Is Saudi Pharmaceutical Industries and Medical Appliances Corporation (2070) halal?
Saudi Pharmaceutical Industries and Medical Appliances Corporation is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 39.6% of market capitalisation (limit 30%); non-permissible (interest) income is 0.8% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 39.6% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0.8% | < 5% | Within limit |
About Saudi Pharmaceutical Industries and Medical Appliances Corporation
Saudi Pharmaceutical Industries and Medical Appliances Corporation is a key player in the healthcare and pharmaceutical sector in Saudi Arabia, specializing in the manufacturing and distribution of a broad range of pharmaceutical products and medical devices. The company's primary function is to develop high-quality healthcare solutions, contributing significantly to the improvement of medical services and pharmaceutical availability in the region. It is involved in the…
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Frequently asked questions
Is Saudi Pharmaceutical Industries and Medical Appliances Corporation (2070) halal?
Saudi Pharmaceutical Industries and Medical Appliances Corporation is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 39.6% of market capitalisation (limit 30%); non-permissible (interest) income is 0.8% 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 Saudi Pharmaceutical Industries and Medical Appliances Corporation's dividends should be purified?
About 0.8% 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.