Is Coal India Limited Share 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 Coal India Limited’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 Coal India Limited Share Halal and Shariah Compliant?
Coal India Limited is mainly engaged in mining and production of Coal and also operates Coal washeries, 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 27-07-2024, Coal India Limited Share 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, including interest-bearing debt and impermissible income, remain within the permissible thresholds.
For transparency and verification, you can review the latest annual report of Coal India Limited from here: Coal India Limited Annual Report
Shariah Compliance Analysis of Coal India Limited Stock
| Criteria | Value | Status |
| Business Activity | Energy | ✅ PASS |
| Impermissible Income to Total Revenue | 4.89% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 2.74% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 44.01% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Also Read : Is Adani Ports & Special Economic Zone Ltd Share Halal and Shariah Compliant?
Business Overview of Coal India Limited
Coal India Limited is the world’s largest coal producer and a state-owned enterprise under the Ministry of Coal, Government of India. Established in 1975, Coal India is responsible for over 80% of India’s coal production, supplying fuel to key industries such as power, steel, and cement.
The company operates through its subsidiaries across various coal-rich regions, managing extensive mining operations. With a focus on sustainability, Coal India is adopting cleaner mining technologies and exploring renewable energy ventures. It plays a critical role in ensuring India’s energy security while working towards reducing environmental impact. Through continuous capacity expansion and modernization, Coal India remains a key driver of India’s industrial growth.
Conclusion
Based on the Shariah screening process and annual report published on 27-07-2024, Coal India Limited Share 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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