Octaware Technologies Ltd 540416.BO
₹59.37
Last Updated: Sep 03, 12:00 AM·BSE
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Is Octaware Technologies Ltd Stock Halal?
Shariah Compliance Analysis of 540416.BO Stock
India Information Technology Nano Cap Yes. As of October 2026, Octaware Technologies Ltd (540416.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Octaware Technologies Ltd passes Musaffa's business and financial screening criteria.
Octaware Technologies Ltd. is an information technology (IT) company, which designs, develops and maintains software systems and solutions. The company is headquartered in Mumbai, Maharashtra and currently employs 50 full-time employees. The company went IPO on 2017-04-03. The firm is engaged in the business of providing a range of information technology (IT) solutions to companies across industries such as healthcare, education, government, consumer goods, retail, oil and gas, real estate and construction, banking and financial services and manufacturing sectors. The firm designs, develops and maintains software systems and solutions, such as business applications, low code/ no code, mobility, e-commerce, cloud infrastructure and security, quality assurance, analytics, product engineering, accessibility, robotic process automation (RPA) and artificial intelligence (AI), Internet of Things (IoT) and machine learning and creates new applications and enhances the functionality of the customers’ existing software products.
540416.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Octaware Technologies Ltd is classified as halal.
HALALOctaware Technologies Ltd (540416.BO) Chart
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Financial Metrics & Statements of Octaware Technologies Ltd (540416.BO)
FAQ's for Octaware Technologies Ltd (540416.BO)
- As of October 2026, Octaware Technologies Ltd 540416.BO is classified as 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 Octaware Technologies Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Octaware Technologies 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 Octaware Technologies 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 Octaware Technologies 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 Octaware Technologies Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Octaware Technologies Ltd (540416.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
