Is INDIA FUND, INC. (IFN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | -103.3% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -7.0% | |
| Return on Assets (ROA) | -0.3% |
Cash Flow & Balance Sheet
| Current Ratio | 0.4 |
| Total Assets | $779M |
Price & Trading
| Last Close | $11.08 |
| 50-Day MA | $13.07 |
| 200-Day MA | $14.56 |
| Avg Volume | 286K |
| Beta | 0.5 |
|
52-Week Range
$10.96
| |
About INDIA FUND, INC. (IFN)
Aberdeen India Fund, Inc. is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio. It benchmarks the performance of its portfolio against the IFC Investable India Index. Aberdeen India Fund, Inc. was formed on December 27, 1993 and is domiciled in the Singapore.
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Frequently Asked Questions
Is INDIA FUND, INC. (IFN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), INDIA FUND, INC. 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 INDIA FUND, INC.'s debt ratio?
INDIA FUND, INC.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are INDIA FUND, INC.'s key financial metrics?
INDIA FUND, INC. has a market capitalization of $462M, and revenue of $110M. Return on equity stands at -7.0%.
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.