MASFIN.NS Shariah Compliance
Screening Methodology: AAOIFI
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MAS Financial Services Ltd. Stock Analysis MASFIN.NS
MAS Financial Services Ltd. engages in the provision of financial services. The company is headquartered in Ahmedabad, Gujarat and currently employs 1,590 full-time employees. The company went IPO on 2017-10-18. The firm is engaged in providing specialized retail financing services. The firm is engaged in the business of providing micro enterprise loans (MEL), small and medium enterprise loans (SME), two-wheeler loans (TW), commercial vehicle loans (CV), home loans, and others. The firm provides loans for the purchase of new and old houses, construction of houses on owned plots, home improvement loans and loans for purchase and construction of commercial property. Its SME loans include machinery loan, industrial shed loan, working capital loan, and loan against property. The company also provides salaried personal loans for various purposes, like child education, home renovation, furniture purchase, family occasion, medical purpose, and other personal purposes. The company offers housing loans to customers to expand on their homesteads/ renovate part of their abodes and construct an extra floor on their homes.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.