Is Econo Trade (India) Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Econo Trade (India) Ltd (538708.BO) is currently classified as NOT HALAL as of November 2022. 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 Econo Trade (India) 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 Econo Trade (India) Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Econo Trade (India) Ltd?

Muslim investors may consider investing in Econo Trade (India) 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 Econo Trade (India) Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Econo Trade (India) 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 Econo Trade (India) Ltd updated?

The Shariah compliance status of Econo Trade (India) Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Econo Trade (India) 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 Econo Trade (India) Ltd?

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

Econo Trade (India) Ltd 538708.BO

₹7.87 ₹0.46 (6.21%) 1D

Last Updated: May 15, 12:00 AM·BSE

538708.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 11, 2022

Report Source: 2022 1st Quarter Report

Econo Trade (India) Ltd. Stock Analysis 538708.BO

India Financials Nano Cap Report: Q1, 2022

Econo Trade India Ltd. engages in the provision of non-banking financial services. The company is headquartered in Kolkata, West Bengal and currently employs 5 full-time employees. The company went IPO on 2014-10-16. The firm is engaged in the business of making investments in shares and securities. The firm has a single operating segment, namely Investments in Shares and Securities.

Key Statistics of Econo Trade (India) Ltd (538708.BO)

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

Today's Range

₹7.41₹7.98

Today's Open

₹7.41

Volume

769.00

P/E Ratio (TTM)

6.24

52 Week Range

₹5.99₹10.99

Market Cap

134.63M

Avg. Volume

5738.32

Dividend Yield

Financial Metrics & Statements of Econo Trade (India) Ltd (538708.BO)

FAQ's for Econo Trade (India) Ltd (538708.BO)

According to Musaffa’s Shariah screening methodology, Econo Trade (India) Ltd (538708.BO) is currently classified as NOT HALAL as of November 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.