Is Mahindra & Mahindra Ltd stock halal or haram? If you’re searching for a comprehensive Shariah compliance analysis of Mahindra & Mahindra Ltd, you’ve come to the right place!
In this article, we provide a detailed breakdown of Mahindra & Mahindra 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 Mahindra & Mahindra Ltd Stock Halal and Shariah Compliant?
Mahindra & Mahindra Ltd, a company in the automobile sector, has undergone a Shariah compliance screening based on key financial and business criteria. According to the latest annual report published on 29-06-2024, Mahindra & Mahindra Ltd stock appears to be Not Halal and Non-Shariah Compliant (Allah Knows the Best).
Shariah Compliance Analysis of Mahindra & Mahindra Ltd
| Criteria | Value | Status |
| Business Activity | Automobile | ✅ PASS |
| Impermissible Income to Total Revenue | 11.87% | ❌ FAIL |
| Interest-Bearing Debt to Total Assets | 45.12% | ❌ FAIL |
| Illiquid Assets to Total Assets Ratio | 23.17% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Mahindra & Mahindra Ltd Price Chart
Business Overview of Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd. (M&M) is a leading Indian multinational company headquartered in Mumbai, India. Founded in 1945, it is part of the Mahindra Group and operates primarily in the automotive and farm equipment sectors. The company is one of India’s largest vehicle manufacturers, producing SUVs, commercial vehicles, and electric cars. It is also the world’s largest tractor manufacturer by volume.
Beyond automobiles and farm equipment, Mahindra has a strong presence in financial services, IT, renewable energy, and real estate. The company focuses on innovation, sustainability, and technology-driven solutions, expanding its global footprint across multiple industries.
Conclusion
The Mahindra & Mahindra Ltd Stock appeared to be Not Halal and Non-Shariah compliant based on the Shariah screening Standard and the most recent annual report, which was released on 29-06-2024.
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.