Is Adani Green Energy Ltd. (ADANIGREEN) Halal?

Adani Green Energy Ltd. (ADANIGREEN) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 70.4% exceeds limit 33.33%.

What is the dividend purification rate for ADANIGREEN?

The non-permissible dividend purification factor for Adani Green Energy Ltd. is 4.64%.

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ADANIGREEN

NSEPowerCap: ₹2.14L Cr

Adani Green Energy Ltd.

+26.59%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 70.4% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹2.14L Cr

P/E Ratio

118.1x

P/B Ratio

10.4x

52W High

₹1,631.5

52W Low

₹765

Div. Yield

0.00%

Shares O/S

164.72 Cr

Where Does the Money Come From?

Revenue breakdown for Adani Green Energy Ltd.

Core Power OperationsPermissible Operating Activity

Permissible: Core operations in Power.

95.4%of Total Revenue

Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)

Non-operating interest income earned from cash and fixed deposits. Requires purification.

4.6%of Total Revenue

About Adani Green Energy Ltd.

Permissible: Core operations in Power.

Interest-Bearing Debt Ratio

70.4%Max: ≤ 33.0%

Cash & Securities Liquidity

2.83%Max: ≤ 33.0%

Impure Revenue Ratio

4.64%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Power

Can't invest in ADANIGREEN? Consider these instead

MSCI Verified

JPPOWER

Jaiprakash Power Ventures Ltd.

HalalPurification: 3.27%

Purification & Zakat Calculator

Calculate how much to donate for ADANIGREEN

⚠️ Note: ADANIGREEN is not Halal. The right step is to sell this stock, not just purify the dividends. Keeping a non-compliant investment is not resolved by Sadaqah.