Is Etihad Etisalat (7020) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 19.0% / 30% | 7.0% / 30% | 8.1% / 30% | 1.03% / 5% | ✓ HALAL |
| DJIM | 19.0% / 33% | 7.0% / 33% | 8.1% / 33% | 1.03% / 5% | ✓ HALAL |
| MSCI | 22.2% / 33% | 8.2% / 33% | 9.5% / 33% | 1.03% / 5% | ✓ HALAL |
| S&P | 19.0% / 33% | 7.0% / 33% | 8.1% / 33% | 1.03% / 5% | ✓ HALAL |
| FTSE | 22.2% / 33% | 8.2% / 33% | 9.5% / 50% | 1.03% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 54.7% | |
| Operating Margin | 20.6% | |
| Net Margin | 17.6% | |
| Return on Equity (ROE) | 17.7% | |
| Return on Assets (ROA) | 5.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $6.7B |
| Free Cash Flow | $3.4B |
| Total Debt | $9.4B |
| Debt-to-Equity | 46.3 |
| Current Ratio | 0.9 |
| Total Assets | $42.5B |
Price & Trading
| Last Close | SAR 66.35 |
| 50-Day MA | SAR 67.09 |
| 200-Day MA | SAR 64.42 |
| Avg Volume | 777K |
| Beta | 0.1 |
|
52-Week Range
SAR 52.90
| |
About Etihad Etisalat (7020)
Etihad Etisalat Company, through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia. The company operates through Consumer, Business, Wholesale, and Others segments. It manages, installs, and operates telephone networks, terminals, and communication unit systems; and sells and maintains mobile phones and communication unit systems. The company also offers information technology, application, billing and testing support, product marketing, process management, support, and call center; voice call, and mobile and fixed Internet; fixed connectivity, and cloud and data center; interconnection, transition, and roaming; outsourcing human resource; digital financial wallet services; consulting and office administration; and financial technology services. In addition, it is involved in the trading, import, and export of computer systems; and wholesale, retail, maintenance, and operation of computers and electronic equipment, as well as provision of related services. Further, the company invests funds in shares, bonds, and other securities; establishes, owns, and manages companies for the commercial, industrial, and service companies; and owns real estate, as well as owns and leases intellectual property rights, such as patents and trademarks, concessions, and other intangible rights. Additionally, it provides business postpaid, fiber net, data connect prepaid and postpaid, M2M and IOT, hosting and cloud, networks and information security, and digital hub services; and distributes phones, tablets, wearables, consoles, laptops, routers, and other accessories. Etihad Etisalat Company was incorporated in 2004 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Purification Calculator
As a halal stock with 1.03% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Etihad Etisalat (7020) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Etihad Etisalat is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Etihad Etisalat's debt ratio?
Etihad Etisalat's debt ratio is 19.0% 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 22.2%.
Does Etihad Etisalat require dividend purification?
Yes, Etihad Etisalat has an impermissible income ratio of 1.03%, which means 1.03% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Etihad Etisalat's key financial metrics?
Etihad Etisalat has a market capitalization of $51.0B, trailing P/E ratio of 14.8, and revenue of $19.6B. The company maintains a gross margin of 54.7% and a net margin of 17.6%. Return on equity stands at 17.7%.
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.