No. As of September 2026, Shiva Granito Export Ltd (540072.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Shiva Granito Export Ltd does not pass Musaffa's business and financial screening criteria.
Shiva Granito Export Ltd. engages in the export of marble and granite. The company is headquartered in Udaipur, Rajasthan. The company went IPO on 2016-09-06. The firm is engaged in manufacturing of engineered quartz stone slabs, different grades of resins, quartz powder and statues. The company is an exporter of various kinds of marble and granite to various parts of the world. Its products include mineral powder, artificial quartz slabs, chemicals, counter tops, marble, granite, and porcelain slabs. The company offers a range of quartz powders, which are used for various applications in foundry, construction, abrasive blasting, railroad, and water purifiers. Its artificial quartz slabs are available in galaxy series, fine series, multicolor, and premium. The company also offers a chemical, Respol in three variants, namely, R-100, R-200, and R-500. Respol is an unsaturated resin formed by the reaction of dibasic organic acids and polyhydric alcohols. The company provides countertops in various series, such as CQ series, D series, G series, M series, P series, S series, T series, and Y series.
Shiva Granito Export Ltd 540072.BO
₹9.21
Last Updated: Sep 09, 12:00 AM·BSE
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540072.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Shiva Granito Export Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Shiva Granito Export Ltd (540072.BO)
FAQ's for Shiva Granito Export Ltd (540072.BO)
As of September 2026, Shiva Granito Export Ltd 540072.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 Shiva Granito Export Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Shiva Granito Export 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 Shiva Granito Export 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 Shiva Granito Export 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 Shiva Granito Export 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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