FINOPB.NS Shariah Compliance
Screening Methodology: AAOIFI
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Fino Payments Bank Ltd. Stock Analysis FINOPB.NS
Fino Payments Bank Ltd. operates as a fintech company. The company is headquartered in Navi Mumbai, Maharashtra and currently employs 2,682 full-time employees. The company went IPO on 2021-11-12. The business of the Bank has been segregated into four segments: Treasury, Corporate Banking, Retail Banking, and Other Banking Operations. FPBL offers products such as Savings Account and Current Account, Cash Management Services, Micro Automated Teller Machine (ATM) / Aadhaar-enabled payment system, Referral loans with partners, Remittance, Open Banking Platform, Digital Savings Account, Mobile banking (FinoPay mobile application), Fixed Deposit services with a partner bank, and Life, Health, Motor, and Shopkeeper insurance with partners. The company is also engaged in providing various types of financial services to the rural, poor, and underserved and unserved classes. The Bank has approximately 724,671 banking outlets, 54 bank branches, and 130 customer service points.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.