Is HCL Technologies Ltd stock halal or haram? If you’re searching for a comprehensive Shariah compliance analysis of HCL Technologies Ltd, you’ve come to the right place!
In this article, we provide a detailed breakdown of HCL Technologies Ltd’s business operations, financials, and compliance with Shariah screening guidelines. Whether you’re an ethical investor or exploring halal investment opportunities, this analysis will help you make an informed decision.
Is HCL Technologies Ltd Stock Halal and Shariah Compliant?
HCL Technologies Ltd, a company in the Information technology services, has undergone a Shariah compliance screening based on key financial and business criteria. According to the latest annual report published on 22-07-2024, HCL Technologies Ltd stock appears to be Not Halal and Non-Shariah Compliant.
Shariah Compliance Analysis of HCL Technologies Ltd
| Criteria | Value | Status |
| Business Activity | IT Services | ❌ MUTE |
| Impermissible Income to Total Revenue | 1.36% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 5.77% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 35.44% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
HCL Technologies Ltd Price Chart
Business Overview of HCL Technologies Ltd
HCL Technologies Ltd is a global IT services and consulting company, headquartered in Noida, India. Founded in 1976, HCL specializes in software development, cloud computing, cybersecurity, AI, and digital transformation solutions for industries like banking, healthcare, manufacturing, and telecom.
With a strong focus on innovation and customer-centric solutions, HCL serves Fortune 500 companies worldwide, driving business automation, IT modernization, and enterprise solutions. Its commitment to sustainability and cutting-edge technology makes it a key player in the global IT industry.
Conclusion
Based on the screening Process, HCL Technologies Ltd Stock appears to be Not Halal and Non-Shariah Compliant (Allah Knows the Best). However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
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Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.