Is SARCO (2030) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 43.4% / 30% | 0.0% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 0.1% / 33% | 43.4% / 33% | 0.0% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 0.1% / 33% | 85.1% / 33% | 0.0% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 0.1% / 33% | 43.4% / 33% | 0.0% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 0.1% / 33% | 85.1% / 33% | 0.0% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 53.4% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -16.7% | |
| Return on Assets (ROA) | -8.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | $5M |
| Total Debt | $518,272 |
| Debt-to-Equity | 0.1 |
| Current Ratio | 13.9 |
| Total Assets | $360M |
Price & Trading
| Last Close | SAR 49.92 |
| 50-Day MA | SAR 49.84 |
| 200-Day MA | SAR 55.97 |
| Avg Volume | 65K |
| Beta | 0.5 |
|
52-Week Range
SAR 44.56
| |
About SARCO (2030)
Saudi Arabian Refineries Company, together with its subsidiary, engages in the extraction of crude oil in the Kingdom of Saudi Arabia. The company is involved in the construction of refineries and petrochemical plants; buying and selling of lands and real estate; metal mining; manufacture of organic chemicals, liquid, and compressed air; the production of primary gases; and management and leasing of owned or rented non-residential real estate properties, as well as dealing in securities. It also invests in local companies. Saudi Arabian Refineries Company was incorporated in 1960 and is based in Jeddah, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
Is SARCO (2030) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SARCO is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SARCO's debt ratio?
SARCO's debt ratio is 0.1% 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 0.1%.
What are SARCO's key financial metrics?
SARCO has a market capitalization of $728M, and revenue of $10M. Return on equity stands at -16.7%.
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.