Is Saudi Aramco Base Oil Company (2223) halal?
Saudi Aramco Base Oil Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 4.1% 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 | 4.1% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 0% | < 5% | Within limit |
Purification
Even a compliant company earns a little interest. About 0% of Saudi Aramco Base Oil Company's revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 0% of each dividend. Open the full analysis for the amount per share.
About Saudi Aramco Base Oil Company
Saudi Aramco Base Oil Company, a leading entity in the production of high-quality base oils, plays a critical role within the global petrochemical and petroleum markets. As a subsidiary of Saudi Aramco, it focuses on the development and distribution of base oils used extensively in lubricants, which are crucial for maintaining machinery and automotive performance across various industries. The company operates within the energy sector, capitalizing on substantial oil…
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Frequently asked questions
Is Saudi Aramco Base Oil Company (2223) halal?
Saudi Aramco Base Oil Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 4.1% 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 Saudi Aramco Base Oil Company's dividends should be purified?
About 0% 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.