Gujarat Mineral Development Corporation Ltd GMDCLTD.NS
₹462.15 ₹3.35 (0.72%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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Is Gujarat Mineral Development Corporation Ltd Stock Halal?
Shariah Compliance Analysis of GMDCLTD.NS Stock
India Energy Small Cap Yes. As of October 2026, Gujarat Mineral Development Corporation Ltd (GMDCLTD.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Gujarat Mineral Development Corporation Ltd passes Musaffa's business and financial screening criteria.
Gujarat Mineral Development Corp. Ltd. engages in the development of mineral resources. The company is headquartered in Ahmedabad, Gujarat and currently employs 765 full-time employees. Its segments include Mining and Power. Its power products include thermal power, solar power, green footprint and wind power. Its minerals and mines products include lignite, coal, rare earths, blue hydrogen, bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay. They find application across diverse industries, from manufacturing hydrofluoric acid and purifying water to manufacturing glass and ceramic ware, and drilling oil. Its mines Lignite from Tadkeshwar, Rajpardi, Bhavnagar, Panandhro, Mata No Madh and Umarsar. Its 2X125 MW thermal power project at Nani Chher in Lakhpat Taluka, Kutch. Metallic and shimmery, Fluorspar is used as a raw material for manufacturing hydrofluoric acid, refrigerant gases and flux in metallurgical industries. Its Fluorspar Mine is located at Kadipani, Ambadungar. The company is engaged in mining Bauxite at its Gadhsisa group of mines.
GMDCLTD.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Gujarat Mineral Development Corporation Ltd is classified as halal.
HALALGujarat Mineral Development Corporation Ltd (GMDCLTD.NS) Chart
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Financial Metrics & Statements of Gujarat Mineral Development Corporation Ltd (GMDCLTD.NS)
FAQ's for Gujarat Mineral Development Corporation Ltd (GMDCLTD.NS)
- As of October 2026, Gujarat Mineral Development Corporation Ltd GMDCLTD.NS is classified as 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 Gujarat Mineral Development Corporation Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Gujarat Mineral Development Corporation 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 Gujarat Mineral Development Corporation 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 Gujarat Mineral Development Corporation 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 Gujarat Mineral Development Corporation Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Gujarat Mineral Development Corporation Ltd (GMDCLTD.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
