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Is Jindal Stainless 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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JSLNSE

Jindal Stainless Ltd.

Metals & Mining · Large Cap · India
₹681.65
▼ ₹40.55 (-5.61%) today
Day Range: ₹662.9 – ₹689.85
Volume: 10.6 L · as of 4 Jun 2026, 5:33 am
Shariah Status
Shariah Compliant
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Last screened 3 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%
18.0%
Pass
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%
7.6%
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%
1.0%
Pass
Why Shariah Compliant
Jindal Stainless Ltd. currently screens as Shariah compliant on BarakFi. All required checks pass with current data.
Market Data
Current Price
₹681.65
Day Range
₹662.9 – ₹689.85
52-Week Range
₹650 – ₹884
Volume
10.6 L
Market Cap
₹56,165 Cr
P/E Ratio
—
About Jindal Stainless Ltd.

Jindal Stainless Ltd. operates as a holding company, which engages in the provision of stainless steel flat product. The company is headquartered in New Delhi, Delhi and currently employs 4,688 full-time employees. The company went IPO on 2003-11-17. The company is focused on manufacturing stainless steel in India. The company offers a range of stainless-steel products in 200 series, 300 series, 400 series and duplex stainless-steel grades. Its products include slabs, hot rolled coils, cold rolled coils, plates and grades. The company offers its services to the applications, such as architecture, buildings, and construction, automotive and transport, railway, consumer durables, process industry, plumbing, coin blanks, nuclear applications and precision strip and blade steel. The company operates a stainless-steel plant at Jaipur, Odisha with a capacity of 1.1 million tons per annum spread across approximately 800 acres. The company has a diverse product portfolio comprising approximately 120 grades and a distribution network with service centers in the domestic and international markets. The Company, through its subsidiary, Jindal United Steel Limited, operates Hot Strip Mill, located in Jajpur, Odisha.

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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TATASTEEL
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HINDZINC
Hindustan Zinc Ltd.
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Key Compliance Ratios
Debt Ratio18.0%
Interest Income0.0%
Non-permissible IncomeNot detected
Receivables Ratio7.6%
Overall StatusCompliant
Stock Information
TickerJSL
ExchangeNSE
SectorMetals & Mining
CountryIndia
Market Cap₹56,165 Cr
36M Avg MCap₹59,688 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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