What is MakeMyTrip Limited's Shariah compliance score?

MakeMyTrip Limited (MMYT) has a Shariah compliance score of 38/100 (Grade: C-, Borderline) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does MakeMyTrip Limited pass AAOIFI screening?

MakeMyTrip Limited (MMYT) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (MMYT: 26.6%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for MakeMyTrip Limited stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for MakeMyTrip Limited (MMYT) using the latest financial data.

Where can I screen MakeMyTrip Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MakeMyTrip Limited (MMYT) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MMYT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MMYT: Is MakeMyTrip Limited Halal?

MakeMyTrip Limited

NASDAQConsumer CyclicalIN

$61.41

+0.82%

Market Cap: 5.8B

Compliance Status

Doubtful

Screened on Sep 2, 2026 · AAOIFI Standard 21

C-

Borderline

38Score

Is MakeMyTrip Limited (MMYT) halal? Doubtful. Based on AAOIFI screening, MakeMyTrip Limited passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 38/100 (Grade: C-).

Quote this verdict

HalalScreener rates MakeMyTrip Limited (MMYT) Doubtful, 38/100, grade C- under AAOIFI Standard 21, screened Sep 2, 2026. Source: https://halalscreener.app/en/stock/MMYT

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

26.6% of 30.0% limit

What this means for you

You may own MMYT, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened MMYT's prohibited income, but the exact share you would need to purify is part of Pro.

About MakeMyTrip Limited

MakeMyTrip Limited operates as a prominent online travel platform, offering a wide array of travel products and solutions across an extensive global footprint, including India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. Its operations are strategically divided into three key segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The company provides a comprehensive suite of services, encompassing airline reservations, hotel accommodations, complete travel packages, train and bus tickets, and car rentals. Beyond these core offerings, it also addresses supplementary travel needs such as visa assistance and arranging travel insurance. Travelers can seamlessly research, plan, reserve, and purchase these services and products through MakeMyTrip's diverse digital and traditional channels. These include its popular web portals like makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae, alongside its mobile application, dedicated call centers, physical travel stores, and an expansive network of travel agents. As of March 31, 2022, MakeMyTrip further extended its reach with approximately 125 franchisee-owned travel outlets. The company caters to a broad clientele, serving both individual vacationers and business clients. Established in 2000, MakeMyTrip Limited maintains its headquarters in Gurugram, India.

Sector: Consumer Cyclical · Industry: Travel Services

Why This Stock Is Doubtful

Debt is 26.6% of market cap, only 3.4 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 2, 2026

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)

3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

•Travel Services: estimated 3.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Compliance History

Doubtfulnow
since Sep 2026
Halal
until the change above
Doubtful
until the change above
Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2026Data source: FMP

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Frequently Asked Questions

Is MakeMyTrip Limited (MMYT) halal to invest in?

MakeMyTrip Limited (MMYT) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did MakeMyTrip Limited get a C- compliance rating?

MakeMyTrip Limited (MMYT) received a grade of C- (Borderline) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change MakeMyTrip Limited's Shariah verdict?

MakeMyTrip Limited's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is MakeMyTrip Limited re-screened for Shariah compliance?

MakeMyTrip Limited (MMYT) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Sep 2, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.