Is ONGC 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 break down whether ONGC Limited Share meets Shariah Screening guidelines.
Is ONGC Limited Share Halal and Shariah Compliant?
ONGC Limited, a company in the oil and gas exploration sector, has undergone a Shariah compliance screening based on key financial and business criteria.
Based on the current annual report published on 07-08-2024, ONGC 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 its 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 ONGC Limited from here: ONGC Limited Annual Report
Shariah Compliance Analysis of ONGC Limited Stock
| Criteria | Value | Status |
| Business Activity | Oil and Gas exploration | ✅ PASS |
| Impermissible Income to Total Revenue | 1.97% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 21.57% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 65.72% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Business Overview of ONGC Limited
Oil and Natural Gas Corporation (ONGC) Limited is India’s largest oil and gas exploration and production company. Founded in 1956, ONGC operates under the Ministry of Petroleum and Natural Gas, contributing significantly to India’s energy sector.
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The company explores, develops, and produces crude oil and natural gas across onshore and offshore fields, ensuring energy security for the nation. With a strong global presence, ONGC also has investments in refining, petrochemicals, and renewable energy, making it a key player in India’s energy landscape.
Conclusion
Based on the Shariah screening process and annual report published on 07-08-2024, ONGC Limited Share is classified as Halal and Shariah Compliant, meeting all major Islamic investment criteria (Allah Knows the Best). The company’s core business activities and financial ratios align with Shariah principles, making it a permissible investment option for Muslim investors.
However, investors are advised to conduct their own due diligence and periodically review the company’s financial reports 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.
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