No. As of September 2026, Nexus Select Trust (NXST.NS) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Nexus Select Trust does not fully pass Musaffa's business and financial screening criteria.
Nexus Select Trust is a real estate investment trust that owns the consumption centre platform of assets. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2023-05-19. The firm's portfolio comprises approximately 18 Grade-A urban consumption centers with a gross leasable area of 10.4 million square feet spread across 14 cities in India, two complementary hotel assets (354 keys) and three office assets with a gross leasable area of 1.3 million square feet. Its consumption centers have a tenant base of over 1,000 domestic and international brands spanning across approximately 3,000 stores. Its operating segments include Urban consumption center (Mall), Office, Hospitality, and Others. The Others segment comprises the sale of office units, and generation of renewable energy. Its portfolio includes Nexus Select Citywalk, Nexus Elante Complex, Nexus Seawoods, Nexus Ahmedabad One, Nexus Hyderabad, Nexus Vijaya Complex, Nexus Esplanade, Nexus Westend, Nexus Koramangala, Nexus Amritsar, Nexus Shantiniketan, Nexus Celebration, Nexus Whitefield, Fiza by Nexus, and others.
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Nexus Select Trust NXST.NS
₹165.89 ₹2.11 (1.26%) 1D
Last Updated: Sep 04, 12:00 AM·NSE
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NXST.NS Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Nexus Select Trust is classified as doubtful.
DOUBTFUL
Report Source: undefined Quarter Report
Nexus Select Trust (NXST.NS) Chart
Financial Metrics & Statements of Nexus Select Trust (NXST.NS)
FAQ's for Nexus Select Trust (NXST.NS)
As of September 2026, Nexus Select Trust NXST.NS is classified as doubtful 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 Nexus Select Trust using these criteria to determine its compliance status.
Muslim investors may consider investing in Nexus Select Trust 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 Nexus Select Trust 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 Nexus Select Trust 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 Nexus Select Trust on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.