Is India Capital Growth Fund Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, India Capital Growth Fund Ltd (IGC.L) is currently classified as NOT COVERED as of April 2022. 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 India Capital Growth Fund 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 India Capital Growth Fund Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of India Capital Growth Fund Ltd?

Muslim investors may consider investing in India Capital Growth Fund 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 India Capital Growth Fund Ltd classified as NOT COVERED?

Musaffa determines the Shariah status of India Capital Growth Fund 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 India Capital Growth Fund Ltd updated?

The Shariah compliance status of India Capital Growth Fund Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like India Capital Growth Fund 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 India Capital Growth Fund Ltd?

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

India Capital Growth Fund Ltd IGC.L

GBX157.59 GBX2.50 (1.61%) 1D

Last Updated: May 15, 12:00 AM·LSE

India Capital Growth Fund Ltd. Stock Analysis IGC.L

United Kingdom N/A Micro Cap

India Capital Growth Fund Ltd is a GG-based company operating in industry. The company employs 0 full-time employees The company went IPO on 2005-12-22. India Capital Growth Fund Limited is a closed-ended investment company. The Company’s investment objective is to provide long-term capital appreciation by investing in companies based in India. The investment policy permits the Company to make investments in a range of Indian equity and equity-linked securities and predominantly in listed mid and small cap Indian companies with a smaller proportion in unlisted Indian companies. The investment may also be made in cap listed Indian companies and in companies incorporated outside India which have significant operations or markets in India. The firm has the flexibility to invest in bonds, including non-investment grade bonds, convertibles and other types of securities. The firm's investment manager is Ocean Dial Asset Management Limited.

Key Statistics of India Capital Growth Fund Ltd (IGC.L)

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

Today's Range

GBX153.50GBX157.59

Today's Open

GBX155.09

Volume

22.81K

P/E Ratio (TTM)

52 Week Range

GBX135.00GBX188.50

Market Cap

9.95B

Avg. Volume

12.95K

Dividend Yield

Financial Metrics & Statements of India Capital Growth Fund Ltd (IGC.L)

FAQ's for India Capital Growth Fund Ltd (IGC.L)

According to Musaffa’s Shariah screening methodology, India Capital Growth Fund Ltd (IGC.L) is currently classified as NOT COVERED as of April 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.