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Is Almarai (2280) halal?

Saudi Exchange (Tadawul) · Consumer Staples — Food & Dairy
Not compliant

Almarai is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 31% of market capitalisation (limit 30%); non-permissible (interest) income is 0% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation31%< 30%Over limit
Non-permissible income ÷ revenue0%< 5%Within limit

A ratio at or above 30% (debt) or 5% (income) fails. A debt ratio of 27–30% or an income ratio of 4–5% is marked "close to limit" and makes the company questionable.

About Almarai

Almarai Co. Ltd. is one of the largest integrated consumer food production and distribution companies in the Middle East. It is primarily known for producing a wide range of dairy products, beverages, and bakery items. Almarai's primary function is to provide high-quality and diverse food products to meet the demands of consumers in the region. The company operates across various segments including fresh dairy products, juices, bakery goods, poultry, and infant nutrition,…

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Frequently asked questions

Is Almarai (2280) halal?

Almarai is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 31% 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 Almarai'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.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-16). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.