Is Qassim Cement Company (3040) halal?
Qassim Cement Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 2.3% 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 | 2.3% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 0% | < 5% | Within limit |
About Qassim Cement Company
Qassim Cement Company is an established entity in the construction materials sector, focused primarily on the production and distribution of cement. As a pivotal player in Saudi Arabia's construction industry, the company manufactures various grades of cement used in building infrastructure, residential, and commercial projects. Qassim Cement Company maintains high standards of quality and efficiency, aiding in the development of robust structures across the region. By…
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Frequently asked questions
Is Qassim Cement Company (3040) halal?
Qassim Cement Company is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 2.3% 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 Qassim Cement 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.