Is Vodafone Idea Ltd. (IDEA) Halal?

Vodafone Idea Ltd. (IDEA) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 143.28% exceeds limit 33.0%.

What is the dividend purification rate for IDEA?

The non-permissible dividend purification factor for Vodafone Idea Ltd. is 2.35%.

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IDEA

NSETelecommunicationCap: ₹1.28L Cr

Vodafone Idea Ltd.

+1.98%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Debt Ratio: 143.28% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹1.28L Cr

P/E Ratio

3.4x

P/B Ratio

N/A

52W High

₹15.79

52W Low

₹8.13

Div. Yield

0.00%

Shares O/S

10834.30 Cr

Where Does the Money Come From?

Revenue breakdown for Vodafone Idea Ltd.

Core Telecommunication OperationsPermissible Operating Activity

Permissible: Core operations in Telecommunication.

97.7%of Total Revenue

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

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

2.3%of Total Revenue

About Vodafone Idea Ltd.

Permissible: Core operations in Telecommunication.

Interest-Bearing Debt Ratio

143.28%Max: ≤ 33.0%

Cash & Securities Liquidity

4.31%Max: ≤ 33.0%

Impure Revenue Ratio

2.35%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Telecommunication

Can't invest in IDEA? Consider these instead

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HalalPurification: 1.16%

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HalalPurification: 0.92%

ITI

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HalalPurification: 0.63%

Purification & Zakat Calculator

Calculate how much to donate for IDEA

⚠️ Note: IDEA 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.