As of September 2026, WAA Solar Ltd is classified as not halal.
NOT HALAL
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WAA Solar Ltd. Stock Analysis 541445.BO
India Utilities Nano Cap
Waa Solar Ltd. engages in solar power generation. The company is headquartered in Vadodara, Gujarat and currently employs 21 full-time employees. The company went IPO on 2018-06-12. The firm sets up solar power projects and invests in special purpose vehicle (SPV) associate and subsidiary companies, which are engaged in solar power generation activities. The firm is also engaged in engineering, procurement and construction (EPC) in solar projects. Its segments include Solar Power Generation, EPC Contract, and Toll Collection. The Company’s projects include 10.25 MW Solar PV Power Project, Surendranagar, Gujarat; 100 KW Solar PV Power Project, Raja Bhoj Airport, Bhopal; 10.42 MW Solar PV Power Project, District: Koppal, Karnataka; 4.00 MW Solar PV Power Project, District: Mansa, Punjab, and 4.00 MW Solar PV Power Project, District: Vadodara, Gujarat. The firm's subsidiaries include Madhav Infracon (Vidisha Kurwai Corridor) Pvt Ltd, Sol Kar Infrastructure Pvt Ltd, Madhav Solar (J) Private Limited, and Aspire Infracon Pvt. Ltd.
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Financial Metrics & Statements of WAA Solar Ltd (541445.BO)
FAQ's for WAA Solar Ltd (541445.BO)
As of September 2026, WAA Solar Ltd 541445.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 WAA Solar Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in WAA Solar 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 WAA Solar 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 WAA Solar 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 WAA Solar Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for WAA Solar Ltd (541445.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.