No. As of October 2026, Aakash Exploration Services Ltd (AAKASH.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Aakash Exploration Services Ltd does not pass Musaffa's business and financial screening criteria.
Aakash Exploration Services Ltd. provides services for oil and gas exploration. The company is headquartered in Ahmedabad, Gujarat and currently employs 1,297 full-time employees. The company went IPO on 2018-04-27. The firm operates through the manufacture of Refined Petroleum Products segment. The company provides its services to M/S Oil & Natural Gas Corporation Ltd, Ahmedabad, Mehsana and Hazira Projects and also provides similar services to private oil field operators, namely GSPCL, Cairn, Essar, Great Eastern Energy, Indian Oil Corporation (IOC), Niko, Oil India Limited (OIL), Price Petroleum and others. The company is engaged in various projects, including Hindustan Oil Exploration Company Ltd, Oil and Natural Gas Corporation Limited (ONGC), Reliance, Vedanta and Oil India. Its services include oil enhance recovery; well head maintenance; well head greasing; hot oil circulation unit; mold guide on sucker rod; drilling rig; chemical dosing pump; acid pumping unit; sucker rod pumping unit; flush by unit; workover rig; mobile air compressor; mobile pumping unit, and mobile steaming unit.
Aakash Exploration Services Ltd AAKASH.NS
₹8.29 ₹0.03 (0.36%) 1D
Last Updated: Oct 15, 12:00 AM·NSE
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AAKASH.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Aakash Exploration Services Ltd is classified as not halal.
NOT HALAL
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FAQ's for Aakash Exploration Services Ltd (AAKASH.NS)
As of October 2026, Aakash Exploration Services Ltd AAKASH.NS is classified as not 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 Aakash Exploration Services Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Aakash Exploration Services 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 Aakash Exploration Services 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 Aakash Exploration Services 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 Aakash Exploration Services 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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