Is SALAMA Cooperative (7040) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.4% / 30% | 19.3% / 30% | 10.5% / 30% | 1.39% / 5% | ✓ HALAL |
| DJIM | 2.4% / 33% | 19.3% / 33% | 10.5% / 33% | 1.39% / 5% | ✓ HALAL |
| MSCI | 4.1% / 33% | 33.9% / 33% | 18.4% / 33% | 1.39% / 5% | ✗ NOT HALAL |
| S&P | 2.4% / 33% | 19.3% / 33% | 10.5% / 33% | 1.39% / 5% | ✓ HALAL |
| FTSE | 4.1% / 33% | 33.9% / 33% | 18.4% / 50% | 1.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.5% | |
| Operating Margin | 16.2% | |
| Net Margin | 14.1% | |
| Return on Equity (ROE) | 33.2% | |
| Return on Assets (ROA) | 10.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $216M |
| Free Cash Flow | $182M |
| Total Debt | $68M |
| Total Assets | $1.7B |
Price & Trading
| Last Close | SAR 85.95 |
| 50-Day MA | SAR 89.32 |
| 200-Day MA | SAR 96.82 |
| Avg Volume | 206K |
| Beta | 0.5 |
|
52-Week Range
SAR 80.00
| |
About SALAMA Cooperative (7040)
Etihad GO Telecom Co. provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally. It operates through the Data Services; Voice; Systems Analysis, Application Design and Development Services; and E-Commerce segments. The company offers broadband satellite services; automated vehicle location services; fintech solutions; military software; geographic information systems applications and services; telecommunications and information networks management and monitoring services; digital certification services; telecom facility rental services; Internet of Things (IoT) services using license-exempt frequencies; virtual voice services; Internet exchange services; and virtual IoT network operator services. It also engages in public telephone service activities, application development, artificial intelligence technologies, computer consulting activities, telecommunications and IT consulting activities, cybersecurity; blockchain technologies; big data technologies, data science, and data analysis; establishing infrastructure for web hosting, data processing services, and related activities; and registration to provide cloud computing services. In addition, the company is involved in developing and operating a geospatial platform/portal; building geospatial databases; 3D printing technology; telecom resale activities; research and development in the field of engineering and technology; systems analysis; designing and programming customized software; UI/UX design; robotics technologies; and virtual and augmented reality technologies. The company was formerly known as Etihad Atheeb Telecommunication Company and changed its name to Etihad GO Telecom Co. in November 2025. Etihad GO Telecom Co. was founded in 2008 and is based in Riyadh, the Kingdom of Saudi Arabia.
Purification Calculator
As a halal stock with 1.39% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is SALAMA Cooperative (7040) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SALAMA Cooperative 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 SALAMA Cooperative's debt ratio?
SALAMA Cooperative's debt ratio is 2.4% 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 4.1%.
Does SALAMA Cooperative require dividend purification?
Yes, SALAMA Cooperative has an impermissible income ratio of 1.39%, which means 1.39% 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 SALAMA Cooperative's key financial metrics?
SALAMA Cooperative has a market capitalization of $3.0B, trailing P/E ratio of 12.4, and revenue of $1.5B. The company maintains a gross margin of 25.5% and a net margin of 14.1%. Return on equity stands at 33.2%.
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.