INID – Indian Railway Finance Corp Ltd
Indian Railway Finance Corp Ltd is not Shariah Compliant because of its involvement in Corporate Financial Services (NEC) and related activities.
Result: Not Compliant
VDAN – Vedanta Ltd
Vedanta Ltd is not Shariah Compliant because it fails the financial ratios.
INGL – Interglobe Aviation Ltd
Interglobe Aviation Ltd is not Shariah Compliant because it fails the financial ratios.
JIOF – Jio Financial Services Ltd
Jio Financial Services Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.
SBIL – SBI Life Insurance Company Ltd
SBI Life Insurance Company Ltd is not Shariah Compliant because of its involvement in Life Insurance and related activities.
HDFL – HDFC Life Insurance Company Ltd
HDFC Life Insurance Company Ltd is not Shariah Compliant because of its involvement in Life Insurance and related activities.
ADNA – Adani Green Energy Ltd
Adani Green Energy Ltd is not Shariah Compliant because it fails the financial ratios.
TISC – Tata Steel Ltd
Tata Steel Ltd is not Shariah Compliant because it fails the financial ratios.
GRAS – Grasim Industries Ltd
Grasim Industries Ltd is not Shariah Compliant because it fails the financial ratios.
KTKM – Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.