Is GCM Commodity & Derivatives Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, GCM Commodity & Derivatives Ltd (535917.BO) is currently classified as NOT HALAL as of January 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 GCM Commodity & Derivatives 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 GCM Commodity & Derivatives Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of GCM Commodity & Derivatives Ltd?

Muslim investors may consider investing in GCM Commodity & Derivatives 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 GCM Commodity & Derivatives Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of GCM Commodity & Derivatives 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 GCM Commodity & Derivatives Ltd updated?

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

Can a halal stock like GCM Commodity & Derivatives 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 GCM Commodity & Derivatives Ltd?

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

GCM Commodity & Derivatives Ltd 535917.BO

₹4.23

Last Updated: Mar 27, 12:00 AM·BSE

535917.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 08, 2024

Report Source: 2024 2nd Quarter Report

GCM Commodity & Derivatives Ltd. Stock Analysis 535917.BO

India Financials Nano Cap Report: Q2, 2024

GCM Commodity & Derivatives Ltd. engages in the business of trading and investments in equity shares. The company is headquartered in Kolkata, West Bengal and currently employs 7 full-time employees. The company went IPO on 2013-08-14. The firm is engaged in the business of trading and investment in equity shares. The company operates through the trading in shares and securities segment. The firm carries out trading and investment activities in both the equity segment of both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The firm is also engaged in the money lending business. The company is engaged in the business of investing in National Spot Exchange Limited (NSEL) investment products for arbitrage opportunities and commodity broking. The company provides commodity broking facilities through its membership of NSEL. NSEL investment products offer a return on investment opportunity in the commodities market for Indian resident investors.

Key Statistics of GCM Commodity & Derivatives Ltd (535917.BO)

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

Today's Range

₹4.23₹4.23

Today's Open

₹4.23

Volume

36.00K

P/E Ratio (TTM)

52 Week Range

₹3.30₹6.12

Market Cap

31.46M

Avg. Volume

24.00K

Dividend Yield

Financial Metrics & Statements of GCM Commodity & Derivatives Ltd (535917.BO)

FAQ's for GCM Commodity & Derivatives Ltd (535917.BO)

According to Musaffa’s Shariah screening methodology, GCM Commodity & Derivatives Ltd (535917.BO) is currently classified as NOT HALAL as of January 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.