Is GMR Airports Ltd. (GMRAIRPORT) Halal?

GMR Airports Ltd. (GMRAIRPORT) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 45.09% exceeds limit 33.0%.

What is the dividend purification rate for GMRAIRPORT?

The non-permissible dividend purification factor for GMR Airports Ltd. is 2.86%.

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GMRAIRPORT

NSEServicesCap: ₹92665.20 Cr

GMR Airports Ltd.

-17.61%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Debt Ratio: 45.09% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹92665.20 Cr

P/E Ratio

212.0x

P/B Ratio

N/A

52W High

₹115.64

52W Low

₹84.11

Div. Yield

0.00%

Shares O/S

1066.10 Cr

Where Does the Money Come From?

Revenue breakdown for GMR Airports Ltd.

Core Services OperationsPermissible Operating Activity

Permissible: Core operations in Services.

97.1%of Total Revenue

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

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

2.9%of Total Revenue

About GMR Airports Ltd.

Permissible: Core operations in Services.

Interest-Bearing Debt Ratio

45.09%Max: ≤ 33.0%

Cash & Securities Liquidity

5.3%Max: ≤ 33.0%

Impure Revenue Ratio

2.86%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Services

Can't invest in GMRAIRPORT? Consider these instead

AAOIFI Verified

BLUEDART

Blue Dart Express Ltd.

HalalPurification: 0.12%

REDINGTON

Redington Ltd.

HalalPurification: 0.1%

IGIL

International Gemological Institute Ltd.

HalalPurification: 0%

Purification & Zakat Calculator

Calculate how much to donate for GMRAIRPORT

⚠️ Note: GMRAIRPORT 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.