No. As of October 2026, IFB Agro Industries Ltd (IFBAGRO.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. IFB Agro Industries Ltd does not pass Musaffa's business and financial screening criteria.
IFB Agro Industries Ltd. engages in the provision of business of manufacturing alcohol, bottling of branded alcoholic beverages, as well as processed and packed marine foods both for domestic and export markets. The firm's segments include Spirit, spirituous beverages and allied products, and Marine Products. The Spirit, spirituous beverages and allied products segment is engaged in the manufacturing of extra-neutral alcohol (ENA), and Indian-made Indian liquor. The divisions under Spirit, spirituous beverages and allied products are Distillery and India Made Indian Liquor. The Marine segment is involved in marine product processing, for sale in export and domestic markets and marine feed trading. The company operates a grain-based distillery in West Bengal at Noorpur. Its marine product processing plant is in Kolkata, and India Made Indian Liquor bottling plants are located in Panagarh and Dankuni, West Bengal.
IFB Agro Industries Ltd IFBAGRO.NS
₹866.95 ₹3.05 (0.35%) 1D
Last Updated: Oct 08, 12:00 AM·NSE
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IFBAGRO.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, IFB Agro Industries Ltd is classified as not halal.
NOT HALAL
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FAQ's for IFB Agro Industries Ltd (IFBAGRO.NS)
As of October 2026, IFB Agro Industries Ltd IFBAGRO.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 IFB Agro Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in IFB Agro Industries 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 IFB Agro Industries 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 IFB Agro Industries 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 IFB Agro Industries 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 IFB Agro Industries Ltd (IFBAGRO.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.