Is One97 Communications (PAYTM.NS) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. One97 Communications (PAYTM.NS) does not pass the AAOIFI Shari’ah Standard 21 screen. Prohibited income, interest included, is 9.5% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4). Last checked 21 September 2026.
One97 Communications is not compliant 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% | 0.28% | Pass |
| Cash and interest-bearing investments | 30% | 16.77% | Pass |
| Prohibited income | 5% | 9.48% | Fail |
| Not just cash and debts | 90% | 46.87% | Pass |
Key Findings & Observations
- Prohibited income, interest included, is 9.5% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4).Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about One97 Communications Limited (PAYTM.NS)
Is One97 Communications (PAYTM.NS) stock halal?▾
No. One97 Communications (PAYTM.NS) does not pass the AAOIFI Shari’ah Standard 21 screen. Prohibited income, interest included, is 9.5% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4). Last checked 21 September 2026.
What is One97 Communications'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. One97 Communications's ratio is about 0.3%.
How much dividend purification is required for One97 Communications (PAYTM.NS) stock?▾
One97 Communications does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does One97 Communications 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. One97 Communications'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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