Is PI Industries Ltd. (PIIND) Halal?

PI Industries Ltd. (PIIND) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Impure Revenue: Non-permissible income 3.13% exceeds limit 3.0%.

What is the dividend purification rate for PIIND?

The non-permissible dividend purification factor for PI Industries Ltd. is 3.13%.

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PIIND

NSEChemicalsCap: ₹31858.29 Cr

PI Industries Ltd.

-34.42%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Impure Revenue: Non-permissible income 3.13% exceeds limit 3.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹31858.29 Cr

P/E Ratio

27.3x

P/B Ratio

2.8x

52W High

₹3,832.9

52W Low

₹2,005.2

Div. Yield

71.00%

Shares O/S

15.17 Cr

Where Does the Money Come From?

Revenue breakdown for PI Industries Ltd.

Core Chemicals OperationsPermissible Operating Activity

Permissible: Core operations in Chemicals.

96.9%of Total Revenue

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

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

3.1%of Total Revenue

About PI Industries Ltd.

Permissible: Core operations in Chemicals.

Interest-Bearing Debt Ratio

2.55%Max: ≤ 33.0%

Cash & Securities Liquidity

26.05%Max: ≤ 33.0%

Impure Revenue Ratio

3.13%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Chemicals

Can't invest in PIIND? Consider these instead

BSE_TASIS Verified

FLUOROCHEM

Gujarat Fluorochemicals Ltd.

HalalPurification: 0.51%

LINDEINDIA

Linde India Ltd.

HalalPurification: 0.22%

ANURAS

Anupam Rasayan India Ltd.

HalalPurification: 0.55%

Purification & Zakat Calculator

Calculate how much to donate for PIIND

⚠️ Note: PIIND 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.