Primary business test
AAOIFI Standard 21 verdict · auto-updated daily
Is RELIANCE.NS halal? AAOIFI verdict for Reliance Industries Limited
RELIANCE.NS
Reliance Industries Limited
Under AAOIFI Standard 21 as applied by invest-like.com, Reliance Industries Limited (RELIANCE.NS) is currently classified as Shariah-compliant. The stock passes the activity screen (primary business not in a prohibited category) and the financial-ratio screen (interest-bearing debt ratio below 30 percent of market cap).
Interest-bearing debt ratio: 22.2% (AAOIFI threshold: < 30%)
Test-by-test breakdown
How RELIANCE.NS performs on each of the AAOIFI Standard 21 tests applied by invest-like.com.