No. As of October 2026, S M Gold Ltd (542034.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. S M Gold Ltd does not pass Musaffa's business and financial screening criteria.
S. M. Gold Ltd. engages in the manufacture and sale of mangalsutra jewellery. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2018-10-19. The firm's other business also includes other jewelry, such as rings, chains, earrings, ear chains, nose-rings/nose pins, waist belts, anklets, zuda, toe rings, pendant sets/pendants, bracelets and bangles, wedding jewelry, and festive jewelry, among others. Its jewelry is sold under the brand name of S. M. Gold - the House of Mangalsutra. The firm also offers its customers a variety of traditional, Indo-western and modern jewelry. The company also customizes the jewelry according to the individual needs.
S M Gold Ltd 542034.BO
₹13.22 ₹0.08 (0.60%) 1D
Last Updated: Oct 06, 12:00 AM·BSE
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542034.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, S M Gold Ltd is classified as not halal.
NOT HALAL
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FAQ's for S M Gold Ltd (542034.BO)
As of October 2026, S M Gold Ltd 542034.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 S M Gold Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in S M Gold 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 S M Gold 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 S M Gold 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 S M Gold 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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