Is Shubhlaxmi Jewel Art Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Shubhlaxmi Jewel Art Ltd (SHUBHLAXMI.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 Shubhlaxmi Jewel Art 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 Shubhlaxmi Jewel Art Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Shubhlaxmi Jewel Art Ltd?

Muslim investors may consider investing in Shubhlaxmi Jewel Art 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 Shubhlaxmi Jewel Art Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Shubhlaxmi Jewel Art 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 Shubhlaxmi Jewel Art Ltd updated?

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

Can a halal stock like Shubhlaxmi Jewel Art 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 Shubhlaxmi Jewel Art Ltd?

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

Shubhlaxmi Jewel Art Ltd SHUBHLAXMI.NS

₹20.15 ₹0.20 (0.98%) 1D

Last Updated: May 15, 12:00 AM·NSE

SHUBHLAXMI.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 14, 2024

Report Source: 2024 Annual Report

Shubhlaxmi Jewel Art Ltd. Stock Analysis SHUBHLAXMI.NS

India Consumer Discretionary Nano Cap Report: 2024 Annual

Shubhlaxmi Jewel Art Ltd. engages in retail, wholesale, and third-party manufacturing business of various jewelries and ornaments. The company is headquartered in Bhavnagar, Gujarat. The company went IPO on 2018-12-04. The firm is engaged in dealing in gold, silver, and other precious metals. The firm offers gold jewelry, diamond jewelry, silver jewelry and others. The Company’s gold jewelry offering includes bangles, bracelets, chains, pendants, rings, and sets. The Company’s diamond jewelry offering includes bangles and rings. The firm also offers platinum rings, crystal earrings, crystal rings, pearl bracelets, pearl necklaces and pearl pendants.

Key Statistics of Shubhlaxmi Jewel Art Ltd (SHUBHLAXMI.NS)

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

Today's Range

₹20.15₹21.25

Today's Open

₹20.35

Volume

16.00K

P/E Ratio (TTM)

52 Week Range

₹13.35₹40.00

Market Cap

250.25M

Avg. Volume

8050.00

Dividend Yield

Financial Metrics & Statements of Shubhlaxmi Jewel Art Ltd (SHUBHLAXMI.NS)

FAQ's for Shubhlaxmi Jewel Art Ltd (SHUBHLAXMI.NS)

According to Musaffa’s Shariah screening methodology, Shubhlaxmi Jewel Art Ltd (SHUBHLAXMI.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.