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Is Bahri (4030) halal?

Saudi Exchange (Tadawul) · Industrials — Shipping & Logistics
Not compliant

Bahri is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 36.4% of market capitalisation (limit 30%); non-permissible (interest) income is 0.7% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation36.4%< 30%Over limit
Non-permissible income ÷ revenue0.7%< 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 Bahri

The National Shipping Company of Saudi Arabia, also known as Bahri, is a prominent maritime transport company specializing in the shipping and logistics sectors. As one of the largest shipping companies in the Middle East, Bahri provides essential maritime services that include oil, chemical, dry bulk, and container transportation. The company's operations are critical in facilitating the energy sector, given Saudi Arabia's status as a leading global oil producer. Bahri…

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Frequently asked questions

Is Bahri (4030) halal?

Bahri is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 36.4% of market capitalisation (limit 30%); non-permissible (interest) income is 0.7% 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 Bahri's dividends should be purified?

About 0.7% 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.