Is Ma'aden (1211) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 13.6% / 30% | 5.5% / 30% | 2.0% / 30% | 2.45% / 5% | ✓ HALAL |
| DJIM | 13.6% / 33% | 5.5% / 33% | 2.0% / 33% | 2.45% / 5% | ✓ HALAL |
| MSCI | 32.6% / 33% | 13.3% / 33% | 4.7% / 33% | 2.45% / 5% | ✓ HALAL |
| S&P | 13.6% / 33% | 5.5% / 33% | 2.0% / 33% | 2.45% / 5% | ✓ HALAL |
| FTSE | 32.6% / 33% | 13.3% / 33% | 4.7% / 50% | 2.45% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.6% | |
| Operating Margin | 22.9% | |
| Net Margin | 19.0% | |
| Return on Equity (ROE) | 13.3% | |
| Return on Assets (ROA) | 5.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $10.9B |
| Free Cash Flow | $4.0B |
| Total Debt | $33.8B |
| Debt-to-Equity | 49.9 |
| Current Ratio | 1.5 |
| Total Assets | $119.8B |
Price & Trading
| Last Close | SAR 64.50 |
| 50-Day MA | SAR 71.71 |
| 200-Day MA | SAR 61.63 |
| Avg Volume | 2.1M |
| Beta | 0.4 |
|
52-Week Range
SAR 37.85
| |
About Ma'aden (1211)
Saudi Arabian Mining Company (Maaden) operates as a mining and metals company in the Kingdom of Saudi Arabia, India, Pakistan, Bangladesh, Singapore, Korea, the United States, Europe, Australia, Brazil, Africa, Gulf Cooperation Council countries, and internationally. The company operates through Phosphate Strategic Business Unit, Aluminium Strategic Business Unit, Base Metals and New Minerals Strategic Business Unit, and All other segments. It primarily mines for gold, phosphate rock, bauxite, kaolin, and magnesite, as well as copper, zinc, carbon, and silver concentrates. The company primarily holds interests in the e Mansourah-Massarah, Ar-Rjum, Mahd Ad-Dahab, Bulghah, Al-Amar, Sukhaybarat, As Suq, Ad Duwayhi, Al-Jalamid, Al-Khabra, Az Zabirah, Al-Ghazallah, and Al-Ba'itha mines. It also produces and sells phosphate fertilizers, ammonia, and industrial minerals, as well as alumina, aluminum, and flat rolled products directly to customers and through marketing agents. In addition, the company offers ingots, slabs, and billets; caustic soda and Ethylene Dichloride (EDC); and potassium fertilizers. Further, it is involved in procurement, marketing, project management and execution, exploration, funding and treasury management and other support activities; development and operation of smelters; and providing cooperative insurance, reinsurance, and related activities. Saudi Arabian Mining Company (Maaden) was founded in 1997 and is based in Riyadh, the Kingdom of Saudi Arabia.
Purification Calculator
As a halal stock with 2.45% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Ma'aden (1211) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ma'aden is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Ma'aden's debt ratio?
Ma'aden's debt ratio is 13.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 32.6%.
Does Ma'aden require dividend purification?
Yes, Ma'aden has an impermissible income ratio of 2.45%, which means 2.45% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Ma'aden's key financial metrics?
Ma'aden has a market capitalization of $247.2B, trailing P/E ratio of 28.4, and revenue of $38.6B. The company maintains a gross margin of 38.6% and a net margin of 19.0%. Return on equity stands at 13.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.