Is Saudi Re (6050) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 13.2% / 30% | 3.5% / 30% | 0.1% / 30% | 6.96% / 5% | ✗ NOT HALAL |
| DJIM | 13.2% / 33% | 3.5% / 33% | 0.1% / 33% | 6.96% / 5% | ✗ NOT HALAL |
| MSCI | 22.4% / 33% | 5.9% / 33% | 0.1% / 33% | 6.96% / 5% | ✗ NOT HALAL |
| S&P | 13.2% / 33% | 3.5% / 33% | 0.1% / 33% | 6.96% / 5% | ✗ NOT HALAL |
| FTSE | 22.4% / 33% | 5.9% / 33% | 0.1% / 50% | 6.96% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 7.8% | |
| Operating Margin | -1088.7% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -40.3% | |
| Return on Assets (ROA) | -10.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$27M |
| Free Cash Flow | -$27M |
| Total Debt | $40M |
| Debt-to-Equity | 32.5 |
| Current Ratio | 0.9 |
| Total Assets | $178M |
Price & Trading
| Last Close | SAR 44.02 |
| 50-Day MA | SAR 53.20 |
| 200-Day MA | SAR 76.72 |
| Avg Volume | 125K |
| Beta | 0.7 |
|
52-Week Range
SAR 40.08
| |
About Saudi Re (6050)
Saudi Fisheries Company primarily engages in the fishing business in the Kingdom of Saudi Arabia. The company offers kanaad fish, tilapia, shrimp, and andak fish products. It also engages in the wholesale of seafood products; and manages various restaurants, as well as operates fish stores. The company was founded in 1980 and is based in Riyadh, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
Is Saudi Re (6050) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Saudi Re 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 Re's debt ratio?
Saudi Re's debt ratio is 13.2% 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 22.4%.
What are Saudi Re's key financial metrics?
Saudi Re has a market capitalization of $302M, and revenue of $19M. Return on equity stands at -40.3%.
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.