Is RITES Ltd. (RITES) Halal?

RITES Ltd. (RITES) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Liquidity: Cash 49.61% exceeds limit 33.0%. Impure Revenue: Non-permissible income 3.07% exceeds limit 3.0%.

What is the dividend purification rate for RITES?

The non-permissible dividend purification factor for RITES Ltd. is 3.07%.

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RITES

NSEConstructionCap: ₹9048.81 Cr

RITES Ltd.

-20.43%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Liquidity: Cash 49.61% exceeds limit 33.0%.
Impure Revenue: Non-permissible income 3.07% exceeds limit 3.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹9048.81 Cr

P/E Ratio

21.7x

P/B Ratio

3.4x

52W High

₹259.7

52W Low

₹175

Div. Yield

584.00%

Shares O/S

48.06 Cr

Where Does the Money Come From?

Revenue breakdown for RITES Ltd.

Core Construction OperationsPermissible Operating Activity

Permissible: Core operations in Construction.

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 RITES Ltd.

Permissible: Core operations in Construction.

Interest-Bearing Debt Ratio

0.11%Max: ≤ 33.0%

Cash & Securities Liquidity

49.61%Max: ≤ 33.0%

Impure Revenue Ratio

3.07%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Construction

Can't invest in RITES? Consider these instead

BSE_TASIS Verified

ENGINERSIN

Engineers India Ltd.

HalalPurification: 2.57%

KEC

Kec International Ltd.

HalalPurification: 0.18%

Larsen & Toubro Ltd.

HalalPurification: 1.11%

Purification & Zakat Calculator

Calculate how much to donate for RITES

⚠️ Note: RITES 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.