Is AVENUESAI LIMITED Halal & Shariah Compliant?
Shariah Screening Verdict
FINANCIAL DATA UPDATE IN PROGRESS ā¢ CCAVENUE.NS
Processing financial disclosures
LIVE REFRESH INCOMPLETE ā¢ CCAVENUE.NS
Complete audited financial data could not be verified
Stage 1: Business Activity (Sector/Industry level Classification)
Belongs to Finance āŗ Financial Technology (Fintech). Prohibited (HARAM) business activity under Shariah standards.
Fiqh & Shariah Ruling: Conventional stock broking and asset management institutions offer interest-bearing margin trade facilities (MTF), derivatives/options facilitation (Gharar), fixed-income debt scheme management, and underwriting of interest-bearing instruments. Fees and revenues derived from these non-compliant operations render their business model non-compliant.
AAOIFI Shariah Standard No. 21 (Investment Funds & Equity Screenings) & DJIM Methodology
Stage 2: Financial Ratios
“Mene isme invest kiya tha tab halal tah ab kaya kare”
“AvenuesAI Limited (pehle Infibeam Avenues Limited) Company kaam: AI-native transaction infrastructure platform. Payments, merchant workflows, consumer/enterp...”
“AvenuesAI Limited (pehle Infibeam Avenues Limited) Company kaam: AI-native transaction infrastructure platform. Payments, merchant workflows, consumer/enterprise platforms aur AI intelligence. Businesses FY26: 2. Ā· Payment Business: 97.20% revenue. Ā· E-Commerce Platform Business: 2.80% revenue. Total revenue: ā¹81,158.51 million. Shuru se 2026 tak main changes: Ā· 2000-05: CCAvenue launch, India ka pehla retail payment gateway. Ā· 2006-10: PCI-DSS, MasterCard, Amex, enterprise e-commerce platform. Ā· 2011-15: RuPay online, social media payments, cross-border infrastructure. Ā· 2016-20: NSE/BSE listing, bill payments, B2B, UAE/Oman, GeM contract. Ā· 2021-23: Card tokenisation, Pin-on-Glass/SoftPOS. Ā· 2024-25: AI, Rediff, RediffPay, RediffOne, Smart SoundBox, TapPay. Ā· 30 Sep 2025: Platform business Rediff ko ā¹800.39 crore mein slump sale; Rediff stake 82.66%. Ā· 27 Oct 2025: PPI in-principle approval. Ā· 17 Nov 2025: RBI Offline Payment Aggregator authorisation. Ā· 20 Jan 2026: Naam AvenuesAI Limited. Ā· FY26: PayCentral.ai, CommerceAI launch; ā¹700 crore Rights Issue; RediffPay CUG testing. Ā· FY26 ke baad: Nuermond Technologies 100% wholly owned subsidiary.”
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Ratio Definitions & Logic
Ratio 1 ā Interest-Bearing Debt / Total Assets
Formula: (Funded Interest-Bearing Debt Ć· Total Assets) Ć 100. Total Debt strictly comprises funded interest-bearing bank borrowings (short-term working capital credit facilities and long-term term loans, credit lines, bonds, debentures, and commercial paper). Operating lease liabilities (Ind AS 116 / Ijarah store, shop, and warehouse rental contracts) are operational usufruct rentals, not Riba-bearing loans, and are strictly excluded from interest-bearing debt per leading national and international Shariah advisory standards. The standard screening threshold limit must be strictly less than 33.00%.
Ratio 2 ā Impermissible Income / Revenue
Formula: (Bank Deposits & FDs + Bonds & Debt Securities + Other Impure Income) Ć· Total Revenue Ć 100. Includes all interest earned by the company (from bank fixed deposits, savings balances, debt instruments, and debentures) along with unpurified non-operating returns inspected directly from financial statement notes to accounts (Note 30 / 35). Pure operational revenue is strictly segregated from non-operating returns. The standard screening threshold limit must be strictly less than or equal to 5.00% per leading national and international Shariah advisory standards.
Ratio 3 ā Liquid Assets / Total Assets
Formula: Total Liquid Assets Ć· Total Assets Ć 100. Total Liquid Assets equals Cash & Bank Balances + Short-Term Current Investments + Trade Receivables (Sundry Debtors). The screening threshold limit must be strictly less than 90.00%.
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Dividend Purification Calculator
CCAVENUE.NS ā¢ AVENUESAI LIMITED
Is company ke official financial disclosures me 0.00% impure income report hui hai. Iska matlab aapka poora dividend 100% halal aur paak hai ā koi purification raqam nikalne ki zaroorat nahi hai.
Shariah scholars (AAOIFI standards ke tahat) ihtiyat (precaution) ke taur par impure income ka 2x (double) hissa charity mein dene ka mashwara dete hain, taaki bank float, transit interest ya delayed accounting adjustments ka shubha khatam ho sake.
ā ļø Zaroori baat: Is raqam ko bagair sawab ki niyat ke welfare/sadqah mein dena hota hai kyunki iska maqsad sawab nahi balki apne bache hue maalam ko haraam/shubhe se paak karna hai.