Yes. As of October 2026, Incredible Industries Ltd (538365.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Incredible Industries Ltd passes Musaffa's business and financial screening criteria.
Incredible Industries Ltd. engages in the manufacturing and sale of iron and steel related rolled products. The company is headquartered in Kolkata, West Bengal and currently employs 195 full-time employees. The company went IPO on 2014-05-26. The firm is primarily engaged in manufacturing rolled products, mainly thermo mechanically treated bars (TMT) bars, rounds and wire rods. The firm operates through the Iron and Steel products segment. Its products include Adhunik Nails, TMT Bars, Link Edge. Its manufacturing facilities consist of a rolling mill with a capacity of approximately 1,70,000 million tons per annum (MTPA) at Raturia Industrial Area, Angadpur, Durgapur, West Bengal, and a windmill of approximately 1.50 megawatts (MW) capacity at Dhule, Maharashtra.
Incredible Industries Ltd 538365.BO
₹31.38 ₹0.32 (1.03%) 1D
Last Updated: Oct 09, 12:00 AM·BSE
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538365.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Incredible Industries Ltd is classified as halal.
HALAL
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FAQ's for Incredible Industries Ltd (538365.BO)
As of October 2026, Incredible Industries Ltd 538365.BO is classified as 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 Incredible Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Incredible 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 Incredible 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 Incredible 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 Incredible 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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