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Is Arabian Centres Co. Ltd. (4321) halal?

Saudi Exchange (Tadawul) · Real Estate — Retail Centers
Not compliant

Arabian Centres Co. Ltd. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 234.3% of market capitalisation (limit 30%); non-permissible (interest) income is 2.2% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation234.3%< 30%Over limit
Non-permissible income ÷ revenue2.2%< 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 Arabian Centres Co. Ltd.

Arabian Centres Co. Ltd. is a Saudi Arabia-based real estate company specializing in the development, ownership, and operation of lifestyle centers and shopping malls. Its primary activities encompass the acquisition of land for constructing commercial buildings, along with their development, leasing, and management. The company handles a range of services including the sale or rental of properties, contracting for residential and commercial construction, demolition,…

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Frequently asked questions

Is Arabian Centres Co. Ltd. (4321) halal?

Arabian Centres Co. Ltd. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 234.3% of market capitalisation (limit 30%); non-permissible (interest) income is 2.2% 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 Arabian Centres Co. Ltd.'s dividends should be purified?

About 2.2% 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 2026-09-14.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-14). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.