Is Industries Qatar (IQCD) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.6% / 30% | 14.5% / 30% | 1.9% / 30% | 2.59% / 5% | ✓ HALAL |
| DJIM | 0.6% / 33% | 14.5% / 33% | 1.9% / 33% | 2.59% / 5% | ✓ HALAL |
| MSCI | 0.9% / 33% | 23.6% / 33% | 3.0% / 33% | 2.59% / 5% | ✓ HALAL |
| S&P | 0.6% / 33% | 14.5% / 33% | 1.9% / 33% | 2.59% / 5% | ✓ HALAL |
| FTSE | 0.9% / 33% | 23.6% / 33% | 3.0% / 50% | 2.59% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 23.8% | |
| Operating Margin | 14.6% | |
| Net Margin | 26.9% | |
| Return on Equity (ROE) | 11.2% | |
| Return on Assets (ROA) | 4.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3.5B |
| Free Cash Flow | $1.7B |
| Total Debt | $405M |
| Debt-to-Equity | 1.0 |
| Current Ratio | 7.3 |
| Total Assets | $43.1B |
Price & Trading
| Last Close | QAR 10.85 |
| 50-Day MA | QAR 11.99 |
| 200-Day MA | QAR 12.39 |
| Avg Volume | 2.3M |
| Beta | 0.3 |
|
52-Week Range
QAR 10.60
| |
About Industries Qatar (IQCD)
Industries Qatar Q.P.S.C., through its subsidiaries, operates in the petrochemical, fertilizer, and steel businesses in Qatar. Its Petrochemicals segment engages in the production and sale of ethylene, polyethylene, methyl-tertiary-butyl-ether (MTBE), methanol, and other petrochemical products. The company's Fertilizers segment produces and sells urea, ammonia, and other by-products. Its Steel segment engages in the production and sale of steel pellets, bars, billets, and others. The company was founded in 1969 and is headquartered in Doha, Qatar. Industries Qatar Q.P.S.C. is a subsidiary of QatarEnergy.
Purification Calculator
As a halal stock with 2.59% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Industries Qatar (IQCD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Industries Qatar 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 Industries Qatar's debt ratio?
Industries Qatar's debt ratio is 0.6% 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 0.9%.
Does Industries Qatar require dividend purification?
Yes, Industries Qatar has an impermissible income ratio of 2.59%, which means 2.59% 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 Industries Qatar's key financial metrics?
Industries Qatar has a market capitalization of $64.7B, trailing P/E ratio of 15.1, and revenue of $16.0B. The company maintains a gross margin of 23.8% and a net margin of 26.9%. Return on equity stands at 11.2%.
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.