Screening rules
Why it screened this way
✗
No hard-rule violations detected.
NSETechnologyIndia
Happiest Minds Technologies Limited
Cautious₹392
-0.20% today · Day ₹375 – ₹398 · NSE (public)
We can't fully confirm this stock yet — it needs a manual check by a scholar or compliance expert.
87/100
Cautious
We can't fully confirm this stock yet — it needs a manual check by a scholar or compliance expert.
Market Cap₹5,906
Revenue₹2,061
Total Debt₹1,244
Debt / Mcap23.39%
Non-Halal Income4.35%
SectorTechnology
Price Chart
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52-Week Range18% from low
52-Week Low₹330
52-Week High₹675
Prev Close₹393
Multi-Methodology Screening
Screened against 4 international Shariah standards
ConsensusNon-Compliant0/4 pass
S&P Shariah IndicesCautious
Debt Ratio23.4%/ 33.0%
Non-Halal Income4.3%/ 5.0%
Interest Income4.3%/ 5.0%
Receivables6.1%/ 33.0%
Cash & IB Securities19.8%/ 33.0%
SectorAllowed
AAOIFI StandardsNon-Compliant
Debt Ratio37.0%/ 30.0%
Non-Halal Income4.3%/ 5.0%
Interest Income4.3%/ 5.0%
Receivables10.7%/ 49.0%
Cash & IB Securities19.8%/ 30.0%
SectorAllowed
Debt is 37.0% of total assets, exceeding the 30% threshold set by AAOIFI.
Debt is 37.0% of current total assets, exceeding the 30% threshold.
FTSE Yasaar (Maxis)Non-Compliant
Debt Ratio37.0%/ 33.0%
Non-Halal Income4.3%/ 5.0%
Interest Income4.3%/ 5.0%
Receivables10.7%/ 50.0%
Cash & IB Securities19.8%/ 33.0%
SectorAllowed
Debt is 37.0% of total assets, exceeding the 33% threshold set by FTSE.
Debt is 37.0% of current total assets, exceeding the 33% threshold.
Khatkhatay Independent NormsNon-Compliant
Debt Ratio37.0%/ 25.0%
Non-Halal Income4.3%/ 5.0%
Interest Income4.3%/ 5.0%
Receivables10.7%/ 100.0%
Cash & IB Securities19.8%/ 10.0%
SectorAllowed
Debt is 37.0% of total assets, exceeding the 25% threshold set by Independent.
Debt is 37.0% of current total assets, exceeding the 25% threshold.
Interest income is 4.3% of revenue, exceeding the 3% limit under Independent.
Each methodology uses different denominators and thresholds. A stock may be compliant under one standard but not another. The consensus reflects the majority verdict across all three.
Compliance check
Green = safe, amber = close to limit, red = over the limit
Debt level
23.39%Current debt
21.06%Income purity
4.35%Interest earned
4.35%Similar stocks
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