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Is Jindal Steel Ltd. Shariah Compliant? | BarakFi | BarakFi
NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%
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Home›Screener›JINDALSTEL
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JINDALSTELNSE

Jindal Steel Ltd.

Metals & Mining · Large Cap · India
₹1,204.2
▼ ₹16.4 (-1.34%) today
Day Range: ₹1,190 – ₹1,214
Volume: 3.0 L · as of 3 Jun 2026, 1:37 pm
Shariah Status
Shariah Compliant
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Last screened 2 Jun 2026, 7:35 pm IST.
Methodology
AAOIFI aligned · 2026.04.2
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Shariah Compliant
Compliance
Market Data
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Shariah Compliance Breakdown
Debt Ratio
Interest-bearing debt compared to methodology denominator (AAOIFI: total assets). Must stay below 30%.
Disclaimer:The information on this page is for educational purposes only and does not constitute a religious ruling (fatwa) or financial advice. Shariah compliance status is derived from publicly available financial data and BarakFi's methodology mapping. Individual scholars may reach different conclusions. Always consult a qualified Islamic finance scholar and a licensed financial advisor before making investment decisions.
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Shariah-compliant equity screening for the Indian market.

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© 2026 BarakFi · Educational screening · Not a religious ruling or financial adviceMade in India
Threshold: 30%
22.5%
Borderline
Interest Income
Interest and treasury-based income as a share of business income. Must stay below 5%.
Threshold: 5%
0.0%
Pass
Non-permissible Income
Non-halal income compared to total business income. Must stay below 5%.
Threshold: 5%
Not detected
Pass
Accounts Receivable
Receivables compared to methodology denominator (AAOIFI: total assets). Must stay below 49%.
Threshold: 49%
1.8%
Pass
Business Activity
Core business lines should avoid prohibited sectors and interest-driven revenue dependence.
Allowed
Pass
Cash & Interest-bearing Assets
Cash, equivalents, and interest-bearing balances compared to total assets. Must stay below 30%.
Threshold: 30%
4.1%
Pass
Why Shariah Compliant
Jindal Steel Ltd. currently screens as Shariah compliant on BarakFi. All required checks pass with current data.
Market Data
Current Price
₹1,204.2
Day Range
₹1,190 – ₹1,214
52-Week Range
₹882.65 – ₹1,306.2
Volume
3.0 L
Market Cap
₹1.22 L Cr
P/E Ratio
—
About Jindal Steel Ltd.

Jindal Steel & Power Ltd. engages in the manufacturing of Iron & steel products and generation of power. The company is headquartered in New Delhi, Delhi and currently employs 6,399 full-time employees. The company operates through three segments: Iron and steel products, Power, and Others. The Iron and steel products segment comprise of manufacturing of Steel products, sponge iron, pellets, and castings. The Power segment comprises of business of power generation. The Others segment comprises mainly aviation, machinery division, and real estate. The company is involved in mining of iron ore. The company is also engaged in manufacturing of cement, lime, plaster, basic iron, and structural metal products. The company also manufactures steam generators, except central heating hot water boiler. Its product portfolio includes rails, parallel flange beams and columns, plates and coils, angles and channels, wire rods, round bars, speed floors, Jindal panther thermo mechanically treated (TMT) rebars, Jindal panther cement, fabricated sections and semi-finished. The company also has a power portfolio, comprising independent power plants and captive power projects.

BarakFi combines that company context with filing-driven screening ratios, market-cap evidence, and live quote snapshots so you can review the stock through a Shariah-screening lens without losing the underlying business picture.

Index and universe context: Nifty 500 • Nifty SMALLCAP 100.

Metals & MiningLarge CapIndiaNSENifty 500Nifty SMALLCAP 100
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COALINDIA
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Compliant
TATASTEEL
Tata Steel Limited
Compliant
HINDZINC
Hindustan Zinc Ltd.
Not Compliant
Key Compliance Ratios
Debt Ratio22.5%
Interest Income0.0%
Non-permissible IncomeNot detected
Receivables Ratio1.8%
Overall StatusCompliant
Stock Information
TickerJINDALSTEL
ExchangeNSE
SectorMetals & Mining
CountryIndia
Market Cap₹1.22 L Cr
36M Avg MCap₹1.25 L Cr
Cap SizeLarge Cap
About this Screening
This page uses an AAOIFI-aligned methodology version 2026.04.2, checking debt, interest income, non-permissible income, receivables, and balance-sheet context from the current filings dataset.

This is educational only — not a religious ruling or financial advice. Read the full methodology for threshold context and update cadence.

Read full methodology →
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