Is Titan Company Ltd. (TITAN) Halal?

Titan Company Ltd. (TITAN) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 50.56% exceeds limit 33.33%.

What is the dividend purification rate for TITAN?

The non-permissible dividend purification factor for Titan Company Ltd. is 0.33%.

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TITAN

NSEConsumer DurablesCap: ₹3.94L Cr

Titan Company Ltd.

+9.92%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 50.56% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹3.94L Cr

P/E Ratio

68.4x

P/B Ratio

25.1x

52W High

₹5,186.7

52W Low

₹3,667.3

Div. Yield

34.00%

Shares O/S

88.73 Cr

Where Does the Money Come From?

Revenue breakdown for Titan Company Ltd.

Core Consumer Durables OperationsPermissible Operating Activity

Permissible: Core operations in Consumer Durables.

99.7%of Total Revenue

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

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

0.3%of Total Revenue

About Titan Company Ltd.

Permissible: Core operations in Consumer Durables.

Interest-Bearing Debt Ratio

50.56%Max: ≤ 33.0%

Cash & Securities Liquidity

6.43%Max: ≤ 33.0%

Impure Revenue Ratio

0.33%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Consumer Durables

Can't invest in TITAN? Consider these instead

MSCI Verified

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Crompton Greaves Consumer Electricals Ltd.

HalalPurification: 0.4%

DIXON

Dixon Technologies (India) Ltd.

HalalPurification: 0.02%

BLUESTARCO

Blue Star Ltd.

HalalPurification: 0.09%

Purification & Zakat Calculator

Calculate how much to donate for TITAN

⚠️ Note: TITAN 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.