Is DEV Information Technology Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, DEV Information Technology Ltd (DEVIT.NS) is currently classified as NOT HALAL as of January 2026. 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 DEV Information Technology 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 DEV Information Technology Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of DEV Information Technology Ltd?

Muslim investors may consider investing in DEV Information Technology 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 DEV Information Technology Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of DEV Information Technology 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 DEV Information Technology Ltd updated?

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

Can a halal stock like DEV Information Technology 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 DEV Information Technology Ltd?

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

DEVIT.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 07, 2026

Report Source: 2026 2nd Quarter Report

DEV Information Technology Ltd. Stock Analysis DEVIT.NS

India Information Technology Nano Cap Report: Q2, 2026

Dev Information Technology Ltd. engages in the provision of digital solutions. The company is headquartered in Ahmedabad, Gujarat and currently employs 924 full-time employees. The company went IPO on 2017-04-17. The company operates through the IT & IT Enabled Services segment. Its products include ByteSIGNER and Talligence. ByteSIGNER is a desktop application that allows digital signing of Portable Document Format (PDF) documents in bulk using a digital signature. The company is a solution for organizations with high-speed signing needs and helps them shift to a paperless office. Talligence is an artificial intelligence-powered and machine learning-driven solution for Tally, which packs a suite of functionalities to monitor key business areas. Its services include cloud services, digital transformation, enterprise applications, managed IT services and application development. Its cloud services include cloud application modernization, managed cloud services, among others. Its managed IT services include data center support and managed digital workplace. The company also provides Microsoft Dynamics 365 and Power Platform solutions.

Key Statistics of DEV Information Technology Ltd (DEVIT.NS)

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

Today's Range

₹28.04₹29.39

Today's Open

₹28.39

Volume

19.47K

P/E Ratio (TTM)

10.96

52 Week Range

₹22.25₹50.89

Market Cap

1.80B

Avg. Volume

120.48K

Dividend Yield

0.96%

Financial Metrics & Statements of DEV Information Technology Ltd (DEVIT.NS)

FAQ's for DEV Information Technology Ltd (DEVIT.NS)

According to Musaffa’s Shariah screening methodology, DEV Information Technology Ltd (DEVIT.NS) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.