Is Wipro Limited Share halal or haram? If you’re searching for a comprehensive Shariah compliance analysis of Wipro Ltd, you’ve come to the right place!
In this article, we provide a detailed breakdown of Wipro 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 Wipro Limited Share Halal and Shariah Compliant?
Wipro Llimitd, 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 24-06-2024, Wipro Limited Share appears to be Not Halal and Non-Shariah Compliant.
Shariah Compliance Analysis of Wipro Limited
| Criteria | Value | Status |
| Business Activity | IT Service | ✅ PASS |
| Impermissible Income to Total Revenue | 35.0% | ❌ FAIL |
| Interest-Bearing Debt to Total Assets | 14.29% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 38.98% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Wipro Limited Price Chart
Business Overview of Wipro Limited
Wipro Limited is a leading global IT services, consulting, and business solutions company headquartered in Bengaluru, India. Founded in 1945, Wipro operates in over 50 countries, offering services in cloud computing, cybersecurity, artificial intelligence, and digital transformation.
The company serves diverse industries, including banking, healthcare, retail, and manufacturing. With a strong focus on innovation and sustainability, Wipro continues to drive digital advancements while maintaining its commitment to ethical business practices and corporate social responsibility.
Conclusion
The Wipro Limited Share 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 24-06-2024.
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.