Is IRCON International Ltd. (IRCON) Halal?

IRCON International Ltd. (IRCON) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Impure Revenue: Non-permissible income 3.25% exceeds limit 3.0%.

What is the dividend purification rate for IRCON?

The non-permissible dividend purification factor for IRCON International Ltd. is 3.25%.

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IRCON

NSEConstructionCap: ₹9088.20 Cr

IRCON International Ltd.

-44.92%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Impure Revenue: Non-permissible income 3.25% exceeds limit 3.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹9088.20 Cr

P/E Ratio

14.7x

P/B Ratio

1.4x

52W High

₹186.44

52W Low

₹95.76

Div. Yield

197.00%

Shares O/S

94.05 Cr

Where Does the Money Come From?

Revenue breakdown for IRCON International Ltd.

Core Construction OperationsPermissible Operating Activity

Permissible: Core operations in Construction.

96.7%of Total Revenue

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

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

3.3%of Total Revenue

About IRCON International Ltd.

Permissible: Core operations in Construction.

Interest-Bearing Debt Ratio

26.9%Max: ≤ 33.0%

Cash & Securities Liquidity

22.46%Max: ≤ 33.0%

Impure Revenue Ratio

3.25%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Construction

Can't invest in IRCON? Consider these instead

BSE_TASIS Verified

ENGINERSIN

Engineers India Ltd.

HalalPurification: 2.57%

KEC

Kec International Ltd.

HalalPurification: 0.18%

Larsen & Toubro Ltd.

HalalPurification: 1.11%

Purification & Zakat Calculator

Calculate how much to donate for IRCON

⚠️ Note: IRCON 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.