Is Bank of Maharashtra Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Bank of Maharashtra Ltd (MAHABANK.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 Bank of Maharashtra 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 Bank of Maharashtra Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Bank of Maharashtra Ltd?

Muslim investors may consider investing in Bank of Maharashtra 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 Bank of Maharashtra Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Bank of Maharashtra 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 Bank of Maharashtra Ltd updated?

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

Can a halal stock like Bank of Maharashtra 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 Bank of Maharashtra Ltd?

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

MAHABANK.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 16, 2026

Report Source: 2026 3rd Quarter Report

Bank of Maharashtra Ltd. Stock Analysis MAHABANK.NS

India Financials Mid Cap Report: Q3, 2026

Bank of Maharashtra engages in the provision of banking products and services. The company is headquartered in Pune, Maharashtra and currently employs 15,596 full-time employees. The company went IPO on 2004-02-25. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes investment, balances with banks outside India, interest accrued on investments and related income. The Corporate/Wholesale Banking Segment includes all advances to trusts, partnership firms, companies, and statutory bodies. The Retail Banking Segment includes exposure to the individual person/persons or to a small business. The Other Banking Operations segment includes all other banking transactions. Its products and services include e-payment taxes, credit cards, doorstep banking, and a new pension scheme, among others. The services of the Bank include corporate banking, deposits, loans, digital banking, and government schemes. The subsidiary of the Bank is The Maharashtra Executor & Trustee Co. Pvt. Limited.

Key Statistics of Bank of Maharashtra Ltd (MAHABANK.NS)

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

Today's Range

₹77.77₹78.97

Today's Open

₹78.70

Volume

9.75M

P/E Ratio (TTM)

29.52

52 Week Range

₹49.90₹85.90

Market Cap

609.86B

Avg. Volume

29.47M

Dividend Yield

3.19%

Financial Metrics & Statements of Bank of Maharashtra Ltd (MAHABANK.NS)

FAQ's for Bank of Maharashtra Ltd (MAHABANK.NS)

According to Musaffa’s Shariah screening methodology, Bank of Maharashtra Ltd (MAHABANK.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.