Is Avenue Supermarts (DMART.BO) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Avenue Supermarts (DMART.BO) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Discount Stores”) usually sell alcohol. It doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 2 October 2026.
Avenue Supermarts needs further review under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 0.90% | Pass |
| Cash and interest-bearing investments | 30% | 0.29% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 3.11% | Pass |
Key Findings & Observations
- Companies in its industry (Yahoo industry “Discount Stores”) usually sell alcohol. It doesn’t report how much of its revenue that is.Source: Business check
- The prohibited income test couldn’t be settled: The share of revenue from alcohol isn’t reported.Source: AAOIFI Shari'ah Standard 21
Get an email when verdicts change
One email a month. No spam, unsubscribe any time.
Frequently Asked Questions about Avenue Supermarts Limited (DMART.BO)
Is Avenue Supermarts (DMART.BO) stock halal?▾
Not settled. Avenue Supermarts (DMART.BO) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Discount Stores”) usually sell alcohol. It doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 2 October 2026.
What is Avenue Supermarts's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Avenue Supermarts's ratio is about 0.9%.
How much dividend purification is required for Avenue Supermarts (DMART.BO) stock?▾
No purification is required for Avenue Supermarts based on its latest annual report.
Does Avenue Supermarts operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Avenue Supermarts's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
Other Halal & Shariah-compliant Consumer Defensive Stocks
Explore other screened equities in the Consumer Defensive sector.
Track your entire portfolio for Halal / Islamic compliance
Check whether your stocks, ETFs, and 401(k) holdings comply with AAOIFI Shari’ah Standard 21. Save stocks and keep every holding’s verdict in one place.