Is ADES Holding Company (2382) halal?
ADES Holding Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 112.3% 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 | 112.3% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0% | < 5% | Within limit |
About ADES Holding Company
ADES Holding Company is a prominent entity in the oil and gas sector, focusing on providing integrated services to the upstream oil and gas industry. It specializes in offering drilling and production services, as well as onshore and offshore operations. With a strategic emphasis on the Middle East and North Africa regions, the company plays a crucial role in supporting energy production and development initiatives. ADES Holding Company is known for its commitment to…
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Frequently asked questions
Is ADES Holding Company (2382) halal?
ADES Holding Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 112.3% 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 ADES Holding 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.