Is Emaar Economic City Company (4220) halal?
Emaar Economic City Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 57.2% of market capitalisation (limit 30%); non-permissible (interest) income is 0.6% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 57.2% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0.6% | < 5% | Within limit |
About Emaar Economic City Company
Emaar Economic City Company is a prominent real estate development firm based in Saudi Arabia. It is primarily known for its ambitious project, the King Abdullah Economic City (KAEC), which is one of the largest private sector initiatives in the Gulf region. The city's development is aimed at transforming Saudi Arabia's real estate landscape by creating a new urban environment that integrates residential, industrial, and commercial facilities. Emaar Economic City Company…
Open the full analysis in Sanad
Similar companies
- Barwa Real Estate
- Umm Al Qura for Development Co.
- Ezdan Holding Group Q.P.S.C.
- Dar Al Arkan Real Estate Development Co.
- Jabal Omar Development Co.
- Arabian Centres Co. Ltd.
Go deeper on Sanad
Free to look up. These parts are included with a free trial or Sanad Pro.
- 🔒 Fair price and buy pricePRO••••••
- 🔒 Analysis Score (0–100)PRO••••••
- 🔒 Full financial statements and ratio historyPRO••••••
- 🔒 Alerts when the verdict changesPRO••••••
Frequently asked questions
Is Emaar Economic City Company (4220) halal?
Emaar Economic City Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 57.2% of market capitalisation (limit 30%); non-permissible (interest) income is 0.6% 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 Emaar Economic City Company's dividends should be purified?
About 0.6% 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.