Is Petronet LNG Ltd. (PETRONET) Halal?

Petronet LNG Ltd. (PETRONET) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Liquidity: Cash 36.13% exceeds limit 33.0%.

What is the dividend purification rate for PETRONET?

The non-permissible dividend purification factor for Petronet LNG Ltd. is 1.83%.

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PETRONET

NSEOil Gas & Consumable FuelsCap: ₹43425.00 Cr

Petronet LNG Ltd.

+1.65%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Liquidity: Cash 36.13% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹43425.00 Cr

P/E Ratio

10.3x

P/B Ratio

1.9x

52W High

₹326.4

52W Low

₹235.35

Div. Yield

345.00%

Shares O/S

150.00 Cr

Where Does the Money Come From?

Revenue breakdown for Petronet LNG Ltd.

Core Oil Gas & Consumable Fuels OperationsPermissible Operating Activity

Permissible: Core operations in Oil Gas & Consumable Fuels.

98.2%of Total Revenue

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

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

1.8%of Total Revenue

About Petronet LNG Ltd.

Permissible: Core operations in Oil Gas & Consumable Fuels.

Interest-Bearing Debt Ratio

8.53%Max: ≤ 33.0%

Cash & Securities Liquidity

36.13%Max: ≤ 33.0%

Impure Revenue Ratio

1.83%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Oil Gas & Consumable Fuels

Can't invest in PETRONET? Consider these instead

BSE_TASIS Verified

IGL

Indraprastha Gas Ltd.

HalalPurification: 1.24%

ONGC

Oil & Natural Gas Corporation Ltd.

HalalPurification: 0.68%

BPCL

Bharat Petroleum Corporation Ltd.

HalalPurification: 0.41%

Purification & Zakat Calculator

Calculate how much to donate for PETRONET

⚠️ Note: PETRONET 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.