BAJAJFINSV
Bajaj Finserv
Is BAJAJFINSV Halal?
Financial services company — riba-based lending.
What You Should Know
Bajaj Finserv's audited FY2025-26 consolidated results report ₹758,497.54 crore of assets, ₹428,247.53 crore of finance-company funding, ₹17,618.04 crore of cash and bank balances, ₹193,996.74 crore of shareholder and policyholder investments, ₹500,015.97 crore of loans and ₹150,530.38 crore of total income. Interest income was ₹79,955.95 crore, approximately 53.12% of total income, confirming the riba-based lending model; the funding and loan proxies are finance-company measures rather than a non-financial-company debt definition.
⚠️ Concerns
- •Riba-based lending
- •Interest income is 53.12% of total income
- •Loans plus cash/assets is 68.24% under the illustrative total-assets proxy
- •Insurance contracts and investment portfolios raise separate gharar and riba concerns
Current quantitative Sharia screen
Based on audited-annual-results figures for the period ended 2026-03-31; calculated 2026-07-15.
428,247.53 / 758,497.54
211,614.78 / 758,497.54
517,634.01 / 758,497.54
79,955.95 / 150,530.38
- Financial
- Fails
- Overall
- Fails
Finance-company funding is 56.46% of assets, liquidity/assets is 27.90%, loans-plus-cash/assets is 68.24% and interest income is 53.12%; the core business fails independently.
- Financial
- Fails
- Overall
- Fails
Loans-plus-cash/assets is 68.24%, above the examined MSCI total-assets limit, and the lending/insurance activity fails independently.
- Financial
- Fails
- Overall
- Fails
Interest income is 53.12% of total income and the finance-company activity fails independently; this is an illustrative calculation, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed market-cap series is not stored; the conventional lending and insurance activity already determines the result.
Business-activity disclosure
Bajaj Finserv's consolidated group is centered on retail financing, insurance and related financial services. Interest-based lending and conventional insurance independently fail the activity screen.
Limitation: The funding and loan proxies are presented to make the finance-company calculation reproducible; they are not a claim that a conventional finance group can pass by asset ratios.
Purification
Purification is not calculated because the core lending and conventional-insurance activities fail; interest income is evidence of failure, not a donation amount.
Inputs, assumptions and primary sources
- Amounts are INR crore from Bajaj Finserv's audited consolidated FY2025-26 results released April 30, 2026.
- Finance-company funding includes debt securities ₹186,264.24 crore, borrowings ₹170,642.53 crore, deposits ₹68,535.45 crore and subordinated liabilities ₹2,805.31 crore.
- Cash includes ₹3,598.59 crore cash and cash equivalents plus ₹14,019.45 crore other bank balances. Shareholder and policyholder investments total ₹193,996.74 crore; loans are ₹500,015.97 crore.
- Consolidated total income is ₹150,530.38 crore and disclosed interest income is ₹79,955.95 crore. The core lending and conventional-insurance activities fail independently; these figures are not a purification prescription.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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