Is Secur Credentials Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Secur Credentials Ltd (SECURCRED.NS) is currently classified as NOT HALAL as of April 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 Secur Credentials 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 Secur Credentials Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Secur Credentials Ltd?

Muslim investors may consider investing in Secur Credentials 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 Secur Credentials Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Secur Credentials 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 Secur Credentials Ltd updated?

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

Can a halal stock like Secur Credentials 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 Secur Credentials Ltd?

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

SECURCRED.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 06, 2024

Report Source: 2024 3rd Quarter Report

Secur Credentials Ltd. Stock Analysis SECURCRED.NS

India Industrials Nano Cap Report: Q3, 2024

SecUR Credentials Ltd. engages in the provision of background screening services and human resource solutions. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-11-13. Its services include background screening, loan verification, and information technology (IT) services. Its background screening services include education check, employment check, criminal check, identity check, database & media check, residential check, reference check, credit check, and psychometric test check. Loan verification is carried out to verify the authenticity and accuracy of various documents provided by the loan applicant to the bank / non-bank financial company from whom he is applying for a loan. Its DevOps consulting services work with clients, to understand their needs in depth, and its inhouse technology teams then design and document user requirements. The company also offers EDUCRED, a service of e-verification and e-attestation of education documents on behalf of the University to various applicants and requestors.

Key Statistics of Secur Credentials Ltd (SECURCRED.NS)

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

Today's Range

₹1.52₹1.69

Today's Open

₹1.55

Volume

226.63K

P/E Ratio (TTM)

0.82

52 Week Range

₹1.52₹3.55

Market Cap

64.06M

Avg. Volume

181.97K

Dividend Yield

Financial Metrics & Statements of Secur Credentials Ltd (SECURCRED.NS)

FAQ's for Secur Credentials Ltd (SECURCRED.NS)

According to Musaffa’s Shariah screening methodology, Secur Credentials Ltd (SECURCRED.NS) is currently classified as NOT HALAL as of April 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.