No. As of September 2026, Palm Jewels Limited (541444.BO) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Palm Jewels Limited does not fully pass Musaffa's business and financial screening criteria.
Palm Jewels Ltd. engages in the trading of gold and silver bullion and jewellery. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2018-06-12. The firm sells gold-based chains, silver ornaments, bracelets and necklaces. The firm outsources the manufacturing of its jewelry through job workers based in Ahmedabad and Mumbai. The raw material used for making its products is gold and silver. The company procures gold and silver through the bullion market and partially from the local markets in Ahmedabad. Its jewelry is widely sold throughout Gujarat only through business to business (B2B) marketing and/ or direct/outbound marketing strategy. Its products include gold chain, gold lucky, silver payal, silver zuda, and silver baccha items. Its gold lucky products include hollow lucky, cartier lucky, casting lucky, ladies lucky and lotus lucky. Its silver payal products include Jain 6T Payal, Antique Payal, JO 70 Payal, JO 100 Payal and Jain 7T Payal. Its silver baccha item products include kadli and baccha payal.
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Palm Jewels Limited 541444.BO
₹15.39 ₹0.37 (2.46%) 1D
Last Updated: Sep 11, 12:00 AM·BSE
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541444.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Palm Jewels Limited is classified as doubtful.
DOUBTFUL
Report Source: undefined Quarter Report
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Financial Metrics & Statements of Palm Jewels Limited (541444.BO)
FAQ's for Palm Jewels Limited (541444.BO)
As of September 2026, Palm Jewels Limited 541444.BO is classified as doubtful 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 Palm Jewels Limited using these criteria to determine its compliance status.
Muslim investors may consider investing in Palm Jewels Limited 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 Palm Jewels Limited 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 Palm Jewels Limited 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 Palm Jewels Limited 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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