No. As of October 2026, VMS Industries Ltd (533427.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. VMS Industries Ltd does not pass Musaffa's business and financial screening criteria.
VMS Industries Ltd. is a holding company, which engages in the business of ship recycling. The company is headquartered in Ahmedabad, Gujarat and currently employs 22 full-time employees. The company went IPO on 2011-06-14. The firm operates through two segments: Manufacturing and Trading. The Manufacturing segment is engaged in ship-breaking business activities. The Trading segment is engaged in the trading in ferrous and non-ferrous metals. The firm has purchased a total of approximately 37 ships for its ship recycling activities, which include LORETTA D, COLOMOBO STAR II, MADRE, VENUS GAS, WINCO, MT MAR, LIBRA GAS II, ANNOULA, KAPADOKIA, M V GREEN NEPTUNIC, JAMAIMA, KINGSWAY, THERESA LEPOARD, MV OCEAN, BLU, SHAN, INTERBOARD, HACI ALI SARI, MV ABM PIONEER, M.V NOA, ARMIA KRAJOWA, M.V.HANJI, M.V. MASUREN, M.V. COMMODORE and M.V. BALEEN, and others. The firm recycles ships at the Alang Ship Breaking Yard.
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VMS Industries Ltd 533427.BO
₹18.11 ₹0.19 (1.04%) 1D
Last Updated: Oct 05, 12:00 AM·BSE
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533427.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, VMS Industries Ltd is classified as not halal.
NOT HALAL
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FAQ's for VMS Industries Ltd (533427.BO)
As of October 2026, VMS Industries Ltd 533427.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 VMS Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in VMS 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.
Musaffa determines the Shariah status of VMS Industries 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 VMS Industries 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 VMS Industries 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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