Is Reliance Industries Limited Sharia-compliant?
✅ Passes our AAOIFI screen
Our automated screen of available data — not a fatwa or recommendation; confirm with your own scholar. Methodology
RELIANCE.NS · Compliance score: 52/100 · AAOIFI 21
Income-purity rule not independently verified — confirm with your scholar
⚠️ Early warning: close to the limit
- One ratio is moderately close to its limit — worth watching.
- Passes our screen: business is permissible and all computable financial ratios pass.
- Non-permissible (interest) income is 1.3% of revenue, within the 5% limit.
AAOIFI financial ratios
Debt vs market cap
22.6%
limit 30%
Cash + securities vs market cap
15.7%
limit 30%
Impure income vs market cap
1.3%
limit 5%
In plain English
- ✓ Debt vs market cap is 22.6% — under the 30% limit
- ✓ Cash + securities vs market cap is 15.7% — under the 30% limit
- ✓ Impure income vs market cap is 1.3% — under the 5% limit
✓ = comfortably under the AAOIFI limit · ⚠️ = a financial ratio is approaching its AAOIFI limit (early warning) · ❌ = over the AAOIFI limit
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Dividend purification
≈ 126.0%
of any dividend should be given away (purified) — this is the estimated impure/interest portion.
Estimate only. Multiply by the dividend you actually received to get the amount to purify.
⏱️
This is a point-in-time verdict
🗓️
Checked
Compliance can change over time as a company's debt and income change. Re-check periodically.
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