Is Neelam Linens and Garments (India) Ltd Stock Halal?
Shariah Compliance Analysis of NEELAM.NS Stock
India N/A Nano Cap
No. As of October 2026, Neelam Linens and Garments (India) Ltd (NEELAM.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Neelam Linens and Garments (India) Ltd does not pass Musaffa's business and financial screening criteria.
Neelam Linens & Garments (India) Ltd. engages in the manufacture of textile products. The company is headquartered in Mumbai, Maharashtra and currently employs 6 full-time employees. The company went IPO on 2024-11-18. The firm is specialized in the processing, finishing and supplying of bedsheets, pillow cover, duvet cover, towels, rugs, doher, shirts & garments predominantly for discounted retail outlets. Its business includes processing and trading of products and sale of licenses. The sale of license business of the Company can be classified into two parts, such as sale of the import license received from the government as an incentive and trading of the import license available in the market. The firm is engaged in supplying to major discount retail stores and distributors in the United States of America, Australia, and the Far East. Its international clients include stores like Tuesday Morning, TJX, Pem America, Occean State Job Lot, LinCraft Australia, Big Lots, 99 Cents, and U. S. Polo Assign. Its Domestic clients include Vijay Sales, Amazon, Meesho, and Amersons store.
Neelam Linens and Garments (India) Ltd NEELAM.NS
₹6.50
Last Updated: Oct 09, 12:00 AM·NSE
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NEELAM.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Neelam Linens and Garments (India) Ltd is classified as not halal.
NOT HALAL
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FAQ's for Neelam Linens and Garments (India) Ltd (NEELAM.NS)
As of October 2026, Neelam Linens and Garments (India) Ltd NEELAM.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 Neelam Linens and Garments (India) Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Neelam Linens and Garments (India) 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 Neelam Linens and Garments (India) 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 Neelam Linens and Garments (India) 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 Neelam Linens and Garments (India) 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 Neelam Linens and Garments (India) Ltd (NEELAM.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.