Is Jain Resource Recycling Ltd. (JAINREC) Halal?

Jain Resource Recycling Ltd. (JAINREC) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 37.72% exceeds limit 33.33%.

What is the dividend purification rate for JAINREC?

The non-permissible dividend purification factor for Jain Resource Recycling Ltd. is 0.24%.

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JAINREC

NSEMetals & MiningCap: ₹9317.32 Cr

Jain Resource Recycling Ltd.

-33.4%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 37.72% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹9317.32 Cr

P/E Ratio

25.5x

P/B Ratio

6.1x

52W High

₹593.95

52W Low

₹268.1

Div. Yield

0.00%

Shares O/S

34.51 Cr

Where Does the Money Come From?

Revenue breakdown for Jain Resource Recycling Ltd.

Core Metals & Mining OperationsPermissible Operating Activity

Permissible: Core operations in Metals & Mining.

99.8%of Total Revenue

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

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

0.2%of Total Revenue

About Jain Resource Recycling Ltd.

Permissible: Core operations in Metals & Mining.

Interest-Bearing Debt Ratio

37.72%Max: ≤ 33.0%

Cash & Securities Liquidity

6.32%Max: ≤ 33.0%

Impure Revenue Ratio

0.24%Max: ≤ 5.0%

Screening Denominator

Total Assets

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HalalPurification: 0.34%

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HalalPurification: 1.86%

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HalalPurification: 0.72%

Purification & Zakat Calculator

Calculate how much to donate for JAINREC

⚠️ Note: JAINREC 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.