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Is Estithmar Holding Q.P.S.C. (IGRD) halal?

Qatar Exchange (QSE) · Industrials — Diversified Holding
Not compliant

Estithmar Holding Q.P.S.C. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 34.6% of market capitalisation (limit 30%); non-permissible (interest) income is 0% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation34.6%< 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 Estithmar Holding Q.P.S.C.

Estithmar Holding Q.P.S.C. is a prominent holding company based in Qatar, engaged primarily in investment and development across various sectors. This enterprise serves a strategic role in diversifying portfolios by investing in a mix of industries including healthcare, infrastructure, real estate, and financial services. Through its diverse portfolio, Estithmar Holding aims to foster sustainable economic growth and contribute significantly to the national development…

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Frequently asked questions

Is Estithmar Holding Q.P.S.C. (IGRD) halal?

Estithmar Holding Q.P.S.C. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 34.6% 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 Estithmar Holding Q.P.S.C.'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.