Is Cummins India Ltd. (CUMMINSIND) Halal?

Cummins India Ltd. (CUMMINSIND) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Liquidity: Cash 34.8% exceeds limit 33.0%.

What is the dividend purification rate for CUMMINSIND?

The non-permissible dividend purification factor for Cummins India Ltd. is 1.58%.

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CUMMINSIND

NSECapital GoodsCap: ₹1.23L Cr

Cummins India Ltd.

+0.88%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Liquidity: Cash 34.8% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹1.23L Cr

P/E Ratio

52.1x

P/B Ratio

14.6x

52W High

₹6,100

52W Low

₹3,883.1

Div. Yield

148.00%

Shares O/S

27.72 Cr

Where Does the Money Come From?

Revenue breakdown for Cummins India Ltd.

Core Capital Goods OperationsPermissible Operating Activity

Permissible: Core operations in Capital Goods.

98.4%of Total Revenue

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

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

1.6%of Total Revenue

About Cummins India Ltd.

Permissible: Core operations in Capital Goods.

Interest-Bearing Debt Ratio

0.32%Max: ≤ 33.0%

Cash & Securities Liquidity

34.8%Max: ≤ 33.0%

Impure Revenue Ratio

1.58%Max: ≤ 5.0%

Screening Denominator

Total Assets

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HalalPurification: 1.21%

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HalalPurification: 0.8%

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HalalPurification: 0.33%

Purification & Zakat Calculator

Calculate how much to donate for CUMMINSIND

⚠️ Note: CUMMINSIND 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.