Is Sahara International Petrochemical Company (2310) halal?
Sahara International Petrochemical Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 47.3% of market capitalisation (limit 30%); non-permissible (interest) income is 0.4% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 47.3% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0.4% | < 5% | Within limit |
About Sahara International Petrochemical Company
Sahara International Petrochemical Company, commonly known as Sipchem, is a significant player in the petrochemical sector. The company primarily engages in the production and sale of chemicals, polymers, and basic derivatives that are integral to various industrial applications worldwide. Sipchem's product portfolio includes essential compounds like methanol, butane, and acetic acid. These are fundamental chemicals utilized in numerous industries such as manufacturing,…
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Frequently asked questions
Is Sahara International Petrochemical Company (2310) halal?
Sahara International Petrochemical Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 47.3% of market capitalisation (limit 30%); non-permissible (interest) income is 0.4% 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 Sahara International Petrochemical Company's dividends should be purified?
About 0.4% 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.