Is SABIC (2010) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 21.2% / 30% | 22.4% / 30% | 12.3% / 30% | 1.16% / 5% | ✓ HALAL |
| DJIM | 21.2% / 33% | 22.4% / 33% | 12.3% / 33% | 1.16% / 5% | ✓ HALAL |
| MSCI | 12.7% / 33% | 13.3% / 33% | 7.4% / 33% | 1.16% / 5% | ✓ HALAL |
| S&P | 21.2% / 33% | 22.4% / 33% | 12.3% / 33% | 1.16% / 5% | ✓ HALAL |
| FTSE | 12.7% / 33% | 13.3% / 33% | 7.4% / 50% | 1.16% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 18.3% | |
| Operating Margin | 4.8% | |
| Net Margin | -22.1% | |
| Return on Equity (ROE) | -0.2% | |
| Return on Assets (ROA) | 1.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $16.4B |
| Free Cash Flow | $6.2B |
| Total Debt | $35.2B |
| Debt-to-Equity | 23.9 |
| Current Ratio | 1.8 |
| Total Assets | $278.0B |
Price & Trading
| Last Close | SAR 58.95 |
| 50-Day MA | SAR 56.20 |
| 200-Day MA | SAR 56.78 |
| Avg Volume | 2.0M |
| Beta | 0.3 |
|
52-Week Range
SAR 48.20
| |
About SABIC (2010)
Saudi Basic Industries Corporation manufactures, markets, and distributes chemicals, polymers, plastics, and agri-nutrients in the Kingdom of Saudi Arabia, China, the Americas, Europe, Africa, rest of Asia, and internationally. The company operates in two segments: Petrochemicals and Agri-Nutrients. It provides chemical products from hydrocarbon feedstock, including methane, ethane, propane, butane, and light naphtha; and olefins, methanol, aromatics, glycols, carbon dioxide, and methyl tert-butyl ether. The company also offers polyethylene products, including linear low-density polyethylene, low-density polyethylene, and high-density polyethylene; polypropylene products, such as homo, random, and impact polypropylene, as well as polypropylene compounds, homo polymer, random copolymer, impact copolymer, and specialty automotive grades; specialties products comprising resins, compounds and copolymers, and various thermosets and additives under the NORYL, ULTEM, EXTEM, and SILTEM brands; and polycarbonate, polyvinyl chloride, polyethylene terephthalate, polystyrene, and acrylonitrile butadiene styrene. In addition, it provides a range of fertilizer products, including urea, ammonia, and phosphate, as well as compound fertilizers. The company was founded in 1976 and is headquartered in Riyadh, the Kingdom of Saudi Arabia. Saudi Basic Industries Corporation operates as a subsidiary of Aramco Chemicals Company.
Purification Calculator
As a halal stock with 1.16% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is SABIC (2010) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SABIC 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 SABIC's debt ratio?
SABIC's debt ratio is 21.2% 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 12.7%.
Does SABIC require dividend purification?
Yes, SABIC has an impermissible income ratio of 1.16%, which means 1.16% 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 SABIC's key financial metrics?
SABIC has a market capitalization of $175.2B, and revenue of $140.0B. The company maintains a gross margin of 18.3% and a net margin of -22.1%. Return on equity stands at -0.2%.
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.