Is Saudi Electricity Company (5110) halal?
Saudi Electricity Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 353.5% of market capitalisation (limit 30%); non-permissible (interest) income is 0.1% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 353.5% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0.1% | < 5% | Within limit |
About Saudi Electricity Company
Saudi Electricity Company is a Saudi Arabian utilities provider specializing in electric power generation, transmission, and distribution across the Kingdom. Headquartered in Riyadh and founded in 2000, the company plays a central role in supplying electricity to governmental, industrial, agricultural, commercial, and residential customers. Its Generation segment operates power plants that produce electricity from various energy sources, while the Transmission segment…
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Frequently asked questions
Is Saudi Electricity Company (5110) halal?
Saudi Electricity Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 353.5% of market capitalisation (limit 30%); non-permissible (interest) income is 0.1% 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 Saudi Electricity Company's dividends should be purified?
About 0.1% 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.