Is NCCI (6010) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 11.2% / 30% | 33.9% / 30% | 6.1% / 30% | 2.78% / 5% | ✗ NOT HALAL |
| DJIM | 11.2% / 33% | 33.9% / 33% | 6.1% / 33% | 2.78% / 5% | ✗ NOT HALAL |
| MSCI | 9.0% / 33% | 27.3% / 33% | 4.9% / 33% | 2.78% / 5% | ✓ HALAL |
| S&P | 11.2% / 33% | 33.9% / 33% | 6.1% / 33% | 2.78% / 5% | ✗ NOT HALAL |
| FTSE | 9.0% / 33% | 27.3% / 33% | 4.9% / 50% | 2.78% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.1% | |
| Operating Margin | 9.7% | |
| Net Margin | 11.2% | |
| Return on Equity (ROE) | 8.8% | |
| Return on Assets (ROA) | 4.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $755M |
| Free Cash Flow | $186M |
| Total Debt | $571M |
| Debt-to-Equity | 12.4 |
| Current Ratio | 2.3 |
| Total Assets | $6.3B |
Price & Trading
| Last Close | SAR 17.19 |
| 50-Day MA | SAR 17.78 |
| 200-Day MA | SAR 19.75 |
| Avg Volume | 701K |
| Beta | 0.2 |
|
52-Week Range
SAR 15.80
| |
About NCCI (6010)
The National Agricultural Development Company engages in the production of agricultural and livestock products in the Kingdom of Saudi Arabia and internationally. The company operates in three segments, Dairy and Foods, Agriculture, and Protein. It is also involved in the reclamation of agricultural land; food processing; and marketing, and distribution of its products. In addition, the company offers milk, cream, and dessert products; cheese, labneh, and butter; and yoghurt and Laban. Further, it provides juices and nectar; chilled, frozen, and fresh red meat, including beef, lamb, and mutton; and vegetables and olive oil. The National Agricultural Development Company was incorporated in 1978 and is headquartered in Riyadh, Saudi Arabia.
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Frequently Asked Questions
Is NCCI (6010) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NCCI 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 NCCI's debt ratio?
NCCI's debt ratio is 11.2% 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 9.0%.
What are NCCI's key financial metrics?
NCCI has a market capitalization of $5.2B, trailing P/E ratio of 13.2, and revenue of $3.5B. The company maintains a gross margin of 33.1% and a net margin of 11.2%. Return on equity stands at 8.8%.
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.