No. As of October 2026, RO Jewels Ltd (543171.BO) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. RO Jewels Ltd does not fully pass Musaffa's business and financial screening criteria.
RO Jewels Ltd. engages in gems and jewellery business. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2020-03-25. The firm sells gold-based chains, bracelets, gold/silver bars and necklaces. The company procures gold and silver majorly through the bullion market and partially from the local markets in Ahmedabad. The company purchases only readymade chains and other jewelry from the jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad and by its marketing and sales team directly to other jewelry stores. Its jewelry is widely sold throughout Gujarat only through business-to-business marketing and/ or direct/outbound marketing strategy. Its chains include Machine Chains, Fancy Pipe Chains, Hand Made Chains, Nawabi Chains, Lotus Chains, Indo Italian Chains, Hollow Chains, Singapore Chains, Bahubali Chains, and CZ Chains. Its bracelets include Nawabi Bracelets, and Lotus Bracelets.
RO Jewels Ltd 543171.BO
₹1.36 ₹0.04 (2.86%) 1D
Last Updated: Oct 09, 12:00 AM·BSE
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543171.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, RO Jewels Ltd is classified as doubtful.
DOUBTFUL
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FAQ's for RO Jewels Ltd (543171.BO)
As of October 2026, RO Jewels Ltd 543171.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 RO Jewels Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in RO Jewels 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 RO Jewels 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 RO Jewels 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 RO Jewels 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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