Is Afloat Enterprises Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Afloat Enterprises Ltd (543377.BO) is currently classified as NOT HALAL as of February 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Afloat Enterprises Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Afloat Enterprises Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Afloat Enterprises Ltd?

Muslim investors may consider investing in Afloat Enterprises 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.

Why is Afloat Enterprises Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Afloat Enterprises Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Afloat Enterprises Ltd updated?

The Shariah compliance status of Afloat Enterprises Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Afloat Enterprises Ltd become non-compliant?

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.

Where can I check the Shariah status of Afloat Enterprises Ltd?

You can check the latest Shariah compliance status of Afloat Enterprises Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Afloat Enterprises Ltd 543377.BO

₹11.30 ₹0.10 (0.88%) 1D

Last Updated: Apr 24, 12:00 AM·BSE

543377.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 10, 2024

Report Source: 2024 2nd Quarter Report

Afloat Enterprises Ltd. Stock Analysis 543377.BO

India Industrials Nano Cap Report: Q2, 2024

AFLOAT Enterprises Ltd. engages in the provision of business of trading in metals. The company is headquartered in New Delhi, Delhi and currently employs 6 full-time employees. The company went IPO on 2021-10-13. The firm carries on the business of selling, buying, trading, importing, and exporting wheat, rice, paddy, corn, oil, and all other commodities in India and abroad. The company is also involved in manufacturing, producing, procuring, buying, selling, converting and in any other way dealing in iron and steel, also dealing in carbon(diamond), non-ferrous material (gold) & scraps, such as mild steel product, carbon steel, and stainless.

Key Statistics of Afloat Enterprises Ltd (543377.BO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹11.30₹11.40

Today's Open

₹11.40

Volume

20.00K

P/E Ratio (TTM)

51.91

52 Week Range

₹9.60₹16.53

Market Cap

150.93M

Avg. Volume

15.00K

Dividend Yield

Financial Metrics & Statements of Afloat Enterprises Ltd (543377.BO)

FAQ's for Afloat Enterprises Ltd (543377.BO)

According to Musaffa’s Shariah screening methodology, Afloat Enterprises Ltd (543377.BO) is currently classified as NOT HALAL as of February 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.