Is Bank Al-Jazira (1020) halal?

Bank Al-Jazira is compliant on business activity: it is an Islamic bank, so the debt and interest-income ratios that apply to ordinary companies are not used.

About Bank Al-Jazira

Bank Aljazira is a Saudi joint stock bank that provides Shariah-compliant banking products and services. Headquartered in Jeddah and founded in 1975, the bank focuses on Islamic finance solutions across multiple customer segments. Its personal banking division offers current and savings accounts, Islamic financing for homes, cars, and personal needs, as well as credit cards and investment products tailored to individuals. The corporate banking segment serves large…

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Frequently asked questions

Is Bank Al-Jazira (1020) halal?

Bank Al-Jazira is compliant on business activity: it is an Islamic bank, so the debt and interest-income ratios that apply to ordinary companies are not used.

What makes a stock halal or haram?

Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.

How much of Bank Al-Jazira's dividends should be purified?

Sanad does not show a purification percentage for this company because its interest income is not reported or it is not a compliant company.

How often is this updated?

Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.