Is ITC Ltd. (ITC) Halal?

ITC Ltd. (ITC) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Sector Prohibition: Non-Permissible: Over 40% EBIT derived from commercial cigarette and tobacco products.

What is the dividend purification rate for ITC?

The non-permissible dividend purification factor for ITC Ltd. is 1.87%.

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ITC

NSEFast Moving Consumer GoodsCap: ₹3.33L Cr

ITC Ltd.

-23.44%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using DJIM criteria

Reasons for Non-Compliance:

Sector Prohibition: Non-Permissible: Over 40% EBIT derived from commercial cigarette and tobacco products.

Market Fundamentals

Live NSE/BSE

Market Cap

₹3.33L Cr

P/E Ratio

16.8x

P/B Ratio

4.6x

52W High

₹421.65

52W Low

₹252.8

Div. Yield

602.00%

Shares O/S

1253.19 Cr

Where Does the Money Come From?

Revenue breakdown for ITC Ltd.

Core Fast Moving Consumer Goods OperationsProhibited Core Activity

Non-Permissible: Over 40% EBIT derived from commercial cigarette and tobacco products.

98.1%of Total Revenue

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

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

1.9%of Total Revenue

About ITC Ltd.

Non-Permissible: Over 40% EBIT derived from commercial cigarette and tobacco products.

Interest-Bearing Debt Ratio

0.73%Max: ≤ 33.0%

Cash & Securities Liquidity

7.16%Max: ≤ 33.0%

Impure Revenue Ratio

1.87%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Fast Moving Consumer Goods

Can't invest in ITC? Consider these instead

DJIM Verified

GODREJCP

Godrej Consumer Products Ltd.

HalalPurification: 1.22%

UNITDSPR

United Spirits Ltd.

HalalPurification: 2.59%

GILLETTE

Gillette India Ltd.

HalalPurification: 0.85%

Purification & Zakat Calculator

Calculate how much to donate for ITC

⚠️ Note: ITC 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.