Shiv Aum Steels Ltd SHIVAUM.NS
₹555.00 ₹3.50 (0.63%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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Is Shiv Aum Steels Ltd Stock Halal?
Shariah Compliance Analysis of SHIVAUM.NS Stock
India Industrials Micro Cap Yes. As of October 2026, Shiv Aum Steels Ltd (SHIVAUM.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Shiv Aum Steels Ltd passes Musaffa's business and financial screening criteria.
Shiv Aum Steels Ltd. engages in the business of iron and steel products. The company is headquartered in Mumbai, Maharashtra and currently employs 32 full-time employees. The company went IPO on 2019-10-01. The firm is primarily engaged in dealing in structural steel and expanding into plates and coils. The company offers trading in various mild steel products, such as beams, angles, plates, channels and thermo-mechanically treated (TMT) bars. Its products are made from 100% virgin steel, maintaining stringent tolerances both in chemistry and physical properties. The firm deals in products manufactured by steel players, such as Jindal Steel and Power Limited (JSPL), Steel Authority of India Ltd. (SAIL), Rashtriya Ispat Nigam Ltd. (RINL) and Monnet Ispat. The firm's primary godown is in Taloja. The firm has approximately five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
SHIVAUM.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Shiv Aum Steels Ltd is classified as halal.
HALALShiv Aum Steels Ltd (SHIVAUM.NS) Chart
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Financial Metrics & Statements of Shiv Aum Steels Ltd (SHIVAUM.NS)
FAQ's for Shiv Aum Steels Ltd (SHIVAUM.NS)
- As of October 2026, Shiv Aum Steels Ltd SHIVAUM.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 Shiv Aum Steels Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Shiv Aum Steels 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 Shiv Aum Steels 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 Shiv Aum Steels 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 Shiv Aum Steels 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 Shiv Aum Steels Ltd (SHIVAUM.NS)
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