Is Masraf Al Rayan (MARK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Regional | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 11.5% | |
| Net Margin | 18.0% | |
| Return on Equity (ROE) | 6.0% | |
| Return on Assets (ROA) | 0.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1.4B |
| Free Cash Flow | -$1.5B |
| Total Debt | $12.7B |
| Total Assets | $181.3B |
Price & Trading
| Last Close | QAR 2.19 |
| 50-Day MA | QAR 2.29 |
| 200-Day MA | QAR 2.31 |
| Avg Volume | 9.7M |
| Beta | 0.4 |
|
52-Week Range
QAR 2.12
| |
About Masraf Al Rayan (MARK)
AlRayan Bank Q.P.S.C. engages in Islamic banking, financing, and investing activities in Qatar and internationally. The company operates through five segments: Corporate Banking, Retail Banking, Treasury and Financial Institutions, Asset Management, and International Operations. It offers current, savings, investment, and term deposit, and kids accounts, as well as other investment products; personal, car, and home finance products; and credit, debit, corporate, and prepaid cards. The company also provides corporate finance and advisory services, such as capital restructuring, capital raising, corporate valuation, transformation of business products, mergers and acquisitions, specialized investment, structured finance, and project finance; financing products comprising Murabaha, Ijarah, Istisna'a, Ijarah Muntahia Bittamleek, and Mudaraba; cash management services, such as payable and receivable solution, and account management; and trade finance products, including letters of guarantee and credit. In addition, it offers private banking products and services comprising investment planning and asset management, wealth protection, credit planning and management, and business planning. Further, the company provides Islamic funded and non-funded credit facilities, financial and strategic advisory, and investment advisory services; currency exchange facilities; profit rate swaps, financing syndication, and other services; Islamic financing; and investment banking, Sukuk and debt issuance, over-the-counter risk management instrument, investing, and real estate consulting services, as well as manages mutual and exchange traded funds. It serves corporate, commercial, and multinational customers; retail and individual customers; and institutional and high net worth investors. The company was formerly known as Masraf Al Rayan (Q.P.S.C.) and changed its name to AlRayan Bank Q.P.S.C. in April 2025. AlRayan Bank Q.P.S.C. was incorporated in 2006 and is headquartered in Doha, Qatar.
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Frequently Asked Questions
Is Masraf Al Rayan (MARK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Masraf Al Rayan 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 Masraf Al Rayan's debt ratio?
Masraf Al Rayan's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Masraf Al Rayan's key financial metrics?
Masraf Al Rayan has a market capitalization of $20.2B, trailing P/E ratio of 13.6, and revenue of $2.7B. Return on equity stands at 6.0%.
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.