No. As of September 2026, HBG Hotels Ltd (537839.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. HBG Hotels Ltd does not pass Musaffa's business and financial screening criteria.
HBG Hotels Ltd. engages in the provision of services relating to the hotel and resort business. The company is headquartered in Mumbai, Maharashtra and currently employs 177 full-time employees. The company went IPO on 2014-04-07. The firm is engaged in hotels and resorts, travel services and property holdings. The company develops and owns hotels and resorts in association with hotel management chains. The travel business is owned by Hede Consultancy Co. Pvt. Ltd. and is operated under the brand of Travel Force - an IATA accredited Travel Service Company in Goa. The core activity of the Company involves the extraction and export of iron ore. The company has an iron mining concession in Goa.
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HBG Hotels Ltd 537839.BO
₹72.00 ₹6.54 (9.99%) 1D
Last Updated: Sep 11, 12:00 AM·BSE
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537839.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, HBG Hotels Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
HBG Hotels Ltd (537839.BO) Chart
Financial Metrics & Statements of HBG Hotels Ltd (537839.BO)
FAQ's for HBG Hotels Ltd (537839.BO)
As of September 2026, HBG Hotels Ltd 537839.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 HBG Hotels Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in HBG Hotels 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 HBG Hotels 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 HBG Hotels 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 HBG Hotels 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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