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Is Dar Al Arkan Real Estate Development Co. (4300) halal?

Saudi Exchange (Tadawul) · Real Estate — Development
Not compliant

Dar Al Arkan Real Estate Development Co. is not compliant: its debt and non-permissible income is over the AAOIFI limit. interest-bearing debt is 82.7% of market capitalisation (limit 30%); non-permissible (interest) income is 11.9% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation82.7%< 30%Over limit
Non-permissible income ÷ revenue11.9%< 5%Over 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 Dar Al Arkan Real Estate Development Co.

Dar Al Arkan Real Estate Development Co. is a leading real estate firm headquartered in Riyadh, Saudi Arabia. This company specializes in the development, sale, and leasing of residential and commercial properties. Established in 1994, Dar Al Arkan plays a pivotal role in the dynamic urban development landscape of Saudi Arabia, marrying traditional architectural elements with modern living standards to cater to a broad spectrum of clients. The company's portfolio includes…

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Frequently asked questions

Is Dar Al Arkan Real Estate Development Co. (4300) halal?

Dar Al Arkan Real Estate Development Co. is not compliant: its debt and non-permissible income is over the AAOIFI limit. interest-bearing debt is 82.7% of market capitalisation (limit 30%); non-permissible (interest) income is 11.9% 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 Dar Al Arkan Real Estate Development Co.'s dividends should be purified?

About 11.9% 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.