PHASE 1
NSE: MUTHOOTFINConsumer Finance

Muthoot Finance Limited

Industry: Gold Loans & Non-Banking Financial·Market Cap: ₹79,000 Cr
Haram
AAOIFI Standard Verdict

Is MUTHOOTFIN halal? No — This stock fails AAOIFI Shariah screening thresholds.

Reason: Primary business activity (Consumer Finance) is impermissible under Shariah guidelines

Market Valuation & Pricing

NSE Quote
Market Price
₹1,985.00
As of 7 Nov 2026
Market Capitalization
₹79,000 Cr
Used as denominator for Shariah debt & cash caps
Price-to-Earnings (P/E)
16.7x
Trailing 12-month valuation multiple
52-Week Range51% of range
Low: ₹1,607.85High: ₹2,342.30

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 filings

Financial 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 (Consumer Finance). Financial ratio testing is therefore not applicable.

Tazkiyah (Dividend Purification)

0.00% Required
0.00% purification required. According to audited filings, MUTHOOTFIN has zero reported impermissible non-core income.

Methodology Comparison

Compare standard AAOIFI vs. Tayyib Taqwa Screen:

StandardVerdictDebt RatioCash / LiquidityImpure IncomeSector Check
AAOIFI Standard
Global Islamic Benchmark (≤30% / ≤5%)
HaramPassPassPassConsumer Finance
Taqwa Mode
Strict Screen (≤20% / ≤1%)
HaramFailPassPassExcluded

Filing & Source Information

Primary SectorConsumer Finance
Sub-IndustryGold Loans & Non-Banking Financial
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 →

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