Is Elm Co. (7203) halal?
Elm Co. is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 5.5% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.2% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 5.5% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 0.2% | < 5% | Within limit |
Purification
Even a compliant company earns a little interest. About 0.2% of Elm Co.'s revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 0.2% of each dividend. Open the full analysis for the amount per share.
About Elm Co.
Elm Co. is a prominent player within the manufacturing industry, particularly focusing on producing eco-friendly furniture and home goods. As an enterprise, Elm Co. emphasizes sustainable practices, using raw materials sourced from renewable and responsibly-managed forests. Their product line includes a variety of items such as tables, chairs, and desks, which are crafted to blend modern design with environmental consciousness. In the financial market, Elm Co. serves as a…
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Frequently asked questions
Is Elm Co. (7203) halal?
Elm Co. is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 5.5% of market capitalisation (limit 30%), and non-permissible (interest) income is 0.2% 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 Elm Co.'s dividends should be purified?
About 0.2% 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 2026-10-25.