What is Sify Technologies Limited's Shariah compliance score?

Sify Technologies Limited's (SIFY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Sify Technologies Limited pass AAOIFI screening?

Sify Technologies Limited (SIFY) does not pass 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% (SIFY: 5094.2%), (3) interest-bearing deposits below 30% (SIFY: 489.9%), and (4) prohibited income below 5% (SIFY: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Sify Technologies Limited stock?

Sify Technologies Limited (SIFY) has a non-permissible income ratio of 0.08%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SIFY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Sify Technologies Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Sify Technologies Limited (SIFY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SIFY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SIFY: Is Sify Technologies Limited Halal?

Sify Technologies Limited

NASDAQCommunication ServicesIN

$17.24

+0.41%

Market Cap: 1.2B

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Sify Technologies Limited (SIFY) halal? Not Halal. Based on AAOIFI screening, Sify Technologies Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

5094.2% of 30.0% limit

What this means for you

Most scholars advise not holding SIFY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Sify Technologies Limited

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices. The Data Center Services segment provides co-location services; and managed data center services, such as storage and back-up management, performance monitoring, infrastructure monitoring and management, network availability, server load balancing, managed shared firewall, web server log reporting, and remote and smart hands services. The Digital Services segment offers managed network services; EDGE services; cloud and managed services including cloud and storage solutions, managed services, value added services, domestic and international managed services; and technology integration services include system integration, data centers build, network, security solutions, remote and onsite infrastructure management, managed security services, as well as sale of hardware and software. This segment also offers applications integration services, such as talent management, supply chain management, online assessment, web development, document management, content, digital signature, digital certificate-based authentication, supply chain solutions, content management, sale of digital certificates; and sale, implementation, and maintenance of industry specific applications; supply chain software, and eLearning software development services; and operates web portals. The company was formerly known as Sify Limited and changed its name to Sify Technologies Limited in October 2007. The company was incorporated in 1995 and is headquartered in Chennai, India.

Sector: Communication Services · Industry: Telecommunications Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2026Data source: FMP

Halal Alternatives in Communication Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

WSHPA+

WeShop Holdings Limited Class A Ordinary Shares

$5.39

-5.11%

RDDTA+

Reddit, Inc.

$203.27

+1.16%

GSATA+

Globalstar, Inc.

$82.64

+0.18%

METAA+

Meta Platforms, Inc.

$646.01

+1.70%

CHTA+

Chunghwa Telecom Co., Ltd.

$41.44

-0.10%

More Communication Services Stocks

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Frequently Asked Questions

Is Sify Technologies Limited (SIFY) halal to invest in?

Sify Technologies Limited (SIFY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Sify Technologies Limited get a F compliance rating?

Sify Technologies Limited (SIFY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5094.2% (limit 30%); interest-bearing deposits of 489.9% (limit 30%); prohibited income of 0.08% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Sify Technologies Limited's Shariah verdict?

Sify Technologies 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 Sify Technologies Limited re-screened for Shariah compliance?

Sify Technologies Limited (SIFY) 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: Jul 17, 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.