Is MMTC Ltd. (MMTC) Halal?

MMTC Ltd. (MMTC) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons:

What is the dividend purification rate for MMTC?

The non-permissible dividend purification factor for MMTC Ltd. is 0%.

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MMTC

NSEServicesCap: ₹7566.00 Cr

MMTC Ltd.

-23.24%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Market Fundamentals

Live NSE/BSE

Market Cap

₹7566.00 Cr

P/E Ratio

17.2x

P/B Ratio

3.6x

52W High

₹78.35

52W Low

₹49.41

Div. Yield

0.00%

Shares O/S

150.00 Cr

Where Does the Money Come From?

Revenue breakdown for MMTC Ltd.

Core Services OperationsPermissible Operating Activity

Permissible: Core operations in Services.

0.0%of Total Revenue

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

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

3934.0%of Total Revenue

About MMTC Ltd.

Permissible: Core operations in Services.

Interest-Bearing Debt Ratio

N/A%Max: ≤ 33.0%

Cash & Securities Liquidity

N/A%Max: ≤ 33.0%

Impure Revenue Ratio

N/A%Max: ≤ 5.0%

Screening Denominator

Market Capitalization

Halal Alternatives in Services

Can't invest in MMTC? Consider these instead

MSCI Verified

BLUEDART

Blue Dart Express Ltd.

HalalPurification: 0.12%

REDINGTON

Redington Ltd.

HalalPurification: 0.1%

CONCOR

Container Corporation of India Ltd.

HalalPurification: 3.99%

Purification & Zakat Calculator

Calculate how much to donate for MMTC

⚠️ Note: MMTC 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.