No. As of October 2026, GIC Housing Finance Ltd (GICHSGFIN.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. GIC Housing Finance Ltd does not pass Musaffa's business and financial screening criteria.
GIC Housing Finance Ltd. engages in the provision of housing finance. The Company’s main business is to provide loans for the purchase or construction of residential units. The company grants housing loans to individuals and to persons/entities engaged in the construction of houses/flats for residential purposes. The company offers long-term finance on such terms and conditions as the Company may deem fit, to individuals, co-operative societies, associations of persons, companies or corporations, or such other persons or entities for the purchase of plots, houses, flats, apartments and/or construction, repair, renovation and/or enhancement of houses, flats or apartments for residential purposes. Its products include individual housing loans, composite loans, construction loans, affordable home loans, repair and renovation loans, home extension loans, and loans against property.
GIC Housing Finance Ltd GICHSGFIN.NS
₹131.53 ₹0.47 (0.36%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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GICHSGFIN.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, GIC Housing Finance Ltd is classified as not halal.
NOT HALAL
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FAQ's for GIC Housing Finance Ltd (GICHSGFIN.NS)
As of October 2026, GIC Housing Finance Ltd GICHSGFIN.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 GIC Housing Finance Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in GIC Housing Finance 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 GIC Housing Finance 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 GIC Housing Finance 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 GIC Housing Finance Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for GIC Housing Finance Ltd (GICHSGFIN.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.