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Is Baladna (BLDN) halal?

Qatar Exchange (QSE) · Consumer Staples — Food & Dairy
Not compliant

Baladna is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 106.9% of market capitalisation (limit 30%); non-permissible (interest) income is 0% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation106.9%< 30%Over limit
Non-permissible income ÷ revenue0%< 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 Baladna

Baladna Q.P.S.C., a public shareholding company, plays a pivotal role in Qatar's dairy production sector. The company primarily engages in the production, distribution, and sale of dairy products, including milk, cheese, yogurt, and juices. It is integral to Qatar's plan to achieve food security and self-sufficiency post the regional blockade of 2017, contributing significantly to the local agricultural landscape. Baladna's modern farming techniques and state-of-the-art…

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Frequently asked questions

Is Baladna (BLDN) halal?

Baladna is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 106.9% of market capitalisation (limit 30%); non-permissible (interest) income is 0% 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 Baladna's dividends should be purified?

Sanad does not show a purification percentage for this company because its interest income is not reported or it is not a compliant company.

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.