Is Ontic Finserve Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ontic Finserve Ltd (540386.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 Ontic Finserve 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 Ontic Finserve Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ontic Finserve Ltd?

Muslim investors may consider investing in Ontic Finserve 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 Ontic Finserve Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ontic Finserve 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 Ontic Finserve Ltd updated?

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

Can a halal stock like Ontic Finserve 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 Ontic Finserve Ltd?

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

Ontic Finserve Ltd 540386.BO

₹1.22 ₹0.01 (0.83%) 1D

Last Updated: May 15, 12:00 AM·BSE

540386.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 09, 2022

Report Source: 2022 1st Quarter Report

Ontic Finserve Ltd. Stock Analysis 540386.BO

India N/A Nano Cap Report: Q1, 2022

Ontic Finserve Ltd. engages in the business of financial consultancy to the corporate world. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-03-24. The firm is focused on financial planning through mutual funds. The company caters to a diversified range of customers with different income groups and also customizes each portfolio to match individual needs and circumstances.

Key Statistics of Ontic Finserve Ltd (540386.BO)

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

Today's Range

₹1.21₹1.24

Today's Open

₹1.21

Volume

501.00K

P/E Ratio (TTM)

8.73

52 Week Range

₹0.61₹3.03

Market Cap

119.89M

Avg. Volume

179.49K

Dividend Yield

Financial Metrics & Statements of Ontic Finserve Ltd (540386.BO)

FAQ's for Ontic Finserve Ltd (540386.BO)

According to Musaffa’s Shariah screening methodology, Ontic Finserve Ltd (540386.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.