Is Zain (ZAIN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 89.0% / 30% | 18.2% / 30% | 22.2% / 30% | 0.39% / 5% | ✗ NOT HALAL |
| DJIM | 89.0% / 33% | 18.2% / 33% | 22.2% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| MSCI | 36.2% / 33% | 7.4% / 33% | 9.0% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| S&P | 89.0% / 33% | 18.2% / 33% | 22.2% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| FTSE | 36.2% / 33% | 7.4% / 33% | 9.0% / 50% | 0.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 65.0% | |
| Operating Margin | 22.0% | |
| Net Margin | 10.4% | |
| Return on Equity (ROE) | 14.4% | |
| Return on Assets (ROA) | 4.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $622M |
| Free Cash Flow | $348M |
| Total Debt | $2.1B |
| Debt-to-Equity | 109.1 |
| Current Ratio | 1.1 |
| Total Assets | $5.9B |
Price & Trading
| Last Close | KWF 557.00 |
| 50-Day MA | KWF 536.58 |
| 200-Day MA | KWF 520.95 |
| Avg Volume | 4.1M |
| Beta | 0.1 |
|
52-Week Range
KWF 441.00
| |
About Zain (ZAIN)
Mobile Telecommunications Company K.S.C.P., together with its subsidiaries, provides mobile telecommunication services. The company purchases, delivers, installs, manages, and maintains mobile telephone systems. It also offers WiMAX services, network consultancy and cloud solutions, and tower infrastructure services. In addition, the company invests in investment securities. It operates in Kuwait, Jordan, Iraq, Bahrain, the Kingdom of Saudi Arabia, Lebanon, Sudan, and South Sudan. The company was incorporated in 1983 and is headquartered in Kuwait City, Kuwait.
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Frequently Asked Questions
Is Zain (ZAIN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Zain 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 Zain's debt ratio?
Zain's debt ratio is 89.0% 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 36.2%.
What are Zain's key financial metrics?
Zain has a market capitalization of $2.4B, trailing P/E ratio of 11.1, and revenue of $2.3B. The company maintains a gross margin of 65.0% and a net margin of 10.4%. Return on equity stands at 14.4%.
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.