Is Scarnose International Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Scarnose International Ltd (543537.BO) is currently classified as HALAL as of July 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 Scarnose International 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 Scarnose International Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Scarnose International Ltd?

Muslim investors may consider investing in Scarnose International 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 Scarnose International Ltd classified as HALAL?

Musaffa determines the Shariah status of Scarnose International 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 Scarnose International Ltd updated?

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

Can a halal stock like Scarnose International 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 Scarnose International Ltd?

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

Scarnose International Ltd 543537.BO

₹76.00

Last Updated: Feb 10, 12:00 AM·BSE

543537.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 16, 2024

Report Source: 2024 Annual Report

Scarnose International Ltd. Stock Analysis 543537.BO

India Industrials Nano Cap Report: 2024 Annual

Scarnose International Ltd. engages in the manufacture and trading of textile products. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2022-06-27. The firm's range of soft and durable cotton products includes cotton bales, yarn, fabrics, clothes, and beddings. Its services include trading in cotton, trading in yarn, trading in fabric, and manufacturing of readymade garments. The firm procures cotton bales from different ginners where-by they provide its cotton in the form of bales. Its yarns are sold to handloom weavers, and cone yarn is sold to power loom operators, to use in the production of fabrics. The company operates a network of printing, weaving and stitching units under its own setup.

Key Statistics of Scarnose International Ltd (543537.BO)

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

Today's Range

₹76.00₹76.00

Today's Open

₹76.00

Volume

1000.00

P/E Ratio (TTM)

125.70

52 Week Range

₹44.00₹90.70

Market Cap

239.78M

Avg. Volume

1000.00

Dividend Yield

Financial Metrics & Statements of Scarnose International Ltd (543537.BO)

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FAQ's for Scarnose International Ltd (543537.BO)

According to Musaffa’s Shariah screening methodology, Scarnose International Ltd (543537.BO) is currently classified as HALAL as of July 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.