Screening rules
Why it screened this way
✗
Debt is 222.8% of 36m avg market cap (limit: <33%).
✗
Debt is 200.5% of current market cap (limit: <33%).
NSEFinancial ServicesIndia
Indian Renewable Energy Development Agency Limited
Non-Compliant₹115
+1.54% today · Day ₹110 – ₹115 · NSE (public)
This stock doesn't meet 2 Shariah rules. See below to understand why.
68/100
Non-Compliant
This stock doesn't meet 2 Shariah rules. See below to understand why.
Market Cap₹32,289
Revenue₹6,619
Total Debt₹64,740
Debt / Mcap222.78%
Non-Halal Income1.40%
SectorFinancial Services
Price Chart
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52-Week Range8% from low
52-Week Low₹109
52-Week High₹187
Prev Close₹114
Multi-Methodology Screening
Screened against 3 international Shariah standards
ConsensusNon-Compliant0/3 pass
S&P Shariah IndicesNon-Compliant
Debt Ratio222.8%/ 33.0%
Non-Halal Income1.4%/ 5.0%
Interest Income1.4%/ 5.0%
Receivables0.0%/ 33.0%
Cash & IB Securities1.4%/ 33.0%
SectorAllowed
Debt is 222.8% of 36m avg market cap (limit: <33%).
Debt is 200.5% of current market cap (limit: <33%).
AAOIFI StandardsNon-Compliant
Debt Ratio81.2%/ 30.0%
Non-Halal Income1.4%/ 5.0%
Interest Income1.4%/ 5.0%
Receivables0.0%/ 49.0%
Cash & IB Securities1.4%/ 30.0%
SectorAllowed
Debt is 81.2% of total assets (limit: <30%).
Debt is 81.2% of current total assets (limit: <30%).
FTSE Yasaar (Maxis)Non-Compliant
Debt Ratio81.2%/ 33.0%
Non-Halal Income1.4%/ 5.0%
Interest Income1.4%/ 5.0%
Receivables0.0%/ 50.0%
Cash & IB Securities1.4%/ 33.0%
SectorAllowed
Debt is 81.2% of total assets (limit: <33%).
Debt is 81.2% of current total assets (limit: <33%).
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
222.78%Current debt
200.50%Income purity
1.40%Interest earned
1.40%Similar stocks
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