Is Mangalore Refinery and Petrochemicals Ltd Stock Halal?
Shariah Compliance Analysis of MRPL.NS Stock
India Energy Mid Cap
No. As of October 2026, Mangalore Refinery and Petrochemicals Ltd (MRPL.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Mangalore Refinery and Petrochemicals Ltd does not pass Musaffa's business and financial screening criteria.
Mangalore Refinery & Petrochemicals Ltd. is an oil refining company, which engages in the petroleum refinery services. The company is headquartered in Mangalore, Karnataka. The firm operates through the Petroleum Products segment. The company offers various direct sales products such as Bitumen, Diesel, Sulfur, Petcoke, ATF (thru' JV), Polypropylene, Xylol (Xylenes), and others. Its refinery has producing capacity of a range of petroleum products like Naphtha, liquified petroleum gas (LPG), Motor Spirit, High-Speed Diesel, Kerosene, Aviation Turbine Fuel, Sulfur, Xylene, Bitumen along with Pet Coke, and Polypropylene. The company operates an Aromatic Complex, a petrochemical unit capable of producing 0.905 MMTPA of Para Xylene and 0.273 MMTPA of Benzene. MRPL has two Captive Jetties in New Mangalore Port Trust (NMPT), Single Point Mooring Facility, While Oil Loading Facility, Rail Wagon Loading Silo for Petcoke, and Truck Loading Silos for Petcoke. The firm is a subsidiary of Oil and Natural Gas Corporation Limited.
Mangalore Refinery and Petrochemicals Ltd MRPL.NS
₹172.43 ₹7.64 (4.64%) 1D
Last Updated: Oct 05, 12:00 AM·NSE
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MRPL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Mangalore Refinery and Petrochemicals Ltd is classified as not halal.
NOT HALAL
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FAQ's for Mangalore Refinery and Petrochemicals Ltd (MRPL.NS)
As of October 2026, Mangalore Refinery and Petrochemicals Ltd MRPL.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 Mangalore Refinery and Petrochemicals Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Mangalore Refinery and Petrochemicals 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 Mangalore Refinery and Petrochemicals 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 Mangalore Refinery and Petrochemicals 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 Mangalore Refinery and Petrochemicals Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Mangalore Refinery and Petrochemicals Ltd (MRPL.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.