Is Raama Finance Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Raama Finance Ltd (538540.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 Raama Finance 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 Raama Finance Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Raama Finance Ltd?

Muslim investors may consider investing in Raama Finance 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 Raama Finance Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Raama Finance 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 Raama Finance Ltd updated?

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

Can a halal stock like Raama Finance 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 Raama Finance Ltd?

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

Raama Finance Ltd 538540.BO

₹10.78 ₹0.28 (2.67%) 1D

Last Updated: May 15, 12:00 AM·BSE

538540.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 07, 2024

Report Source: 2024 2nd Quarter Report

Raama Finance Ltd. Stock Analysis 538540.BO

India Financials Nano Cap Report: Q2, 2024

Ramchandra Leasing & Finance Ltd. is a non-banking financial company. The company is headquartered in Noida, Uttar Pradesh and currently employs 1 full-time employees. The firm is engaged in the business of finance and trading in shares and securities, derivatives and others. The firm has only one reportable segment, which is Financial Services (Including NBFC). Its services include leasing (short term and long term), hire purchase and loans. The company provides financial assistance in the form of loans (secured and unsecured) to corporate bodies.

Key Statistics of Raama Finance Ltd (538540.BO)

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

Today's Range

₹10.50₹10.78

Today's Open

₹10.50

Volume

11.81K

P/E Ratio (TTM)

5,971.86

52 Week Range

₹2.80₹13.18

Market Cap

1.02B

Avg. Volume

73.84K

Dividend Yield

Financial Metrics & Statements of Raama Finance Ltd (538540.BO)

FAQ's for Raama Finance Ltd (538540.BO)

According to Musaffa’s Shariah screening methodology, Raama Finance Ltd (538540.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.