Is MakeMyTrip Ltd. MMYT stock halal to invest in?

No, as of August 2026, MakeMyTrip Ltd. stock (MMYT) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. MakeMyTrip Ltd. currently does not meet the threshold for the non-permissible income screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of MakeMyTrip Ltd. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is MakeMyTrip Ltd. MMYT reviewed for Shariah compliance?

Tabadulat reviews MakeMyTrip Ltd. MMYT for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for MakeMyTrip Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, MakeMyTrip Ltd. stock (MMYT) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. MakeMyTrip Ltd.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, MakeMyTrip Ltd. stock (MMYT) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). MakeMyTrip Ltd.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, MakeMyTrip Ltd. stock (MMYT) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. MakeMyTrip Ltd.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for MakeMyTrip Ltd. MMYT stock?

MakeMyTrip Ltd. (MMYT) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If MakeMyTrip Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Preference Share screen?

Yes, as of August 2026, MakeMyTrip Ltd. stock (MMYT) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. MakeMyTrip Ltd. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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MakeMyTrip Ltd.

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MMYT

About

MakeMyTrip Ltd.

MMYT

MakeMyTrip Limited is a leading online travel company headquartered in Gurgaon, India, that provides a comprehensive range of travel services for consumers. Its primary function is to offer a seamless platform for booking travel-related services, catering to both leisure and business travelers. MakeMyTrip provides an extensive array of travel solutions, including domestic and international flight bookings, hotel reservations, holiday packages, and rail and bus tickets. It also offers ancillary services such as cab rentals and activity bookings, enhancing the travel experience. Operating in one of the world's fastest-growing travel markets, MakeMyTrip plays a crucial role in transforming the travel industry in India by leveraging technology to provide users with convenient and efficient travel planning options. The company significantly impacts the travel and tourism sector, working with airlines, hotels, and other service providers to streamline bookings and improve customer satisfaction. As an early pioneer in the online travel agency space in India, MakeMyTrip has grown into a key player, paving the way for digital transformation in the travel industry.

Sector:

Consumer Cyclical

Industry:

Travel Services

Employees:

5122

Website:

https://www.makemytrip.com

MMYT

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MakeMyTrip Ltd.

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MakeMyTrip Ltd.

MMYT

Frequently asked questions

Is MakeMyTrip Ltd. MMYT stock halal to invest in?

How often is MakeMyTrip Ltd. MMYT reviewed for Shariah compliance?

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Non Permissible Income criteria?

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Interest Bearing Investments criteria?

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for MakeMyTrip Ltd. MMYT stock?

Does MakeMyTrip Ltd. MMYT pass the AAOIFI Preference Share screen?

Can I buy MakeMyTrip (MMYT) stock on Tabadulat?

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