Is Hindalco Industries Ltd. (HINDALCO) Halal?

Hindalco Industries Ltd. (HINDALCO) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 49.21% exceeds limit 33.0%.

What is the dividend purification rate for HINDALCO?

The non-permissible dividend purification factor for Hindalco Industries Ltd. is 0.42%.

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HINDALCO

NSEMetals & MiningCap: ₹1.98L Cr

Hindalco Industries Ltd.

-0.63%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using DJIM criteria

Reasons for Non-Compliance:

Debt Ratio: 49.21% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹1.98L Cr

P/E Ratio

12.0x

P/B Ratio

1.4x

52W High

₹1,176

52W Low

₹770.15

Div. Yield

57.00%

Shares O/S

223.63 Cr

Where Does the Money Come From?

Revenue breakdown for Hindalco Industries Ltd.

Core Metals & Mining OperationsPermissible Operating Activity

Permissible: Core operations in Metals & Mining.

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 Hindalco Industries Ltd.

Permissible: Core operations in Metals & Mining.

Interest-Bearing Debt Ratio

49.21%Max: ≤ 33.0%

Cash & Securities Liquidity

11.29%Max: ≤ 33.0%

Impure Revenue Ratio

0.42%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Metals & Mining

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HalalPurification: 1.86%

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HalalPurification: 0.72%

HINDCOPPER

Hindustan Copper Ltd.

HalalPurification: 0.8%

Purification & Zakat Calculator

Calculate how much to donate for HINDALCO

⚠️ Note: HINDALCO 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.