Is Oil India Ltd. (OIL) Halal?

Oil India Ltd. (OIL) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 51.3% exceeds limit 33.0%.

What is the dividend purification rate for OIL?

The non-permissible dividend purification factor for Oil India Ltd. is 2.07%.

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OIL

NSEOil Gas & Consumable FuelsCap: ₹73847.99 Cr

Oil India Ltd.

+8.03%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using DJIM criteria

Reasons for Non-Compliance:

Debt Ratio: 51.3% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹73847.99 Cr

P/E Ratio

8.8x

P/B Ratio

1.3x

52W High

₹531

52W Low

₹395.6

Div. Yield

253.00%

Shares O/S

162.66 Cr

Where Does the Money Come From?

Revenue breakdown for Oil India Ltd.

Core Oil Gas & Consumable Fuels OperationsPermissible Operating Activity

Permissible: Core operations in Oil Gas & Consumable Fuels.

97.9%of Total Revenue

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

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

2.1%of Total Revenue

About Oil India Ltd.

Permissible: Core operations in Oil Gas & Consumable Fuels.

Interest-Bearing Debt Ratio

51.3%Max: ≤ 33.0%

Cash & Securities Liquidity

8.18%Max: ≤ 33.0%

Impure Revenue Ratio

2.07%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Oil Gas & Consumable Fuels

Can't invest in OIL? Consider these instead

DJIM Verified

IGL

Indraprastha Gas Ltd.

HalalPurification: 1.24%

CHENNPETRO

Chennai Petroleum Corporation Ltd.

HalalPurification: 0.07%

GAIL

GAIL (India) Ltd.

HalalPurification: 0%

Purification & Zakat Calculator

Calculate how much to donate for OIL

⚠️ Note: OIL 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.