Is National Industrialization Company (2060) halal?
National Industrialization Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 92.2% of market capitalisation (limit 30%); non-permissible (interest) income is 0% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 92.2% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0% | < 5% | Within limit |
About National Industrialization Company
National Industrialization Company is a diversified industrial firm based in Saudi Arabia. Primarily functioning in the manufacturing and industrial sector, it plays a vital role in the country's economy through its production activities. Known for its involvement in petrochemicals, the company has expanded its portfolio to include metals, chemicals, and engineering industries, illustrating its wide industrial reach. As an integrated company, it not only produces raw…
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Frequently asked questions
Is National Industrialization Company (2060) halal?
National Industrialization Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 92.2% of market capitalisation (limit 30%); 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 National Industrialization 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.