No. As of October 2026, Madhav Infra Projects Ltd (539894.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Madhav Infra Projects Ltd does not pass Musaffa's business and financial screening criteria.
Madhav Infra Projects Ltd. engages in the development, construction, operation, and maintenance of infrastructure projects. The firm is engaged in the development, construction, as well as operation and maintenance of infrastructure projects. The firm also engaged in the business of power generation business, including solar and hydro. The firm undertakes infrastructure development projects directly or indirectly through Special Purpose Vehicle. The Company’s subsidiaries are involved in the business of developing the infrastructure and renewables at pan India. The firm is also building, developing, and maintaining highways, bridges and roads. The Company, through its subsidiary, MI Solar (I) Private Limited, is engaged in the business of renewable energy through solar generation, trading and transmitting. Its subsidiaries also include Madhav (Aaron Sindh Road) Private Limited, Badi Baktara Toll Private Limited, and MI Solar (India) Private Limited.
Madhav Infra Projects Ltd 539894.BO
₹7.44 ₹0.02 (0.27%) 1D
Last Updated: Oct 06, 12:00 AM·BSE
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539894.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Madhav Infra Projects Ltd is classified as not halal.
NOT HALAL
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FAQ's for Madhav Infra Projects Ltd (539894.BO)
As of October 2026, Madhav Infra Projects Ltd 539894.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 Madhav Infra Projects Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Madhav Infra Projects 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 Madhav Infra Projects 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 Madhav Infra Projects 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 Madhav Infra Projects 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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