Is Ather Energy Ltd stock halal or haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place!
In this article, we provide a detailed breakdown of Ather Energy 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 Ather Energy Ltd Stock Halal and Shariah Compliant?
Ather Energy Ltd is an Indian electric two-wheeler (E2W) company, it has undergone a Shariah compliance screening based on key business activity and financial information available publicly.
Based on the current annual report published on 22-04-2025, Ather Energy Ltd stock is classified as Halal and Shariah Compliant, as it meets the required Shariah screening guidelines.
The company’s core business activities align with Islamic principles, and it’s all financial ratios remain within the permissible thresholds. For transparency and verification, you can review the latest annual report of Ather Energy Ltd from here: Ather Energy Ltd Annual Report
Shariah Compliance Analysis of Ather Energy Ltd Stock
| Criteria | Value | Status |
| Business Activity | Auto Mobile | ✅ PASS |
| Impermissible Income to Total Revenue | 0.84% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 31.52% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 42.24% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
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Business Overview of Ather Energy Limited
Ather Energy, founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, is a Bengaluru-based electric two-wheeler manufacturer. Known for its smart scooters like the Ather 450X and Rizta, the company also operates Ather Grid, a nationwide fast-charging network. Backed by Hero MotoCorp, Ather went public in 2025, aiming to expand its manufacturing and R&D capabilities.
Conclusion
Based on the Shariah screening process and annual report published on 22-04-2025, Ather Energy Ltd stock is classified as Halal and Shariah Compliant, meeting all major Islamic investment criteria. The company’s core business activities and financial ratios align with Shariah principles, making it a permissible investment option for Muslim investors. (Allah Knows the Best)
However, investors are advised to conduct their own due diligence and periodically review the company’s financial reports for any changes in compliance.
Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
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.
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