Is Axis Bank (AXISBANK) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Regional | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 47.5% | |
| Net Margin | 34.2% | |
| Return on Equity (ROE) | 13.6% | |
| Return on Assets (ROA) | 1.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $443.8B |
| Free Cash Flow | $419.4B |
| Total Debt | $2.2T |
| Total Assets | $16.6T |
Price & Trading
| Last Close | INR 1,222.10 |
| 50-Day MA | INR 1,310.52 |
| 200-Day MA | INR 1,213.33 |
| Avg Volume | 6.7M |
| Beta | 0.3 |
|
52-Week Range
INR 1,032.35
| |
About Axis Bank (AXISBANK)
Axis Bank Limited provides various financial products and services in India and internationally. The company operates through four segments: Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. It provides fixed, recurring, and safe deposits; and saving, salary, current, safe custody, pension disbursement, and demat and trading accounts. The company also offers home, personal, business, car, two-wheeler, commercial vehicle construction equipment, education, gold, trade, and supply chain loans, as well as loans against securities, fixed deposits, properties, and credit cards; and overdrafts. In addition, it provides credit and debit cards; mutual and debt funds; governmental investment products, such as public provident fund, floating rate saving bonds, and national pension system; digital gold and sovereign gold bonds; digital rupee; insurance services, such as life, general, and health insurance; and various forex products and services. Further, the company offers phone, digital, and mobile banking services, as well as ATM services. Additionally, it provides equity, derivative trading, central funding unit, financial and corporate advisory, NRI, para banking, placements and syndication, project appraisal, capital market, and cash management services. The company was formerly known as UTI Bank Limited and changed its name to Axis Bank Limited in July 2007. Axis Bank Limited was incorporated in 1993 and is headquartered in Mumbai, India.
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Frequently Asked Questions
Is Axis Bank (AXISBANK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Axis Bank is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Axis Bank's debt ratio?
Axis Bank's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Axis Bank's key financial metrics?
Axis Bank has a market capitalization of $3.7T, trailing P/E ratio of 14.3, and revenue of $848.9B. Return on equity stands at 13.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.