If you recently searched for Zam Zam Capital, chances are you came across phrases like “SEBI Reg. Research Analyst”, “Halal Stocks List”, or “Shariah-compliant investing.”
Naturally, that raises a few important questions.
Is Zam Zam Capital SEBI registered? What exactly do they offer?
And more importantly, how should an investor verify such claims before relying on their stock recommendations?
In today’s market, many research firms actively promote their services on Instagram and Telegram.
Some focus on aggressive trading calls. Others position themselves around ethical or thematic investing.
Zam Zam Capital presents itself as a research analyst catering to investors looking for Shariah-compliant stock ideas and subscription-based plans.
But before trusting any research analyst, whether conventional or faith-based investors should pause and verify the basics:
- Is the entity properly registered with SEBI?
- Do their public claims match official records?
- Has any regulatory action been taken against them?
In this blog, we will examine Zam Zam Capital from a regulatory and compliance perspective, not through assumptions, but through verifiable details.
What Is Zam Zam Capital?
Zam Zam Capital presents itself as a SEBI-registered Research Analyst focused on Shariah-compliant or halal stock investing in India.
From its public communication, the firm appears to provide research-based stock recommendations, a free halal stocks list, subscription-based plans, and smallcase portfolios.
Its positioning targets investors who want equity exposure while aligning their investments with Islamic finance principles.
The firm also maintains an active presence on social media platforms, where it references its regulatory status and investment approach.
On Instagram, the handle displays “SEBI Reg. Research Analyst” in the bio section and promotes halal investing themes.
Before relying on such claims, investors should carefully observe whether:
- The registration number is mentioned,
- The entity name matches official records,
- Promotional language remains within regulatory limits.
After reviewing the Instagram page, it is important to remember that social media bios can mention registration details, but investors must independently verify those details through SEBI’s official database.
The Telegram channel associated with Zam Zam Capital also references its SEBI registration and displays a registration number along with a website link and subscriber count.
When reviewing such channels, investors should check:
- Whether the registration number shown matches SEBI records,
- Whether performance claims are presented responsibly,
- Whether no guaranteed returns are promised.
Displaying a registration number publicly indicates a level of transparency.
However, investors should not rely solely on platform claims. Independent verification remains essential before making any investment decisions.
Is Zam Zam Capital SEBI Registered?
One of the first things any investor should verify is whether the entity is officially registered with SEBI in the correct category.
Zam Zam Capital publicly mentions that it is a SEBI Registered Research Analyst and displays a registration number on its platforms.
Under SEBI regulations, a Research Analyst (RA) is permitted to provide research reports and stock recommendations, subject to compliance requirements.
To verify the claim, the SEBI registration database was checked.
Before viewing the details, investors should confirm:
- The exact name of the entity
- The registration number
- The category (Research Analyst)
- Whether the status appears active
Based on the registration record displayed above, Zam Zam Capital appears listed under the Research Analyst category (subject to independent verification by investors).
It is important to understand what this means and what it does not mean.
SEBI registration confirms that the entity is recognised under a specific regulatory framework. It does not guarantee profits, ensure accuracy of recommendations, or eliminate market risk.
Investors should always match the registration number shown on social media platforms with the number displayed in the official SEBI database before relying on any advisory service.
RA Legal Operations in India
A SEBI-registered Research Analyst (RA) operates under the SEBI (Research Analysts) Regulations, 2014. These regulations clearly define what an RA is permitted to do and the compliance standards they must follow.
A registered Research Analyst can:
- Provide research reports and stock recommendations
- Charge fees as per disclosed structure
- Share analysis based on publicly available or research-backed information
- Maintain required disclosures and documentation
However, SEBI registration does not provide unlimited authority. It comes with strict boundaries and ongoing compliance obligations.
Investors should understand that registration confirms regulatory recognition, it does not guarantee profits or eliminate investment risk.
What RA Is Not Allowed to Do
Under SEBI regulations, a Research Analyst is not allowed to:
- Promise guaranteed or fixed returns
- Assure “no loss” strategies
- Manage client funds without proper Portfolio Management (PMS) registration
- Pool investor money
- Act beyond the scope of research advisory
- Mislead investors through selective profit screenshots
- Charge undisclosed or hidden fees
If any entity registered as a Research Analyst crosses these boundaries, it may amount to regulatory violation.
Understanding these distinctions helps investors evaluate any SEBI-registered entity more objectively, including Zam Zam Capital, based on legal framework rather than marketing language.
How To Report A Research Analyst In India?
If you believe a Research Analyst has violated regulations, SEBI provides formal complaint mechanisms.
Here is the structured approach:
- File a complaint on SEBI SCORES Portal
SCORES (SEBI Complaints Redress System) allows investors to lodge complaints online. - Lodge a complaint on SMART ODR
If the issue remains unresolved, the ODR mechanism can be used for dispute resolution. - Approach the Relevant Exchange (NSE/BSE)
Exchanges can also assist in resolving certain types of complaints.
Before filing a complaint, ensure you preserve:
- Payment receipts
- Bank transfer proof
- Advisory agreements
- WhatsApp chats
- Telegram messages
- Email communication
Proper documentation strengthens your case and prevents delays in the complaint process.
Need Help?
Dealing with a research analyst dispute can feel confusing. Many investors are unsure whether what happened to them is simply market risk or a regulatory violation.
Before taking any step, it is important to calmly review the facts.
We examine your documents carefully, advisory agreements, payment records, chat conversations, and performance claims, and help you understand whether the conduct falls within SEBI’s Research Analyst regulations.
Register with us and we will help you in:
- Organising your evidence properly
- Drafting a clear and structured complaint
- Submitting it through the correct regulatory channel
- Following up until the matter is addressed
- Tracking the SEBI complaint status
The goal is not to create unnecessary panic. The goal is to ensure that your rights as an investor are protected and that the correct regulatory process is followed.
Conclusion
Zam Zam Capital presents itself as a SEBI-registered Research Analyst offering Shariah-compliant stock research and subscription-based investment plans.
Its social media platforms reference its regulatory status, and the SEBI registration details appear publicly available.
At the time of review, no major public enforcement order appears in SEBI’s orders database against the entity.
However, registration does not eliminate market risk.
Investors should independently verify regulatory details, understand the scope of services permitted under the Research Analyst category, and avoid relying solely on promotional content.
In investing, verification should always come before trust.
