Shariah Compliance Analysis of REFRACTORY.NS Stock
India Materials Nano Cap
Yes. As of October 2026, Refractory Shapes Ltd (REFRACTORY.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Refractory Shapes Ltd passes Musaffa's business and financial screening criteria.
Refractory Shapes Ltd. engages in the production of shapes, custom made refractory shapes and ceramic balls of low & medium. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2024-05-14. The firm's product categories include bricks, castables, coating material, high alumina catalyst bed support, and ceramic balls. Its brick products include Kyanex (high alumina dense refractory shapes), Kyanex Super (high alumina dense refractory shapes), Reframul (special mullite refractory shapes), Refra SC (silicon carbide bricks), Xlite Insulating Bricks and Slip Cast Shapes, Mortars. Its castable products include Reframon (low cement castables), Refratab (high purity tabular alumina castable), Refracast (high purity dense castable), Refrachem and Refracrete (medium purity dense castable). Its products find applications in a diverse range of industries, including steel, cement, glass and petrochemicals, among others. The company has a global presence, including Kuwait, Qatar, Saudi Arabia, Bahrain, Australia, Venezuela, United States, Columbia and Belgium.
Refractory Shapes Ltd REFRACTORY.NS
₹30.50 ₹1.60 (4.98%) 1D
Last Updated: Oct 15, 12:00 AM·NSE
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REFRACTORY.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Refractory Shapes Ltd is classified as halal.
HALAL
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FAQ's for Refractory Shapes Ltd (REFRACTORY.NS)
As of October 2026, Refractory Shapes Ltd REFRACTORY.NS is classified as 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 Refractory Shapes Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Refractory Shapes 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 Refractory Shapes 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 Refractory Shapes 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 Refractory Shapes Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Refractory Shapes Ltd (REFRACTORY.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.