Is Qatar National Cement Company (QNCD) halal?
Qatar National Cement Company is not compliant: its non-permissible income is over the AAOIFI limit. interest-bearing debt is 0.5% of market capitalisation (limit 30%); non-permissible (interest) income is 6.4% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 0.5% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 6.4% | < 5% | Over limit |
About Qatar National Cement Company
Qatar National Cement Company is a major player in the construction materials industry, predominantly involved in the production and supply of cement and related building materials. Established in 1965, the company has positioned itself as a cornerstone in Qatar's ambitious infrastructure projects, supporting the nation's rapid development and urbanization. Cement, its primary product, is essential for construction, playing a critical role in both residential and…
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Frequently asked questions
Is Qatar National Cement Company (QNCD) halal?
Qatar National Cement Company is not compliant: its non-permissible income is over the AAOIFI limit. interest-bearing debt is 0.5% of market capitalisation (limit 30%); non-permissible (interest) income is 6.4% 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 Qatar National Cement Company's dividends should be purified?
About 6.4% 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.