Is Electrical Industries Company (1303) halal?
Electrical Industries Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 0.9% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.2% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 0.9% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 0.2% | < 5% | Within limit |
Purification
Even a compliant company earns a little interest. About 0.2% of Electrical Industries Company's revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 0.2% of each dividend. Open the full analysis for the amount per share.
About Electrical Industries Company
Electrical Industries Company is a Saudi Arabia-based manufacturer and supplier of electrical equipment for power distribution and industrial applications. Headquartered in Dammam, it focuses on transformers, compact and package substations, and low, medium, and high voltage equipment used across commercial, residential, and industrial sectors. The company’s product portfolio includes power and distribution transformers, pole and pad-mounted units, slim transformers,…
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Frequently asked questions
Is Electrical Industries Company (1303) halal?
Electrical Industries Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 0.9% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.2% of revenue (limit 5%).
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 Electrical Industries Company's dividends should be purified?
About 0.2% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.
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 2026-09-17.