Is Ind Renewable Energy Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ind Renewable Energy Ltd (536709.BO) is currently classified as NOT HALAL as of July 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 Ind Renewable Energy 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 Ind Renewable Energy Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ind Renewable Energy Ltd?

Muslim investors may consider investing in Ind Renewable Energy 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 Ind Renewable Energy Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ind Renewable Energy 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 Ind Renewable Energy Ltd updated?

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

Can a halal stock like Ind Renewable Energy 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 Ind Renewable Energy Ltd?

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

Ind Renewable Energy Ltd 536709.BO

₹11.00

Last Updated: May 15, 12:00 AM·BSE

536709.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 15, 2024

Report Source: 2024 Annual Report

Ind Renewable Energy Ltd. Stock Analysis 536709.BO

India N/A Nano Cap Report: 2024 Annual

IND Renewable Energy Ltd. engages in the electric power generation using solar energy. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2013-10-28. The firm is engaged in the business of generation of solar power, including rooftop solar. The firm is focused on setting up a 2.5 megawatts (MW) Solar PV System at Vasai District, Palgar, Maharashtra.

Key Statistics of Ind Renewable Energy Ltd (536709.BO)

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

Today's Range

₹10.67₹11.30

Today's Open

₹11.00

Volume

11.58K

P/E Ratio (TTM)

52 Week Range

₹9.72₹16.70

Market Cap

168.06M

Avg. Volume

15.76K

Dividend Yield

Financial Metrics & Statements of Ind Renewable Energy Ltd (536709.BO)

FAQ's for Ind Renewable Energy Ltd (536709.BO)

According to Musaffa’s Shariah screening methodology, Ind Renewable Energy Ltd (536709.BO) is currently classified as NOT HALAL as of July 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.