No. As of October 2026, Banka BioLoo Ltd (BANKA.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Banka BioLoo Ltd does not pass Musaffa's business and financial screening criteria.
Banka BioLoo Ltd. engages in the business of manufacturing, supplying, and installation of Bio toilets and operation and maintenance of Bio toilets and Controlled discharge toilet system to Indian railways. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2018-02-27. The firm is engaged in the business of manufacturing, supplying and installation of Bio toilets, setting up Fecal Sludge Treatment Plants (FSTPs), wastewater treatment plants, Effluent treatment plants and their operation and maintenance. The firm's products include Bio-Digester, Bio-Toilets, FootLoo, Urban Sewage Treatment Plants, Urban SaaS by Megaliter, and Johkasou. The firm serves various clients including multinational corporations, small and medium-sized enterprises (SMEs), and non-profit organizations. The firm provides wastewater treatment to schools, hotels and hospitals, residential complexes, businesses and retail centers. The Company’s subsidiary is Enzotech Solutions Private Limited.
Banka BioLoo Ltd BANKA.NS
₹69.50 ₹0.34 (0.49%) 1D
Last Updated: Oct 06, 12:00 AM·NSE
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BANKA.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Banka BioLoo Ltd is classified as not halal.
NOT HALAL
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FAQ's for Banka BioLoo Ltd (BANKA.NS)
As of October 2026, Banka BioLoo Ltd BANKA.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 Banka BioLoo Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Banka BioLoo 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 Banka BioLoo 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 Banka BioLoo 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 Banka BioLoo 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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