Is Reliance Home Finance Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Reliance Home Finance Ltd (RHFL.NS) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Reliance Home Finance Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Reliance Home Finance Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Reliance Home Finance Ltd?

Muslim investors may consider investing in Reliance Home Finance 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.

Why is Reliance Home Finance Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Reliance Home Finance Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Reliance Home Finance Ltd updated?

The Shariah compliance status of Reliance Home Finance Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Reliance Home Finance Ltd become non-compliant?

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.

Where can I check the Shariah status of Reliance Home Finance Ltd?

You can check the latest Shariah compliance status of Reliance Home Finance Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Reliance Home Finance Ltd RHFL.NS

₹2.24 ₹0.08 (3.45%) 1D

Last Updated: May 15, 12:00 AM·NSE

RHFL.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 19, 2024

Report Source: 2024 Annual Report

Reliance Home Finance Ltd. Stock Analysis RHFL.NS

India Financials Nano Cap Report: 2024 Annual

Reliance Home Finance Ltd. engages in the provision of housing finance business. The firm is principally engaged in the housing finance business in India. The firm provides a range of loans and services, such as affordable housing (AH), housing loan (HL), high value home loan, loan against property (LAP), construction finance (CF), property services and property valuation services. The company also offers Digital Lending Platform (DLP) that caters to new age populations.

Key Statistics of Reliance Home Finance Ltd (RHFL.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹2.22₹2.34

Today's Open

₹2.32

Volume

756.28K

P/E Ratio (TTM)

4.61

52 Week Range

₹1.82₹7.78

Market Cap

925.52M

Avg. Volume

1.30M

Dividend Yield

Financial Metrics & Statements of Reliance Home Finance Ltd (RHFL.NS)

FAQ's for Reliance Home Finance Ltd (RHFL.NS)

According to Musaffa’s Shariah screening methodology, Reliance Home Finance Ltd (RHFL.NS) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.