Is OIL AND NATURAL GAS CORP. Halal & Shariah Compliant?
Shariah Screening Verdict
FINANCIAL DATA UPDATE IN PROGRESS ā¢ ONGC.NS
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Stage 1: Business Activity (Sector/Industry level Classification)
Core business activity is screened at the industry level; users are advised to verify company-specific revenue segments.
Stage 2: Financial Ratios
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“STAGE 1 : ONGC ke shares me sarmayakahari (investment) karna Shariah ke usoolon ke mutabik Jayaz (Halal) maloom hota hai, kyunke:Iska asal karobar qudrati taw...”
“STAGE 1 : ONGC ke shares me sarmayakahari (investment) karna Shariah ke usoolon ke mutabik Jayaz (Halal) maloom hota hai, kyunke:Iska asal karobar qudrati tawanai (energy resources) hai jo ke halal hai.Iska soodi qarz (borrowings) tay-shuda limit se bohot kam hai. Quran Se Daleel: Allah Ta'ala ka irshad hai:"Wahuwal lazee sakh khara lakumul bahra lita'kulu minhu lahman tariyya..."Tarjuma: "Aur wahi hai jisne samundar ko tumhare liye musakhkhar (control me) kiya taake tum usse taza gosht khao aur usse apne pahan-ne ke zewarat (aur qeemti cheezein) nikalo." (Surah An-Nahl, Ayat: 14) Hadees Se Daleel: Fiqh ka ek buniyadi usool hai ke duniya ki tammam pak cheezein insaan ke liye halal hain jab tak unki mumanat (prohibition) ki koi daleel na ho. Rasoolullah ļ·ŗ ne farmaya:"Allah ne jo apni Kitaab me halal kiya woh halal hai, aur jo haram kiya woh haram hai, aur jis se khamoshi ikhtiyar farmayi woh tumhare liye muafi (yani jayaz) hai." (Sunan At-Tirmidhi) STAGE 2 : SEGMENTWISE REVENUE Refining & Marketing: ~88.2% of consolidated revenue (driven by downstream subsidiaries like HPCL and MRPL). Exploration & Production (E&P) ā Domestic (Offshore & Onshore Combined): ~13.9% of consolidated revenue (representing upstream crude oil and natural gas production). Offshore E&P fields (such as Mumbai High) comprise the heavy majority of this upstream share. Onshore E&P operations account for the remainder of the domestic upstream share. International Operations & Other Segments (including Petrochemicals, Drilling Services, and Alternate Energy): ~1.3% combined remaining share of the consolidated top-line revenue”
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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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Shariah compliance verdicts strictly evaluate official annual audited financial statements filed within 3 years of the current date.
Evaluated on group consolidated financial statements covering the parent entity and all active operating subsidiaries.
Verified Financial Disclosures: Financial figures extracted from available financial disclosures and validated against reporting-period and audit-status requirements.
Dividend Purification Calculator
ONGC.NS ā¢ OIL AND NATURAL GAS CORP.
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.
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