Is Sapphire Foods India (SAPPHIRE.BO) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Sapphire Foods India (SAPPHIRE.BO) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Restaurants”) 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.
Sapphire Foods India 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% | 16.04% | Pass |
| Cash and interest-bearing investments | 30% | 1.60% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 5.41% | Pass |
Key Findings & Observations
- Companies in its industry (Yahoo industry “Restaurants”) usually sell alcohol. It doesn’t report how much of its revenue that is.Source: Business check
- Companies in its industry (Yahoo industry “Restaurants”) usually sell pork. 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 and pork isn’t reported.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Sapphire Foods India Limited (SAPPHIRE.BO)
Is Sapphire Foods India (SAPPHIRE.BO) stock halal?▾
Not settled. Sapphire Foods India (SAPPHIRE.BO) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Restaurants”) 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 Sapphire Foods India'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. Sapphire Foods India's ratio is about 16.0%.
How much dividend purification is required for Sapphire Foods India (SAPPHIRE.BO) stock?▾
No purification is required for Sapphire Foods India based on its latest annual report.
Does Sapphire Foods India 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. Sapphire Foods India'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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