Is Almarai (2280) Halal?

SAU Consumer Defensive Saudi Arabia $43.1B
✗ NOT HALAL
Confidence: 90/100
Almarai (2280) is Not Halal under AAOIFI Standard 21. The company's debt ratio of 30.9% exceeds the 30% threshold, indicating excessive interest-bearing debt relative to market capitalization. Almarai operates in the Consumer Defensive sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 30.9%
/ 30%
1.2%
/ 30%
4.7%
/ 30%
0.05%
/ 5%
✗ NOT HALAL
DJIM 30.9%
/ 33%
1.2%
/ 33%
4.7%
/ 33%
0.05%
/ 5%
✓ HALAL
MSCI 32.6%
/ 33%
1.3%
/ 33%
4.9%
/ 33%
0.05%
/ 5%
✓ HALAL
S&P 30.9%
/ 33%
1.2%
/ 33%
4.7%
/ 33%
0.05%
/ 5%
✓ HALAL
FTSE 32.6%
/ 33%
1.3%
/ 33%
4.9%
/ 50%
0.05%
/ 5%
✓ HALAL

Financial Highlights

P/E Ratio
17.6
Forward: 15.8
EPS
$2.46
Dividend Yield
234.0%
Payout: 40.6%
P/B Ratio
2.1
EV/EBITDA
10.2
EV: $54.8B
Revenue
$22.1B
Growth: 5.8%
Beta
0.3
Low volatility
Current Ratio
1.5

Profitability

Gross Margin 31.2%
Operating Margin 12.5%
Net Margin 11.1%
Return on Equity (ROE) 12.5%
Return on Assets (ROA) 5.1%

Cash Flow & Balance Sheet

Operating Cash Flow$5.5B
Free Cash Flow$36M
Total Debt$13.0B
Debt-to-Equity63.5
Current Ratio1.5
Total Assets$40.0B

Price & Trading

Last CloseSAR 42.74
50-Day MASAR 42.70
200-Day MASAR 46.05
Avg Volume697K
Beta0.3
52-Week Range
SAR 38.18
SAR 55.60

About Almarai (2280)

CEO
Mr. Fawaz bin Mohammed Al-Jasser
Employees
46,997
Sector
Consumer Defensive
Industry
Packaged Foods
Country
Saudi Arabia
Exchange
SAU
Market Cap
$43.1B
Currency
SAR

Almarai Company operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally. The company operates through Dairy and Juice, Bakery, Poultry, and Other Activities segments. It offers drinking yogurt, milk coffee, protein milk, flavored milk, fresh milk, evaporated milk, and milk powders; yoghurts and desserts; cheese, honey, sweet condensed milk, butter, olive oil, butter ghee, cooking and whipping cream, and creams; dips including fresh natural cream, labneh, and hummus; ice cream; bakery and poultry products; fresh juices; beverages comprising iced coffee and tea, and refreshing drinks; infant and medical nutrition products; dates; and seafood products. It provides its products under the Almarai, L'usine, 7Days, ALYOUM, Nuralac, Evolac, SureGrow Junior, SureNutri, Farm's Select, Ice leaf, Almira, Seama, Beyti, Teeba, AlBashayer, brands. The company also owns and operates arable farms; and provides horticulture services. Almarai Company was founded in 1977 and is headquartered in Riyadh, Saudi Arabia.

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Frequently Asked Questions

Is Almarai (2280) 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 30.9% 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%.

What are Almarai's key financial metrics?

Almarai has a market capitalization of $43.1B, trailing P/E ratio of 17.6, and revenue of $22.1B. The company maintains a gross margin of 31.2% and a net margin of 11.1%. Return on equity stands at 12.5%.

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.