Is Gujarat Lease Financing Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Gujarat Lease Financing Ltd (GLFL.NS) is currently classified as NOT HALAL as of July 2024. 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 Gujarat Lease Financing 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 Gujarat Lease Financing Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Gujarat Lease Financing Ltd?

Muslim investors may consider investing in Gujarat Lease Financing 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 Gujarat Lease Financing Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Gujarat Lease Financing 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 Gujarat Lease Financing Ltd updated?

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

Can a halal stock like Gujarat Lease Financing 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 Gujarat Lease Financing Ltd?

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

GLFL.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 18, 2024

Report Source: 2024 Annual Report

Gujarat Lease Financing Ltd. Stock Analysis GLFL.NS

India N/A Nano Cap Report: 2024 Annual

Gujarat Lease Financing Ltd. operates as a non-banking finance company. The company is headquartered in Ahmedabad, Gujarat. The firm has no business segment and has not generated any revenue.

Key Statistics of Gujarat Lease Financing Ltd (GLFL.NS)

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

Today's Range

₹6.98₹7.00

Today's Open

₹7.00

Volume

208.00

P/E Ratio (TTM)

333.29

52 Week Range

₹3.66₹9.34

Market Cap

205.07M

Avg. Volume

4143.55

Dividend Yield

Financial Metrics & Statements of Gujarat Lease Financing Ltd (GLFL.NS)

FAQ's for Gujarat Lease Financing Ltd (GLFL.NS)

According to Musaffa’s Shariah screening methodology, Gujarat Lease Financing Ltd (GLFL.NS) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.