Is Al Masane Al Kobra Mining Company (1322) halal?
Al Masane Al Kobra Mining Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 1.8% of market capitalisation (limit 30%), and non-permissible (interest) income is 0% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 1.8% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 0% | < 5% | Within limit |
About Al Masane Al Kobra Mining Company
Al Masane Al Kobra Mining Company is a prominent player in the mining sector, primarily focusing on the extraction and production of metals such as copper, zinc, and gold. As an integrated mining enterprise, it operates from exploration through to production, ensuring the efficient processing and marketing of mineral wealth. Key operations are located in the Arabian Shield in Saudi Arabia, a region known for its rich mineral deposits. The company's activities…
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Frequently asked questions
Is Al Masane Al Kobra Mining Company (1322) halal?
Al Masane Al Kobra Mining Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 1.8% of market capitalisation (limit 30%), and non-permissible (interest) income is 0% 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 Al Masane Al Kobra Mining Company'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.