Is Britannia Industries Ltd Stock Halal or Not? 2024 Result

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Is Britannia Industries Ltd Stock Halal or Not?

Identifying whether a stock is halal or haram (permissible or impermissible in Islamic finance) may be a complicated process that is dependent on a variety of elements related to the company’s business activities and financial processes.

After doing research we found that Yes, Britannia Industries Ltd stock is Halal and Sharia-compliant because the business activity and financial ratios of this company follow the rules prescribed by Shariah.

HALAL

Shariah Screening of Britannia Industries Limited

Business Permissibility
Is the Core Business Activity of the Company Halal?	Yes
Financial Ratio
Impermissible Income to Total Revenue ( Must be less than 5%)	1.3%
Interest-bearing Debt to Total Assets ( Must be less than 33%)	32.05%
Illiquid assets to Total assets ratio ( Must be more than 20%)	41.84%
Net Liquid assets vs Market Capitalisation ( Must be less than 100%)	-0.30%

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About Britannia Industries Limited

Sector : Fast Moving Consumer Goods.

Industry : Food Products

Britannia Industries Ltd. manufactures and sells food items. The company’s main business is producing and marketing different food items. Cakes, biscuits, dairy, breads, rusks, and snacks are among the product categories that are sold by the company.

Among its biscuit offerings are Good Day, Marie Gold, Biscafe, NutriChoice, Milk Bikis, Tiger, 50-50, Jim Jam, Treat, Little Hearts, Pure Magic, and Nice Time.

Dairy Whitener, Winkin’ Cow, Come Alive Paneer, Come Alive Dahi, cheese, and ghee are among the company’s dairy products. Gourmet, white, and wheat flour breads are among its bread goods. Among its gourmet breads are the Fruit Bun, Fruit Bread, Chocolate Bread, and Chocolate Bun. The company sells sandwich, sweet, vitarich, and healthy-slice white breads.

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Conclusion

Note : Based on our research and the facts at hand, Britannia Industries Ltd stock is halal and shariah compliant, so it come on the list of halal stocks. (Allah knows the best) If you think that this result is inaccurate or doubtful, please email us at halalfinance.co.in@gmail.com

Disclaimer : This blog is solely for educational purposes. The securities or investments quoted here are not recommendatory.

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