Is Godrej Properties Ltd. (GODREJPROP) Halal?

Godrej Properties Ltd. (GODREJPROP) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Impure Revenue: Non-permissible income 17.31% exceeds limit 5.0%.

What is the dividend purification rate for GODREJPROP?

The non-permissible dividend purification factor for Godrej Properties Ltd. is 17.31%.

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GODREJPROP

NSERealtyCap: ₹47232.31 Cr

Godrej Properties Ltd.

-21.82%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Impure Revenue: Non-permissible income 17.31% exceeds limit 5.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹47232.31 Cr

P/E Ratio

35.0x

P/B Ratio

2.4x

52W High

₹2,330

52W Low

₹1,434

Div. Yield

64.00%

Shares O/S

30.12 Cr

Where Does the Money Come From?

Revenue breakdown for Godrej Properties Ltd.

Core Realty OperationsPermissible Operating Activity

Permissible: Core operations in Realty.

82.7%of Total Revenue

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

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

17.3%of Total Revenue

About Godrej Properties Ltd.

Permissible: Core operations in Realty.

Interest-Bearing Debt Ratio

19.41%Max: ≤ 33.0%

Cash & Securities Liquidity

11.17%Max: ≤ 33.0%

Impure Revenue Ratio

17.31%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Realty

Can't invest in GODREJPROP? Consider these instead

MSCI Verified

LODHA

Lodha Developers Ltd.

HalalPurification: 1.54%

ANANTRAJ

Anant Raj Ltd.

HalalPurification: 2.52%

SIGNATURE

Signatureglobal (India) Ltd.

HalalPurification: 3.7%

Purification & Zakat Calculator

Calculate how much to donate for GODREJPROP

⚠️ Note: GODREJPROP 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.