Is Al Meera Consumer Goods Co. (MERS) halal?
Al Meera Consumer Goods Co. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 31.1% 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 | 31.1% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 0.1% | < 5% | Within limit |
About Al Meera Consumer Goods Co.
Al Meera Consumer Goods Co. is a premier retail chain based in Qatar, distinguished for its extensive grocery retail operations. The company's primary function lies in providing a wide range of consumer goods including fresh produce, grocery items, household products, and non-food items. It operates numerous stores strategically located across Qatar, ensuring accessibility and convenience for a broad customer base. Additionally, Al Meera is actively involved in the…
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Frequently asked questions
Is Al Meera Consumer Goods Co. (MERS) halal?
Al Meera Consumer Goods Co. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 31.1% 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 Al Meera Consumer Goods Co.'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.