Is RELIANCE.NS (Reliance Industries (India)) halal?

Q: Is RELIANCE.NS (Reliance Industries (India)) halal?

DOUBTFUL: Indian conglomerate — oil refining and retail with mixed revenue. Reliance operates oil refineries, telecom (Jio), and retail stores. Core oil and telecom are permissible. Retail stores sell some alcohol. Financial services arm raises concerns.

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RELIANCE.NS

Reliance Industries (India)

DOUBTFUL

Score: 58/100

stock

Is RELIANCE.NS Halal?

Indian conglomerate — oil refining and retail with mixed revenue.

What You Should Know

Reliance operates oil refineries, telecom (Jio), and retail stores. Core oil and telecom are permissible. Retail stores sell some alcohol. Financial services arm raises concerns.

⚠️ Concerns

•Reliance Retail sells alcohol
•Jio Financial Services (interest)
•Moderate debt

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