Is Reliance Industries (RELIANCE) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 19.4% / 30% | 12.6% / 30% | 2.2% / 30% | 1.29% / 5% | ✓ HALAL |
| DJIM | 19.4% / 33% | 12.6% / 33% | 2.2% / 33% | 1.29% / 5% | ✓ HALAL |
| MSCI | 19.0% / 33% | 12.2% / 33% | 2.2% / 33% | 1.29% / 5% | ✓ HALAL |
| S&P | 19.4% / 33% | 12.6% / 33% | 2.2% / 33% | 1.29% / 5% | ✓ HALAL |
| FTSE | 19.0% / 33% | 12.2% / 33% | 2.2% / 50% | 1.29% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 35.8% | |
| Operating Margin | 11.9% | |
| Net Margin | 8.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.8T |
| Free Cash Flow | $387.4B |
| Total Debt | $3.7T |
| Debt-to-Equity | 35.7 |
| Total Assets | $19.5T |
Price & Trading
| Last Close | INR 1,413.10 |
| 50-Day MA | INR 1,407.02 |
| 200-Day MA | INR 1,446.66 |
| Avg Volume | 13.9M |
| Beta | 0.2 |
|
52-Week Range
INR 1,114.85
| |
About Reliance Industries (RELIANCE)
Reliance Industries Limited engages in the hydrocarbon exploration and production, oil and chemicals, retail, and digital service businesses worldwide. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company offers refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulphur, and petroleum coke. It also provides polymers, including high-density and low-density polyethylene (PE), linear low-density PE, homopolymer, random and impact copolymer, and polyvinyl chloride; fibre intermediates, such as purified terephthalic acid, and ethylene glycols and oxide; aromatics, such as paraxylene, ortho xylene, benzene, and linear alkyl benzene and paraffin; and textiles comprising fabrics, apparel, and auto furnishings. In addition, the company offers elastomers, such as polybutadiene rubber, styrene butadiene rubber, and butyl rubber; fibre and yarn polyesters; and bioenergy solutions, consisting of compressed biogas, and pellets and briquettes. Further, it engages in oil and gas exploration and production activities; and operates various stores comprising supermarket, hypermarket, wholesale cash and carry, specialty, and online stores, as well as stores that offer apparel, beauty and cosmetics, accessories, footwear, consumer electronics, and others. Additionally, the company operates media and entertainment platforms, and Network18 and television channels; publishes magazines; and offers highway hospitality and fleet management services. It also provides digital services, including connectivity, fibre, mobile devices, apps, business, and other digital solutions. The company was founded in 1957 and is based in Mumbai, India.
Purification Calculator
As a halal stock with 1.29% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Reliance Industries (RELIANCE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Reliance Industries is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Reliance Industries's debt ratio?
Reliance Industries's debt ratio is 19.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 19.0%.
Does Reliance Industries require dividend purification?
Yes, Reliance Industries has an impermissible income ratio of 1.29%, which means 1.29% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Reliance Industries's key financial metrics?
Reliance Industries has a market capitalization of $18.2T, trailing P/E ratio of 21.9, and revenue of $9.6T. The company maintains a gross margin of 35.8% and a net margin of 8.1%.
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.