Yes. As of October 2026, Modi's Navnirman Ltd (543539.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Modi's Navnirman Ltd passes Musaffa's business and financial screening criteria.
Modi's Navnirman Ltd. is engaged in the business of real estate development of residential and commercial projects in India. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2022-07-06. The firm is engaged in the activities of real estate development. The company is principally engaged in providing construction services. The firm develops residential and commercial projects. The company has a substantial portfolio of projects spanning the suburbs of Borivali, Kandivali, Malad and Goregaon, across all price points, from affordable to super premium. Its completed projects include Badshah Residency, Rashmi Kunj, Mrunali, Rashmi Sadhna, Rashmi Sheela, Rashmi Chaya, Rashmi Tara, Rashmi Jewel, Rashmi Heights, Rashmi Terrace, Rashi Enclave and Rasmi Kavita. Its ongoing Projects are Rashmi Celestia, Rashmi Square, Rashmi Residency and Rashmi Signature. Its upcoming projects include Rashmi Square, Rashmi Icon, Rashmi Residency and Rashmi Signature. The Rashmi Celestia is a commercial and residential project that covers over 1,25,000 square feet (Sq. Ft.) located in Borivali, Mumbai.
Modi's Navnirman Ltd 543539.BO
₹393.35 ₹17.30 (4.60%) 1D
Last Updated: Oct 09, 12:00 AM·BSE
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543539.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Modi's Navnirman Ltd is classified as halal.
HALAL
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FAQ's for Modi's Navnirman Ltd (543539.BO)
As of October 2026, Modi's Navnirman Ltd 543539.BO is classified as 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 Modi's Navnirman Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Modi's Navnirman 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 Modi's Navnirman 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 Modi's Navnirman 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 Modi's Navnirman 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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