Is Kenrik Industries 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 Kenrik Industries 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 Kenrik Industries Ltd Stock Halal and Shariah Compliant?
Kenrik Industries Ltd is the largest home decor company in India, 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 23-04-2025, Kenrik Industries 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 Kenrik Industries Ltd from here: Kenrik Industries Ltd Annual Report
Shariah Compliance Analysis of kenrik Industries Ltd
| Criteria | Value | Status |
| Business Activity | Jewellery | ✅ PASS |
| Impermissible Income to Total Revenue | 0.0% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 0.0% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 86.37% | ✅ 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 Ather Energy Ltd Stock Halal and Shariah Compliant?
Business Overview of Kenrik Industries Ltd
Kenrik Industries Ltd, established in 2017 and headquartered in Ahmedabad, Gujarat, specializes in the manufacturing and B2B supply of traditional Indian jewellery. The company offers a diverse range of handmade gold jewellery, often adorned with diamonds, rubies, and cubic zirconia, including rings, earrings, necklaces, bangles, bracelets, chains, and wedding jewellery.
Operating primarily in Gujarat, Kenrik Industries serves a broad clientele of retailers and wholesalers across various market segments. The company emphasizes quality and craftsmanship, adhering to BIS Hallmark standards for purity assurance. With a focus on expanding its market presence, Kenrik Industries aims to extend its reach across India and explore opportunities in international markets.
Conclusion
Based on the Shariah screening process and annual report published on 23-04-2025, Kenrik Industries 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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