Is Vedant Asset Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Vedant Asset Ltd (543623.BO) is currently classified as NOT HALAL as of April 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 Vedant Asset 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 Vedant Asset Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Vedant Asset Ltd?

Muslim investors may consider investing in Vedant Asset 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 Vedant Asset Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Vedant Asset 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 Vedant Asset Ltd updated?

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

Can a halal stock like Vedant Asset 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 Vedant Asset Ltd?

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

Vedant Asset Ltd 543623.BO

₹45.62 ₹0.01 (0.02%) 1D

Last Updated: May 15, 12:00 AM·BSE

543623.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 08, 2024

Report Source: 2024 2nd Quarter Report

Vedant Asset Ltd. Stock Analysis 543623.BO

India Financials Nano Cap Report: Q2, 2024

Vedant Asset Ltd. is a financial and investment company, which engages in the provision of mutual funds, investments, insurance, loans, and payments. The company is headquartered in Ranchi, Jharkhand. The company went IPO on 2022-10-12. The firm is engaged in the business of providing banking correspondence services in association with various banks and managing funds of investors with various mutual fund houses. Its products include mutual funds, insurance, Ticketing, Kartik Credit, and Business Correspondents. Its mutual fund products include Top Equity Funds, Top Hybrid Funds, Top Debt Funds, Categories Wise Return, Compare Funds, Top ELSS Funds, Retirement Planning, and Invest for Children's. Its insurance products include bike insurance, car insurance, health insurance, Property Insurance, Term Life Insurance, and life insurance. Its Vedant Pay is a business-to-business (B2B) digital payment, which offers merchants/traders/small businesses of middle-low/income Indians a digital mini-bank by offering services, such as domestic money transfer (DMT), micro - Automated Teller Machine (ATM), insurance, loans, recharge, and bill payments.

Key Statistics of Vedant Asset Ltd (543623.BO)

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

Today's Range

₹45.62₹45.63

Today's Open

₹45.63

Volume

3000.00

P/E Ratio (TTM)

63.12

52 Week Range

₹33.00₹57.12

Market Cap

95.15M

Avg. Volume

9800.00

Dividend Yield

Financial Metrics & Statements of Vedant Asset Ltd (543623.BO)

FAQ's for Vedant Asset Ltd (543623.BO)

According to Musaffa’s Shariah screening methodology, Vedant Asset Ltd (543623.BO) is currently classified as NOT HALAL as of April 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.