Is Steel Authority of India Ltd. (SAIL) Halal?

Steel Authority of India Ltd. (SAIL) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 45.4% exceeds limit 33.0%.

What is the dividend purification rate for SAIL?

The non-permissible dividend purification factor for Steel Authority of India Ltd. is 0.34%.

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SAIL

NSEMetals & MiningCap: ₹66501.46 Cr

Steel Authority of India Ltd.

+9.87%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Debt Ratio: 45.4% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹66501.46 Cr

P/E Ratio

11.9x

P/B Ratio

1.1x

52W High

₹209.7

52W Low

₹124

Div. Yield

146.00%

Shares O/S

413.05 Cr

Where Does the Money Come From?

Revenue breakdown for Steel Authority of India Ltd.

Core Metals & Mining OperationsPermissible Operating Activity

Permissible: Core operations in Metals & Mining.

99.7%of Total Revenue

Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)

Non-operating interest income earned from cash and fixed deposits. Requires purification.

0.3%of Total Revenue

About Steel Authority of India Ltd.

Permissible: Core operations in Metals & Mining.

Interest-Bearing Debt Ratio

45.4%Max: ≤ 33.0%

Cash & Securities Liquidity

0.14%Max: ≤ 33.0%

Impure Revenue Ratio

0.34%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Metals & Mining

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AAOIFI Verified

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HalalPurification: 1.86%

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Gravita India Ltd.

HalalPurification: 0.72%

HINDCOPPER

Hindustan Copper Ltd.

HalalPurification: 0.8%

Purification & Zakat Calculator

Calculate how much to donate for SAIL

⚠️ Note: SAIL is not Halal. The right step is to sell this stock, not just purify the dividends. Keeping a non-compliant investment is not resolved by Sadaqah.