Is SABIC (2010) halal?
SABIC is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 31.5% of market capitalisation (limit 30%); non-permissible (interest) income is 1.7% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 31.5% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 1.7% | < 5% | Within limit |
About SABIC
Saudi Basic Industries Corporation is a prominent player in the global petrochemical industry, known for its production of chemicals, fertilizers, and metals. As one of the largest companies in the Middle East, it plays a crucial role in driving economic development within Saudi Arabia and beyond. Its diverse range of products is integral to various industries, including agriculture, automotive, construction, and consumer goods. SABIC’s strategic investments in innovation…
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Frequently asked questions
Is SABIC (2010) halal?
SABIC is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 31.5% of market capitalisation (limit 30%); non-permissible (interest) income is 1.7% 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 SABIC's dividends should be purified?
About 1.7% 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 2026-09-16.