Is Trust Fintech Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Trust Fintech Ltd (TRUST.NS) is currently classified as NOT HALAL as of August 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 Trust Fintech 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 Trust Fintech Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Trust Fintech Ltd?

Muslim investors may consider investing in Trust Fintech 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 Trust Fintech Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Trust Fintech 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 Trust Fintech Ltd updated?

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

Can a halal stock like Trust Fintech 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 Trust Fintech Ltd?

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

Trust Fintech Ltd TRUST.NS

₹37.85 ₹0.45 (1.20%) 1D

Last Updated: May 15, 12:00 AM·NSE

TRUST.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 27, 2024

Report Source: 2024 Annual Report

Trust Fintech Ltd. Stock Analysis TRUST.NS

India Information Technology Nano Cap Report: 2024 Annual

Trust Fintech Ltd. is a SaaS product company, which engages in the provision of core banking software, information technology solutions, and ERP implementation. The company is headquartered in Nagpur, Maharashtra and currently employs 290 full-time employees. The company went IPO on 2024-04-04. The firm is involved in providing software solutions and services in the fields of banking, enterprise resource planning (ERP) implementation and customized software solutions development, SAP B1, and offshore information technology (IT) services. Its core banking software includes TrustBankCBS and MicroFinS. TrustBankCBS is a web-based application that is accessible on-premises with the necessary infrastructure. The company is also accessible as Software as a Service (SaaS), which is a bundled solution that includes software and hosting infrastructure on a rental basis. MicroFinS is a cloud-based application that can be hosted on different models, such as Infrastructure as a Service (IaaS) and SaaS. Its TrustLOS is a mobile and web-based online interface to facilitate the acquisition of loan applications.

Key Statistics of Trust Fintech Ltd (TRUST.NS)

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

Today's Range

₹36.20₹40.85

Today's Open

₹37.40

Volume

10.80K

P/E Ratio (TTM)

11.47

52 Week Range

₹27.90₹94.10

Market Cap

930.37M

Avg. Volume

7980.00

Dividend Yield

Financial Metrics & Statements of Trust Fintech Ltd (TRUST.NS)

FAQ's for Trust Fintech Ltd (TRUST.NS)

According to Musaffa’s Shariah screening methodology, Trust Fintech Ltd (TRUST.NS) is currently classified as NOT HALAL as of August 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.