Screening rules
Why it screened this way
✗
Debt is 80.3% of 36m avg market cap, exceeding the 33% threshold set by S&P.
✗
Debt is 72.3% of current market cap, exceeding the 33% threshold.
LSEUtilitiesIndia
National Grid plc
Non-Compliant₹1,323
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₹65,770
Revenue₹18,378
Total Debt₹47,539
Debt / Mcap80.31%
Non-Halal Income2.43%
SectorUtilities
Price Chart
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Multi-Methodology Screening
Screened against 4 international Shariah standards
ConsensusNon-Compliant0/4 pass
S&P Shariah IndicesNon-Compliant
Debt Ratio80.3%/ 33.0%
Non-Halal Income2.4%/ 5.0%
Interest Income2.4%/ 5.0%
Receivables4.6%/ 33.0%
Cash & IB Securities6.5%/ 33.0%
SectorAllowed
Debt is 80.3% of 36m avg market cap, exceeding the 33% threshold set by S&P.
Debt is 72.3% of current market cap, exceeding the 33% threshold.
AAOIFI StandardsNon-Compliant
Debt Ratio44.5%/ 30.0%
Non-Halal Income2.4%/ 5.0%
Interest Income2.4%/ 5.0%
Receivables2.9%/ 49.0%
Cash & IB Securities6.5%/ 30.0%
SectorAllowed
Debt is 44.5% of total assets, exceeding the 30% threshold set by AAOIFI.
Debt is 44.5% of current total assets, exceeding the 30% threshold.
FTSE Yasaar (Maxis)Non-Compliant
Debt Ratio44.5%/ 33.0%
Non-Halal Income2.4%/ 5.0%
Interest Income2.4%/ 5.0%
Receivables2.9%/ 50.0%
Cash & IB Securities6.5%/ 33.0%
SectorAllowed
Debt is 44.5% of total assets, exceeding the 33% threshold set by FTSE.
Debt is 44.5% of current total assets, exceeding the 33% threshold.
Khatkhatay Independent NormsNon-Compliant
Debt Ratio44.5%/ 25.0%
Non-Halal Income2.4%/ 5.0%
Interest Income2.4%/ 5.0%
Receivables2.9%/ 100.0%
Cash & IB Securities6.5%/ 10.0%
SectorAllowed
Debt is 44.5% of total assets, exceeding the 25% threshold set by Independent.
Debt is 44.5% of current total assets, exceeding the 25% threshold.
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
80.31%Current debt
72.28%Income purity
2.43%Interest earned
2.43%Similar stocks
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