Islamic Search Engine : Sharia Complaint

There are so many areas in day-to-day sphere where Islamic law applies to people of muslim community. So many restaurants,banks, funds, etc caters to this specific need.

Here is a small list

Islamic Restaurants which serves halal meat.



Islamic Banks-system of banking or banking activity that is consistent with the principles of Islamic law (Sharia)


Islamic Mutual Funds- Funds which invest in companies that operate according to Islamic Sharia principle.


Islamic Index. - Index of stocks of companies compliance with Sharia law.


Screening removes companies involved in such products alcohol, pork-related products, conventional financial services (e.g. banks and insurance companies), entertainment (e.g. hotels, casinos, gambling etc.), tobacco, and weapons and defense. A second level of DJIM(Dow Jones Islamic) screening based on financial ratios, is intended to remove companies based on debt and interest income levels in their balance sheets.


Islamic law is now the most widely used religious law, and one of the three most common legal systems of the world alongside common law and civil law

Now comes Islamic Search Engine -ImHalal.com The world's first search engine which will help muslims safely surf the web without embarrasment of viewing explicit or sexual content.
This is really a unique idea and can be used by people of other faith and by childrens.

Moser Baer Updates

Moser Baer will be soon reaching around Rs100. Its fair value is much higher and this stock has not participated during current rally. So even if market looks streched now and when we are confused which stock to buy now or where to invest. Moser baer is a good fruit in your investment basket.


Couple of things which are needed to be highlighted for reaching it`s hidden value.

1. Entertaiment bussiness is growing very rapidly. Movies,DVD, Super DVD


2. New product range launched in storage devices. Blue Ray, CDs and DVDs


3. Consumer electronics range is set to provide a good topline. Monitor,Music Players, Headphones, LCD TVs etc.


4. Photovoltaic is expected to come in limelight again since crude is expected to go higher. Solar plants coming across india by them.


5. Govt projects and green energy revolution will help alternate energy.


Stock is infact in the eyes of FIIs and DIIs. It is just waiting at the sidelines now.

OIL India IPO : Invest or Avoid

OIL India is country's second largest oil producer after ONGC. Crisil has graded the IPO 4/5 which is above average. Please note that Adani and NHPC were 3/5.

Issue Opens  --September 07, 2009
Issue Closes --September 10, 2009
Issue Type   --100% Book Building
Issue Size  --26,449,982 equity shares
Price Band --Rs. 950- Rs 1050
Face Value --Rs. 10.00
Lot Size --6 shares

On the BID Closing Date i.e. September 10, 2009 the BIDs would be accepted till 03:00 p.m. Only.


OIL India IPO is not aggresively priced and is available at PE of around 10-11.

So we can expect some initial gains from the IPO but over the long term OIL India doesn't look promising.

Some of the key risks to its business are :-

1. Since it is PSU it is sharing the burden of subsidies. If the OIL prices increases a lot then share of burden will also increase and profits will always depends on the vagaries of the crude prices and govt policies.

2. 95% of the oil and gas comes from North East states which is sensitive zones based on environment and conflicts in the region.

3. Most of the wells are old so the output in the future will steadily decrease from these basins.

4. It doesn't have any significant acreage to increase its production capacity beyond North-East and hence profits.

5. It is fighting lot of court cases on environmental issues.

6. Apart from ONGC now it faces still competition from lot of other private players who have entered Exploration and extraction business like RIL,Cairn, British Petroleum, Niko resource etc.

So I think that though from IPO perspective this stock might be good, for long term probably it can given steady return in terms of dividend(being PSU) and small increase in stock price. This can't be termed as multibaggar or high growth stock.

Moser Baer : Good Long term Bet

Moser Baer is going to develop 1 Mega Watt solar farm project in Maharashtra.



Got awarded EPC contract to develop one of India's largest indigenous solar power projects.


The solar farm in Chandrapur will be one of the largest in the world using thin film solar modules.


Moser Baer is also going to set up India's largest grid connected Solar farm in Rajasthan

It is heartening that solar energy is being seen as an affordable source of energy in India and Moser Baer has been instrumental in bringing about this change.

Other  similar post