Is Ashok Leyland Ltd. (ASHOKLEY) Halal?

Ashok Leyland Ltd. (ASHOKLEY) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 63.28% exceeds limit 33.0%.

What is the dividend purification rate for ASHOKLEY?

The non-permissible dividend purification factor for Ashok Leyland Ltd. is 0.39%.

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ASHOKLEY

NSECapital Goods

Ashok Leyland Ltd.

-20.33%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Debt Ratio: 63.28% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

N/A

P/E Ratio

24.5x

P/B Ratio

6.0x

52W High

₹215.42

52W Low

₹138.03

Div. Yield

242.00%

Shares O/S

N/A

Where Does the Money Come From?

Revenue breakdown for Ashok Leyland Ltd.

Core Capital Goods OperationsPermissible Operating Activity

Permissible: Core operations in Capital Goods.

99.6%of Total Revenue

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

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

0.4%of Total Revenue

About Ashok Leyland Ltd.

Permissible: Core operations in Capital Goods.

Interest-Bearing Debt Ratio

63.28%Max: ≤ 33.0%

Cash & Securities Liquidity

16.83%Max: ≤ 33.0%

Impure Revenue Ratio

0.39%Max: ≤ 5.0%

Screening Denominator

Total Assets

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HalalPurification: 1.21%

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HalalPurification: 0.33%

Purification & Zakat Calculator

Calculate how much to donate for ASHOKLEY

⚠️ Note: ASHOKLEY 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.