Is Embassy Developments (EMBDL.NS) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Embassy Developments (EMBDL.NS) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The interest-bearing debt test couldn’t be settled: No market value was available. We show this as Needs Review rather than guess. Last checked 30 September 2026.
Embassy Developments 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% | — | Review |
| Cash and interest-bearing investments | 30% | — | Review |
| Prohibited income | 5% | 3.77% | Pass |
| Not just cash and debts | 90% | 2.75% | Pass |
Key Findings & Observations
- The interest-bearing debt test couldn’t be settled: No market value was available.Source: AAOIFI Shari'ah Standard 21
- The cash and interest-bearing investments test couldn’t be settled: No market value was available.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Embassy Developments Limited (EMBDL.NS)
Is Embassy Developments (EMBDL.NS) stock halal?▾
Not settled. Embassy Developments (EMBDL.NS) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The interest-bearing debt test couldn’t be settled: No market value was available. We show this as Needs Review rather than guess. Last checked 30 September 2026.
What is Embassy Developments'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. Embassy Developments's debt figure could not be confirmed from its latest annual report, so this test needs review.
How much dividend purification is required for Embassy Developments (EMBDL.NS) stock?▾
Under AAOIFI Shari’ah Standard 21, shareholders should give away the part of their income that comes from prohibited sources. The amount goes to charity, without counting it as one's own donation.
Does Embassy Developments 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. Embassy Developments'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.
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