Is Advanced Petrochemical Company (2330) halal?
Advanced Petrochemical Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 166.5% 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 | 166.5% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0% | < 5% | Within limit |
About Advanced Petrochemical Company
Advanced Petrochemical Company is a prominent player in the petrochemical industry, primarily engaged in the production of polypropylene. Polypropylene is a versatile plastic used in a variety of applications, including packaging, textiles, automotive parts, and industrial products. Established in 2005 and headquartered in Jubail Industrial City, Saudi Arabia, the company has gained a reputation for its commitment to high-quality production techniques and sustainable…
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Frequently asked questions
Is Advanced Petrochemical Company (2330) halal?
Advanced Petrochemical Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 166.5% 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 Advanced Petrochemical 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.