Is Goenka Business & Finance Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Goenka Business & Finance Ltd (538787.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 Goenka Business & 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 Goenka Business & Finance Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Goenka Business & Finance Ltd?

Muslim investors may consider investing in Goenka Business & 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 Goenka Business & Finance Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Goenka Business & 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 Goenka Business & Finance Ltd updated?

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

Can a halal stock like Goenka Business & 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 Goenka Business & Finance Ltd?

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

Goenka Business & Finance Ltd 538787.BO

₹10.13 ₹0.12 (1.17%) 1D

Last Updated: May 15, 12:00 AM·BSE

538787.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 11, 2022

Report Source: 2022 1st Quarter Report

Goenka Business & Finance Ltd. Stock Analysis 538787.BO

India Financials Nano Cap Report: Q1, 2022

Goenka Business & Finance Ltd. is an investment holding company, which engages in acquiring and holding shares, bonds and securities. The firm is non-deposit-accepting NBFC engaged in financial services. The firm carries on the business of an investment company. The company invests, acquires or holds shares, bonds, securities, and others. Its main business is to acquire and hold and otherwise deal in the moneys from time to time in such a manner as may determine to borrow or raise money with or without security and /or by the issue or sale of any bonds, mortgages, debentures and to devote any money so raised to any of the objects of all kinds upon such terms as may be arranged.

Key Statistics of Goenka Business & Finance Ltd (538787.BO)

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

Today's Range

₹9.51₹10.25

Today's Open

₹10.25

Volume

24.33K

P/E Ratio (TTM)

52 Week Range

₹6.06₹13.25

Market Cap

132.28M

Avg. Volume

12.45K

Dividend Yield

Financial Metrics & Statements of Goenka Business & Finance Ltd (538787.BO)

FAQ's for Goenka Business & Finance Ltd (538787.BO)

According to Musaffa’s Shariah screening methodology, Goenka Business & Finance Ltd (538787.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.