No. As of September 2026, Zaggle Prepaid Ocean Services Ltd (ZAGGLE.NS) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Zaggle Prepaid Ocean Services Ltd does not fully pass Musaffa's business and financial screening criteria.
Zaggle Prepaid Ocean Services Limited builds financial products and solutions to manage the business expenses of corporates, small and medium-sized enterprises, and startups through automated workflows. It operates Propel, a corporate software-as-a-service (SaaS) platform for channel rewards and incentives, employee rewards, and recognition; and Save, a SaaS-based platform and a mobile application to offer expense management solution for business spend management facilitating digitized employee reimbursements and tax benefits. The company also provides CEMS, a customer engagement management system that enables merchants to manage their customer experiences, including rewarding merchants through gift card and loyalty benefits; and Zaggle Payroll Card, a prepaid payroll card that enables customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments. In addition, it operates Zoyer, an integrated data driven SaaS based business spend management platform with embedded automated finance capabilities in core invoice to pay workflows. The company was incorporated in 2011 and is based in Mumbai, India.
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Zaggle Prepaid Ocean Services Ltd ZAGGLE.NS
₹180.77 ₹2.73 (1.49%) 1D
Last Updated: Sep 04, 12:00 AM·NSE
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ZAGGLE.NS Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Zaggle Prepaid Ocean Services Ltd is classified as doubtful.
FAQ's for Zaggle Prepaid Ocean Services Ltd (ZAGGLE.NS)
As of September 2026, Zaggle Prepaid Ocean Services Ltd ZAGGLE.NS is classified as doubtful 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 Zaggle Prepaid Ocean Services Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Zaggle Prepaid Ocean Services 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 Zaggle Prepaid Ocean Services 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 Zaggle Prepaid Ocean Services 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 Zaggle Prepaid Ocean Services Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.