Is RITES Ltd. (RITES) Halal?

RITES Ltd. (RITES) is evaluated as Halal and Shariah-compliant under the AAOIFI standard. All financial ratios and business activity screening fall within permissible thresholds.

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

Shariah Compliant (Halal)

Evaluated using DJIM criteria

Purification Factor3.07%

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

0.07%Max: ≤ 33.0%

Cash & Securities Liquidity

30.58%Max: ≤ 33.0%

Impure Revenue Ratio

3.07%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

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HalalPurification: 2.57%

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Purification & Zakat Calculator

Calculate how much to donate for RITES

How do you know your dividend amount?I know the total amountI know per-share dividend

Total Dividend Received (₹)

Purification Rate

3.07% of Gross Dividend

Gross Dividend₹1,000

Give Away as Sadaqah₹30.7Give this away without expecting reward

Your Clean Earnings₹969.3This is fully yours to keep