Is InterGlobe Aviation Ltd. (INDIGO) Halal?

InterGlobe Aviation Ltd. (INDIGO) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 57.17% exceeds limit 33.33%.

What is the dividend purification rate for INDIGO?

The non-permissible dividend purification factor for InterGlobe Aviation Ltd. is 2.38%.

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INDIGO

NSEServicesCap: ₹1.89L Cr

InterGlobe Aviation Ltd.

-4.56%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 57.17% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹1.89L Cr

P/E Ratio

21.5x

P/B Ratio

37.8x

52W High

₹5,970

52W Low

₹3,895.2

Div. Yield

0.00%

Shares O/S

38.67 Cr

Where Does the Money Come From?

Revenue breakdown for InterGlobe Aviation Ltd.

Core Services OperationsPermissible Operating Activity

Permissible: Core operations in Services.

97.6%of Total Revenue

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

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

2.4%of Total Revenue

About InterGlobe Aviation Ltd.

Permissible: Core operations in Services.

Interest-Bearing Debt Ratio

57.17%Max: ≤ 33.0%

Cash & Securities Liquidity

28.92%Max: ≤ 33.0%

Impure Revenue Ratio

2.38%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Services

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MSCI Verified

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HalalPurification: 0.12%

REDINGTON

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HalalPurification: 0.1%

CONCOR

Container Corporation of India Ltd.

HalalPurification: 3.99%

Purification & Zakat Calculator

Calculate how much to donate for INDIGO

⚠️ Note: INDIGO 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.