Is United Development Company Q.P.S.C. (UDCD) halal?
United Development Company Q.P.S.C. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 181.2% of market capitalisation (limit 30%); non-permissible (interest) income is 2.6% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 181.2% | < 30% | Over limit |
| Non-permissible income ÷ revenue | 2.6% | < 5% | Within limit |
About United Development Company Q.P.S.C.
United Development Company Q.P.S.C. is a prominent real estate development entity based in Qatar, primarily engaged in property construction, development, and management. The company operates comprehensively in the real estate sector, focusing on developing significant infrastructure and luxury residential properties. Its flagship project, The Pearl-Qatar, is a mixed-use, man-made island spanning nearly four million square meters that has become a key feature in Qatar's…
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Frequently asked questions
Is United Development Company Q.P.S.C. (UDCD) halal?
United Development Company Q.P.S.C. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 181.2% of market capitalisation (limit 30%); non-permissible (interest) income is 2.6% 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 United Development Company Q.P.S.C.'s dividends should be purified?
About 2.6% 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.