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Is Alijarah Holding Company Q.P.S.C. (NLCS) halal?

Qatar Exchange (QSE) · Real Estate — Development
Not compliant

Alijarah Holding Company Q.P.S.C. is not compliant: its debt and non-permissible income is over the AAOIFI limit. interest-bearing debt is 40% of market capitalisation (limit 30%); non-permissible (interest) income is 36.3% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation40%< 30%Over limit
Non-permissible income ÷ revenue36.3%< 5%Over 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 Alijarah Holding Company Q.P.S.C.

Alijarah Holding Company Q.P.S.C. is a diversified financial and investment firm based in Qatar, primarily operating in the fields of leasing, real estate, equipment and transportation services. As a public shareholding company, Alijarah facilitates vehicle and equipment leasing for individuals and corporate clients, acting as a crucial financial intermediary in the Qatari market. The company’s real estate division is prominent in developing, managing, and trading…

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Frequently asked questions

Is Alijarah Holding Company Q.P.S.C. (NLCS) halal?

Alijarah Holding Company Q.P.S.C. is not compliant: its debt and non-permissible income is over the AAOIFI limit. interest-bearing debt is 40% of market capitalisation (limit 30%); non-permissible (interest) income is 36.3% 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 Alijarah Holding Company Q.P.S.C.'s dividends should be purified?

About 36.3% 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.

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.