Is JSW Steel Ltd. (JSWSTEEL) Halal?

JSW Steel Ltd. (JSWSTEEL) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 44.16% exceeds limit 33.33%.

What is the dividend purification rate for JSWSTEEL?

The non-permissible dividend purification factor for JSW Steel Ltd. is 0.38%.

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JSWSTEEL

NSEMetals & MiningCap: ₹3.04L Cr

JSW Steel Ltd.

+6.97%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 44.16% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹3.04L Cr

P/E Ratio

10.7x

P/B Ratio

2.7x

52W High

₹1,351

52W Low

₹1,073.2

Div. Yield

57.00%

Shares O/S

244.10 Cr

Where Does the Money Come From?

Revenue breakdown for JSW Steel Ltd.

Core Metals & Mining OperationsPermissible Operating Activity

Permissible: Core operations in Metals & Mining.

99.6%of Total Revenue

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

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

0.4%of Total Revenue

About JSW Steel Ltd.

Permissible: Core operations in Metals & Mining.

Interest-Bearing Debt Ratio

44.16%Max: ≤ 33.0%

Cash & Securities Liquidity

18.41%Max: ≤ 33.0%

Impure Revenue Ratio

0.38%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Metals & Mining

Can't invest in JSWSTEEL? Consider these instead

MSCI Verified

SAIL

Steel Authority of India Ltd.

HalalPurification: 0.34%

SARDAEN

Sarda Energy and Minerals Ltd.

HalalPurification: 1.86%

GRAVITA

Gravita India Ltd.

HalalPurification: 0.72%

Purification & Zakat Calculator

Calculate how much to donate for JSWSTEEL

⚠️ Note: JSWSTEEL 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.