NSE: AXISBANKBanking
Axis Bank Limited
Industry: Diversified Banks·Market Cap: ₹3.60 Lakh Cr
Haram
AAOIFI Standard Verdict
Is AXISBANK halal? No — This stock fails AAOIFI Shariah screening thresholds.
Reason: Primary business activity (Banking) is impermissible under Shariah guidelines
Market Valuation & Pricing
Market Price
₹1,162.00
As of 7 Nov 2026Market Capitalization
₹3.60 Lakh Cr
Used as denominator for Shariah debt & cash capsPrice-to-Earnings (P/E)
13.9x
Trailing 12-month valuation multiple52-Week Range51% of range
Low: ₹941.22High: ₹1,371.16
4-Quarter Shariah Compliance Trend
Illustrative trend · Based on quarterly NSE filings
Threshold Exceeded (> 30%)
Debt Ratio Track30% AAOIFI Limit
Illustrative trend · Based on quarterly NSE filingsFinancial Ratios Breakdown (AAOIFI)
Analysis of 3 core Shariah financial ratios based on audited quarterly balance sheet filings:
This stock is impermissible at the business sector level (Banking). Financial ratio testing is therefore not applicable.
Tazkiyah (Dividend Purification)
0.00% Required0.00% purification required. According to audited filings, AXISBANK has zero reported impermissible non-core income.
Methodology Comparison
Compare standard AAOIFI vs. Tayyib Taqwa Screen:
| Standard | Verdict | Debt Ratio | Cash / Liquidity | Impure Income | Sector Check |
|---|---|---|---|---|---|
AAOIFI Standard Global Islamic Benchmark (≤30% / ≤5%) | Haram | Pass | Pass | Pass | Banking |
Taqwa Mode Strict Screen (≤20% / ≤1%) | Haram | Fail | Pass | Pass | Excluded |
Filing & Source Information
Primary SectorBanking
Sub-IndustryDiversified Banks
Data Freshness7 Nov 2026
Primary SourceNSE / Yahoo Financials
Important Disclaimer: This screening is for informational purposes only and does not constitute a formal fatwa or investment recommendation. Always consult a qualified Shariah scholar and a certified financial advisor before making investment decisions. Read our full methodology →