Is Sobha Ltd. (SOBHA) Halal?

Sobha Ltd. (SOBHA) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Impure Revenue: Non-permissible income 3.52% exceeds limit 3.0%.

What is the dividend purification rate for SOBHA?

The non-permissible dividend purification factor for Sobha Ltd. is 3.52%.

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SOBHA

NSERealtyCap: ₹12034.55 Cr

Sobha Ltd.

-22.77%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Impure Revenue: Non-permissible income 3.52% exceeds limit 3.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹12034.55 Cr

P/E Ratio

63.0x

P/B Ratio

2.5x

52W High

₹1,732

52W Low

₹1,112.1

Div. Yield

53.00%

Shares O/S

10.69 Cr

Where Does the Money Come From?

Revenue breakdown for Sobha Ltd.

Core Realty OperationsPermissible Operating Activity

Permissible: Core operations in Realty.

96.5%of Total Revenue

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

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

3.5%of Total Revenue

About Sobha Ltd.

Permissible: Core operations in Realty.

Interest-Bearing Debt Ratio

5.42%Max: ≤ 33.0%

Cash & Securities Liquidity

0.66%Max: ≤ 33.0%

Impure Revenue Ratio

3.52%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Realty

Can't invest in SOBHA? Consider these instead

BSE_TASIS Verified

LODHA

Lodha Developers Ltd.

HalalPurification: 1.54%

ANANTRAJ

Anant Raj Ltd.

HalalPurification: 2.52%

OBEROIRLTY

Oberoi Realty Ltd.

HalalPurification: 2.8%

Purification & Zakat Calculator

Calculate how much to donate for SOBHA

⚠️ Note: SOBHA 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.