Is Almarai (2170) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.5% / 30% | 54.4% / 30% | 27.1% / 30% | 2.18% / 5% | ✗ NOT HALAL |
| DJIM | 1.5% / 33% | 54.4% / 33% | 27.1% / 33% | 2.18% / 5% | ✗ NOT HALAL |
| MSCI | 0.5% / 33% | 16.8% / 33% | 8.3% / 33% | 2.18% / 5% | ✓ HALAL |
| S&P | 1.5% / 33% | 54.4% / 33% | 27.1% / 33% | 2.18% / 5% | ✗ NOT HALAL |
| FTSE | 0.5% / 33% | 16.8% / 33% | 8.3% / 50% | 2.18% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 5.0% | |
| Operating Margin | 3.3% | |
| Net Margin | -7.9% | |
| Return on Equity (ROE) | -3.5% | |
| Return on Assets (ROA) | -0.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $198M |
| Free Cash Flow | -$400M |
| Total Debt | $26M |
| Debt-to-Equity | 5.5 |
| Current Ratio | 2.5 |
| Total Assets | $5.5B |
Price & Trading
| Last Close | SAR 27.84 |
| 50-Day MA | SAR 25.13 |
| 200-Day MA | SAR 31.29 |
| Avg Volume | 521K |
| Beta | -0.0 |
|
52-Week Range
SAR 20.41
| |
About Almarai (2170)
Alujain Corporation, together with its subsidiaries, produces and sells propylene and polypropylene products in the Kingdom of Saudi Arabia and internationally. It also engages in the manufacture, distribution, and sale of geo-synthetic products; and wholesale of chemicals, basic plastic, rubber, and synthetic fiber, homecare products, insecticides, and agricultural insecticides, as well as manufactures organic chemicals, including styrene. In addition, the company operates and invests in petrochemical and chemical industries, as well as in basic and transformational, plastic, renewable energy, and other industries. The company was formerly known as Alujain Holding Corporation and changed its name to Alujain Corporation in May 2022. Alujain Corporation was incorporated in 1991 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
Is Almarai (2170) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Almarai 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 Almarai's debt ratio?
Almarai's debt ratio is 1.5% 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 0.5%.
What are Almarai's key financial metrics?
Almarai has a market capitalization of $2.0B, and revenue of $1.6B. The company maintains a gross margin of 5.0% and a net margin of -7.9%. Return on equity stands at -3.5%.
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.