Not compliant
Chellarams does not pass Shariah screening under the AAOIFI Standard.
NGX: CHELLARAM · Conglomerate · Screened 10 Aug 2026
Chellarams Plc is a Nigerian investment holding company with interests in manufacturing, retail, distribution, marketing and power generation. Chellarams started operations in 1923 and has been successfully doing business in Nigeria for over a century, building a strong nationwide trade network . It was incorporated on 13 August 1947 as a Private Limited Liability Company, became a Public Limited Liability Company on 29 November 1974, and was officially listed on the Nigerian Stock Exchange in 1978 .
Its principal activities are the trading and distribution of fast-moving consumer goods, food manufacturing ingredients, consumer durables and industrial chemicals. The group operates through subsidiaries including Chelltek Industries Limited, Dynamic Industries Limited, United Technical and Allied Services Limited and Chellarams DMK Limited, giving it positions in plastic films, after-market industrial solutions and dairy products distribution . It holds joint partnerships with American Express Travel Services, Devyani International (Nigeria) Limited, Isolo Power Gen Limited and Woolworths Retail Stores Limited .
In the year ended 31 March 2026, group revenue rose 12.5% to N25.98 billion from N23.10 billion in the prior year . By segment, Plastic Film revenue was N10.02 billion, Industrial Chemical was N9.86 billion, and Machinery was N6.11 billion . The company recorded net income of N464 million compared to a net loss of N182 million in the prior year.
Trading and distribution of FMCG, ingredients, consumer durables and industrial chemicals, alongside manufacturing subsidiaries in plastic films and industrial solutions.
No. As of 10 August 2026, Chellarams (CHELLARAM) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.