Is Indian Oil Corporation Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Indian Oil Corporation Ltd (IOC.NS) is currently classified as NOT HALAL as of February 2026. 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 Indian Oil Corporation 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 Indian Oil Corporation Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Indian Oil Corporation Ltd?

Muslim investors may consider investing in Indian Oil 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.

Why is Indian Oil Corporation Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Indian Oil Corporation 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 Indian Oil Corporation Ltd updated?

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

Can a halal stock like Indian Oil Corporation 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 Indian Oil Corporation Ltd?

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

IOC.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 11, 2026

Report Source: 2026 3rd Quarter Report

Indian Oil Corporation Ltd. Stock Analysis IOC.NS

India Energy Large Cap Report: Q3, 2026

Indian Oil Corp. Ltd. is a holding company, which engages in refining, pipeline transportation, and marketing of petroleum products. The company is headquartered in New Delhi, Delhi and currently employs 29,941 full-time employees. The firm's segments include Petroleum Products, Petrochemicals, Gas, and Other Business Activities. Its Other Business Activities segment includes oil and gas exploration activities, explosives and cryogenic business, and wind mill and solar power generation. Its business interests span the entire hydrocarbon value-chain, ranging from refining (downstream), pipeline transportation and marketing to exploration and production of petrochemicals, natural gas and alternative energy. Its downstream business includes city gas distribution (CGD), natural gas supply to bulk consumers, and distribution and marketing of LPG and Industrial Fuels. Its green energy portfolio focuses on CBG and sustainable aviation fuel (SAF). The company owns and operates approximately 10 refineries across India. Its subsidiaries include Chennai Petroleum Corporation Limited, IndianOil (Mauritius) Limited, IOC Sweden AB, and IndOil Global B.V., among others.

Key Statistics of Indian Oil Corporation Ltd (IOC.NS)

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

Today's Range

₹134.04₹141.20

Today's Open

₹140.50

Volume

30.35M

P/E Ratio (TTM)

14.77

52 Week Range

₹130.22₹188.96

Market Cap

2.01T

Avg. Volume

13.04M

Dividend Yield

2.06%

Financial Metrics & Statements of Indian Oil Corporation Ltd (IOC.NS)

FAQ's for Indian Oil Corporation Ltd (IOC.NS)

According to Musaffa’s Shariah screening methodology, Indian Oil Corporation Ltd (IOC.NS) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.