No. As of October 2026, N R Agarwal Industries Ltd (NRAIL.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. N R Agarwal Industries Ltd does not pass Musaffa's business and financial screening criteria.
NR Agarwal Industries Ltd. engages in the manufacture of paper and paperboard from recycled waste paper. The company is headquartered in Mumbai, Maharashtra and currently employs 1,432 full-time employees. The firm operates through the Paper and Paper Boards segment. The company manufactures recycled paper-based products addressing four categories: duplex boards, writing and printing papers, copiers, and newsprint. The Company’s duplex board products include Coated Paper Board Gray Back (Chromo), Coated Paper Board White Back (Chromo), Coated Paper Board Gray Back (Diamond) and Coated Paper Board White Back (Diamond). Its writing and printing paper products include NR Excel Specification Sheet (SS), NR Excel, NR Maxima SS, NR Maxima, NR Classic, NR Shine SS and NR Shine. Its Copier products are NR Copier and NR Brilliance Copier. The firm has its manufacturing facilities located in Vapi and Sarigam, Gujarat.
N R Agarwal Industries Ltd NRAIL.NS
₹774.20 ₹15.20 (2.00%) 1D
Last Updated: Oct 14, 12:00 AM·NSE
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NRAIL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, N R Agarwal Industries Ltd is classified as not halal.
NOT HALAL
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FAQ's for N R Agarwal Industries Ltd (NRAIL.NS)
As of October 2026, N R Agarwal Industries Ltd NRAIL.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 N R Agarwal Industries Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in N R Agarwal Industries 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 N R Agarwal Industries 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 N R Agarwal Industries 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 N R Agarwal Industries Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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