors may consider investing in Canara Bank 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 Canara Bank Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Canara Bank 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 Canara Bank Ltd updated?

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

Can a halal stock like Canara Bank 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 Canara Bank Ltd?

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

Canara Bank Ltd 532483.BO

Last Updated: Jul 17, 12:00 AM·BSE

532483.BO Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Canara Bank Ltd is classified as not halal.

NOT HALAL

Report Source: 2026 Annual Report

Canara Bank Ltd. Stock Analysis 532483.BO

India Financials Large Cap Report: 2026 Annual

Canara Bank engages in the provision of commercial banking and financial services. The Bank’s segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operations and Other Banking Operations. Its Retail Banking Operations include Digital Banking and Other Retail Banking. The company provides a range of personal banking services to individuals. The Bank also offers investment opportunities through mutual funds and insurance products. The company provides various loans, such as home loans, vehicle loans, education loans, personal loans, mortgage loans, gold loans, MSME loans, corporate loans, Agri loans, and solar loans. The company provides various deposits, such as savings account, current account, term deposits, online account opening, Canara crest and capital gain account. The company also focused on agriculture, education, housing, social infrastructure, renewable energy, microcredit, and lending to vulnerable sections of society and specified minority communities.

Key Statistics of Canara Bank Ltd (532483.BO)

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

Today's Range

₹124.30₹126.05

Today's Open

₹126.00

Volume

562.99K

P/E Ratio (TTM)

6.39

Financial Metrics & Statements of Canara Bank Ltd (532483.BO)

Super Investors Invested in Canara Bank Ltd (532483.BO)

FAQ's for Canara Bank Ltd (532483.BO)

As of July 2026, Canara Bank Ltd 532483.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 Canara Bank Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Canara Bank 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 Canara Bank 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 Canara Bank 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 Canara Bank Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.