Is WAFA (6060) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.2% / 30% | 43.1% / 30% | 4.6% / 30% | 11.26% / 5% | ✗ NOT HALAL |
| DJIM | 0.2% / 33% | 43.1% / 33% | 4.6% / 33% | 11.26% / 5% | ✗ NOT HALAL |
| MSCI | 0.2% / 33% | 37.8% / 33% | 4.1% / 33% | 11.26% / 5% | ✗ NOT HALAL |
| S&P | 0.2% / 33% | 43.1% / 33% | 4.6% / 33% | 11.26% / 5% | ✗ NOT HALAL |
| FTSE | 0.2% / 33% | 37.8% / 33% | 4.1% / 50% | 11.26% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 5.2% | |
| Operating Margin | -1.9% | |
| Net Margin | -8.7% | |
| Return on Equity (ROE) | -5.2% | |
| Return on Assets (ROA) | -3.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$646,006 |
| Free Cash Flow | -$41M |
| Total Debt | $723,637 |
| Debt-to-Equity | 0.6 |
| Current Ratio | 3.3 |
| Total Assets | $428M |
Price & Trading
| Last Close | SAR 12.62 |
| 50-Day MA | SAR 13.28 |
| 200-Day MA | SAR 15.17 |
| Avg Volume | 141K |
| Beta | 0.5 |
|
52-Week Range
SAR 11.50
| |
About WAFA (6060)
Ash-Sharqiyah Development Co. produces and markets agricultural greenfeed in Saudi Arabia. It operates through Al-Sharqiya (Holding Company), Sadu Al Arab, and Al Waseet Al Barri Logistics Company (A subsidiary of Sadu Al Arab Trading Company) segments. It is also in involved in agriculture, forestry, fishing, and construction activities; wholesale and retail trade; repair of motor vehicles and motorcycles; operation of storage facilities; accommodation and food service activities; real estate activities; art, entertainment, and leisure activities; and other service activities, including growing vegetables in greenhouses and growing uncovered variegated vegetables. In addition, the company engages in food security and logistics; and refrigerated and frozen goods land transportation activities. Ash-Sharqiyah Development Co. was founded in 1986 and is based in Riyadh, Saudi Arabia.
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Frequently Asked Questions
Is WAFA (6060) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), WAFA 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 WAFA's debt ratio?
WAFA's debt ratio is 0.2% 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 0.2%.
What are WAFA's key financial metrics?
WAFA has a market capitalization of $375M, and revenue of $86M. The company maintains a gross margin of 5.2% and a net margin of -8.7%. Return on equity stands at -5.2%.
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.