No. As of October 2026, Sayaji Industries Ltd (540728.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Sayaji Industries Ltd does not pass Musaffa's business and financial screening criteria.
Sayaji Industries Ltd. engages in the manufacture of starches, its derivatives and by-products, spray drying of food products and production and trading of seeds. The company is headquartered in Ahmedabad, Gujarat and currently employs 723 full-time employees. The company went IPO on 2017-10-09. The firm's segments include Agro Processing-Maize, Agri Seeds and Spray Dried Food Products. The firm is engaged in the business of manufacturing starches, modified starches as well as other derivatives like liquid glucose, dextrose monohydrate, dextrose anhydrous, sorbitol and its bye-products like maize oil, maize gluten. The company is engaged in the manufacturing of spray dried food products, such as tomato powder and other vegetable and fruit-based powders, nondairy creamer and other such spray dried products. The firm's products have applications in various industries, such as textile, pharmaceutical, food and beverage, paper and packaging, confectionary, soap and detergent, and seed. Its liquid glucose product is used in food products, such as jams, jellies, chewing gums and canned fruits to prevent spoilage. The firm's subsidiary is Sayaji Seeds LLP.
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Sayaji Industries Ltd 540728.BO
₹105.40 ₹1.40 (1.35%) 1D
Last Updated: Oct 13, 12:00 AM·BSE
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540728.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Sayaji Industries Ltd is classified as not halal.
NOT HALAL
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FAQ's for Sayaji Industries Ltd (540728.BO)
As of October 2026, Sayaji Industries Ltd 540728.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 Sayaji Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Sayaji Industries 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 Sayaji Industries 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 Sayaji Industries 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 Sayaji Industries 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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