HIAE – Hindustan Aeronautics Ltd
Hindustan Aeronautics Ltd is not Shariah Compliant because of its involvement in Aerospace & Defense (NEC) and related activities.
Result: Not Compliant
AXBK – Axis Bank Ltd
Axis Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
BJFS – Bajaj Finserv Ltd
Bajaj Finserv Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.
PGRD – Power Grid Corporation of India Ltd
Power Grid Corporation of India Ltd is not Shariah Compliant because it fails the financial ratios.
BAJE – Bharat Electronics Ltd
Bharat Electronics Ltd is not Shariah Compliant because of its involvement in Aerospace & Defense (NEC) and related activities.
ADEL – Adani Enterprises Ltd
Adani Enterprises Ltd is not Shariah Compliant because it fails the financial ratios.
JSTL – JSW Steel Ltd
JSW Steel Ltd is not Shariah Compliant because it fails the financial ratios.
NTPC – NTPC Ltd
NTPC Ltd is not Shariah Compliant because it fails the financial ratios.
PACF – Pacific Andes Resources Development Ltd
Pacific Andes Resources Development Ltd is not Shariah Compliant because it fails the financial ratios.
MAHM – Mahindra and Mahindra Ltd
Mahindra and Mahindra Ltd is not Shariah Compliant because it fails the financial ratios.