Is Afcons Infrastructure Ltd. (AFCONS) Halal?

Afcons Infrastructure Ltd. (AFCONS) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 42.22% exceeds limit 33.0%.

What is the dividend purification rate for AFCONS?

The non-permissible dividend purification factor for Afcons Infrastructure Ltd. is 0.67%.

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AFCONS

NSEConstructionCap: ₹7577.83 Cr

Afcons Infrastructure Ltd.

-47.2%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Debt Ratio: 42.22% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹7577.83 Cr

P/E Ratio

53.1x

P/B Ratio

1.4x

52W High

₹455.5

52W Low

₹203.6

Div. Yield

97.00%

Shares O/S

36.78 Cr

Where Does the Money Come From?

Revenue breakdown for Afcons Infrastructure Ltd.

Core Construction OperationsPermissible Operating Activity

Permissible: Core operations in Construction.

99.3%of Total Revenue

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

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

0.7%of Total Revenue

About Afcons Infrastructure Ltd.

Permissible: Core operations in Construction.

Interest-Bearing Debt Ratio

42.22%Max: ≤ 33.0%

Cash & Securities Liquidity

11.29%Max: ≤ 33.0%

Impure Revenue Ratio

0.67%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Construction

Can't invest in AFCONS? Consider these instead

AAOIFI Verified

RITES

RITES Ltd.

HalalPurification: 3.07%

NBCC

NBCC (India) Ltd.

HalalPurification: 3.1%

ENGINERSIN

Engineers India Ltd.

HalalPurification: 2.57%

Purification & Zakat Calculator

Calculate how much to donate for AFCONS

⚠️ Note: AFCONS 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.