No. As of October 2026, ICICI Securities Ltd (ISEC.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ICICI Securities Ltd does not pass Musaffa's business and financial screening criteria.
ICICI Securities Ltd. provides investment banking, institutional broking, retail broking, and wealth management services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2018-04-04. The firm is engaged in the business of broking (institutional and retail) including allied services of extending margin trade finance and employee stock option plans (ESOP) finance, distribution of financial products, merchant banking and advisory services. The firm's segments include treasury, broking and distribution, and issuer services and advisory. The treasury segment includes treasury and investment activities. The broking and distribution segment includes broking and other related activities, distribution of third-party products, such as mutual fund and life insurance, among others, and sales credit for referred business and interest earned on its funds used in the brokerage business. The issuer services and advisory segment includes financial advisory services, such as equity-debt issue management services, merger and acquisition advice and other related activities.
ICICI Securities Ltd ISEC.NS
₹896.20 ₹12.20 (1.38%) 1D
Last Updated: Mar 21, 12:00 AM·NSE
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ISEC.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, ICICI Securities Ltd is classified as not halal.
NOT HALAL
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FAQ's for ICICI Securities Ltd (ISEC.NS)
As of October 2026, ICICI Securities Ltd ISEC.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 ICICI Securities Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in ICICI Securities 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 ICICI Securities 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 ICICI Securities 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 ICICI Securities Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.