Is UltraTech Cement Ltd stock halal or haram? If you’re searching for a comprehensive Shariah compliance analysis of UltraTech Cement Ltd, you’ve come to the right place!
In this article, we provide a detailed breakdown of UltraTech Cement 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 UltraTech Cement Ltd Stock Halal and Shariah Compliant?
UltraTech Cement Ltd, a company in the manufacturing and sale of Cement and Cement related product, has undergone a Shariah compliance screening based on key financial and business criteria. According to the latest annual report published on 22-07-2024, UltraTech Cement Ltd stock appears to be Halal and Shariah Compliant.
Shariah Compliance Analysis of UltraTech Cement Ltd
| Criteria | Value | Status |
| Business Activity | MANUFACTURING CEMENT | ✅ PASS |
| Impermissible Income to Total Revenue | 0.91% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 11.31% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 77.4% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
UltraTech Cement Ltd Price Chart
Business Overview of UltraTech Cement Ltd.
UltraTech Cement Limited is India’s largest cement manufacturer and a key player in the global cement industry. A subsidiary of the Aditya Birla Group, the company is headquartered in Mumbai and operates in over 20 countries. UltraTech produces a wide range of cement products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Ready-Mix Concrete (RMC).
With a strong focus on sustainability and innovation, UltraTech is committed to reducing its carbon footprint and enhancing energy efficiency. It continues to expand its production capacity to meet growing infrastructure and construction demands across India and beyond.
Conclusion
The UltraTech Cement Limited Stock appeared to be halal and Shariah compliant based on the Shariah screening Standard and the most recent annual report, which was released on 22-07-2024.
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.