Is Saudi Ceramics (2040) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 30.6% / 30% | 1.6% / 30% | 8.1% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 30.6% / 33% | 1.6% / 33% | 8.1% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 31.1% / 33% | 1.6% / 33% | 8.3% / 33% | 0.0% / 5% | ✓ HALAL |
| S&P | 30.6% / 33% | 1.6% / 33% | 8.1% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 31.1% / 33% | 1.6% / 33% | 8.3% / 50% | 0.0% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 28.5% | |
| Operating Margin | -83.4% | |
| Net Margin | 12.1% | |
| Return on Equity (ROE) | 12.1% | |
| Return on Assets (ROA) | -4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $116M |
| Free Cash Flow | $17M |
| Total Debt | $851M |
| Debt-to-Equity | 54.7 |
| Current Ratio | 1.4 |
| Total Assets | $2.8B |
Price & Trading
| Last Close | SAR 28.66 |
| 50-Day MA | SAR 27.28 |
| 200-Day MA | SAR 29.14 |
| Avg Volume | 292K |
| Beta | 0.4 |
|
52-Week Range
SAR 24.00
| |
About Saudi Ceramics (2040)
Saudi Ceramic Company engages in the production and sale of ceramic products, water heaters, and related component in Saudi Arabia and internationally. The company offers ceramic, porcelain, outdoor, and swimming pool tiles; sanitary ware products comprising wash basins, water closets, wall hangings, and above counters; bathroom furniture and accessories, including bathtubs, shower trays, taps, and seat covers; red bricks; bathroom fixtures and finishes; and industrial minerals, such as limestone, silica sands, kaolin, feldspar, clay, dolomite, and calcite. It also sells its products online. The company was founded in 1977 and is headquartered in Riyadh, Saudi Arabia.
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Frequently Asked Questions
Is Saudi Ceramics (2040) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Saudi Ceramics 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 Saudi Ceramics's debt ratio?
Saudi Ceramics's debt ratio is 30.6% 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 31.1%.
What are Saudi Ceramics's key financial metrics?
Saudi Ceramics has a market capitalization of $2.9B, trailing P/E ratio of 16.2, and revenue of $1.5B. The company maintains a gross margin of 28.5% and a net margin of 12.1%. Return on equity stands at 12.1%.
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.