Total Compliant Stocks
Compliance Rate
Certifying Bodies
Approved by All Three
Shariah Compliance Matrix
The chart below shows the level of agreement among the three Shariah certifying bodies on Saudi-listed stocks:
133
102
22
133 All Three
102 Two Certifiers
22 One Certifier
R
254 Al Rajhi Capital
O
161 Dr. Muhammad Al-Osaimi
B
210 Al Bilad Capital
Source: Argaam — Last updated: March 19, 2026
R
Al Rajhi Capital Stocks
254 stocks
Issues the "pure stocks" list quarterly — one of the most widely followed and trusted Shariah lists in Saudi Arabia.
Stocks Approved by Al Rajhi Capital (Top 20 by Market Cap)
254 shares
1 Saudi Aramco 2222
27.00 SAR 15.72M shares
2 Al Rajhi Bank 1120
104.30 SAR 2.66M shares
3 Maaden 1211
64.50 SAR 1.74M shares
4 STC 7010
42.24 SAR 2.14M shares
5 SABIC 2010
58.95 SAR 3.45M shares
6 ACWA Power 2082
166.90 SAR 368.76K shares
7 Dr. Sulaiman Al Habib 4013
249.10 SAR 148.62K shares
8 Alinma Bank 1150
28.74 SAR 4.21M shares
9 SABIC Agri-Nutrients 2020
141.00 SAR 1.81M shares
10 Saudi Electricity 5110
16.00 SAR 6.41M shares
11 Mobily 7020
66.35 SAR 958.33K shares
12 Almarai 2280
42.74 SAR 650.15K shares
13 Elm 7203
542.50 SAR 111.55K shares
14 Bank Albilad 1140
26.78 SAR 1.49M shares
15 Bahri 4030
32.24 SAR 677.36K shares
16 Bupa Arabia 8210
174.00 SAR 109.57K shares
17 Massar 4325
16.50 SAR 3.03M shares
18 Solutions 7202
191.90 SAR 120.22K shares
19 Petro Rabigh 2380
9.74 SAR 8.73M shares
20 Dar Al Arkan 4300
18.37 SAR 1.24M shares
21 Yansab 2290
34.36 SAR 2.48M shares
22 Tawuniya 8010
128.40 SAR 201.01K shares
23 Jabal Omar 4250
15.96 SAR 5.68M shares
24 EIC 1303
16.42 SAR 5.56M shares
25 ADES Holding 2382
16.21 SAR 3.06M shares
26 Riyadh Cables 4142
117.10 SAR 303.77K shares
27 Luberef 2223
101.90 SAR 299.21K shares
28 Makkah Construction 4100
84.20 SAR 77.44K shares
29 Tadawul Group 1111
140.10 SAR 299.81K shares
30 Jarir 4190
13.93 SAR 1.37M shares
31 Americana 6015
1.96 SAR 26.59M shares
32 Bank AlJazira 1020
11.59 SAR 2.63M shares
33 Mouwasat 4002
71.10 SAR 551.57K shares
34 Nahdi Medical 4164
105.70 SAR 212.25K shares
35 Aldrees 4200
130.90 SAR 364.79K shares
36 SAL 4263
161.20 SAR 159.66K shares
37 Dallah Healthcare 4004
124.60 SAR 236.61K shares
38 Astra Industrial 1212
152.20 SAR 50.58K shares
39 Sipchem 2310
15.27 SAR 3.35M shares
40 Rasan 8313
134.10 SAR 325.01K shares
41 Zain KSA 7030
11.34 SAR 1.46M shares
42 Alrajhi Takaful 8230
101.80 SAR 380.25K shares
43 Jamjoom Pharma 4015
142.00 SAR 46.50K shares
44 Taiba 4090
36.14 SAR 88.78K shares
45 SIIG 2250
13.14 SAR 987.16K shares
46 Flynas 4264
51.20 SAR 518.32K shares
47 Emaar EC 4220
9.82 SAR 322.95K shares
48 Cenomi Centers 4321
17.30 SAR 949.26K shares
49 AMAK 1322
87.80 SAR 269.41K shares
50 Savola Group 2050
26.08 SAR 671.23K shares
51 Saudi Kayan 2350
5.13 SAR 10.41M shares
52 Marafiq 2083
30.76 SAR 925.50K shares
53 Fakeeh Care 4017
32.40 SAR 105.44K shares
54 SRMG 4210
88.00 SAR 109.75K shares
55 Arabian Drilling 2381
77.50 SAR 418.86K shares
56 Retal 4322
13.71 SAR 1.06M shares
57 SADAFCO 2270
205.40 SAR 25.80K shares
58 Alarabia 4071
115.70 SAR 86.65K shares
59 Chemical 2230
7.45 SAR 3.64M shares
60 eXtra 4003
80.00 SAR 236.57K shares
61 Almoosa 4018
137.10 SAR 32.42K shares
62 Saudi Gas 2080
80.80 SAR 266.88K shares
63 Advanced 2330
23.29 SAR 3.84M shares
64 SGS 4031
32.16 SAR 328.67K shares
65 Tasnee 2060
8.83 SAR 1.47M shares
66 CARE 4005
130.70 SAR 134.80K shares
67 Catrion 6004
69.40 SAR 277.20K shares
68 Abdullah Al Othaim Markets 4001
6.16 SAR 1.51M shares
69 Seera 1810
20.06 SAR 685.22K shares
70 Derayah 4084
21.93 SAR 713.80K shares
71 BinDawood 4161
4.67 SAR 674.30K shares
72 Saudi Cement 3030
34.60 SAR 178.62K shares
73 Saudi Real Estate 4020
14.07 SAR 1.20M shares
74 Yamama Cement 3020
25.62 SAR 394.80K shares
75 NADEC 6010
17.19 SAR 402.47K shares
76 National Education 4291
111.90 SAR 86.30K shares
77 MIS 7200
160.00 SAR 37.09K shares
78 Qassim Cement 3040
43.48 SAR 225.86K shares
79 East Pipes 1321
151.00 SAR 597.24K shares
80 SMC Healthcare 4019
17.70 SAR 1.52M shares
81 Budget Saudi 4260
42.12 SAR 210.51K shares
82 Al Dawaa 4163
51.75 SAR 144.42K shares
83 Leejam Sports 1830
83.40 SAR 99.01K shares
84 Al Tayyar 4150
18.58 SAR 257.85K shares
85 Al Majed Oud 4165
167.80 SAR 72.75K shares
86 Al Babtain 2320
64.90 SAR 329.70K shares
87 Saudi Re 8200
24.36 SAR 743.02K shares
88 Alhammadi 4007
25.72 SAR 249.27K shares
89 Alkhorayef 2081
116.90 SAR 89.68K shares
90 Knowledge Economic City 4310
11.27 SAR 267.49K shares
91 SASCO 4050
53.80 SAR 94.26K shares
92 SPIMACO 2070
29.94 SAR 663.98K shares
93 Southern Cement 3050
23.26 SAR 66.08K shares
94 Saudi German Health 4009
34.94 SAR 767.74K shares
95 Tasheel 4083
124.60 SAR 108.57K shares
96 First Mills 2283
54.90 SAR 163.59K shares
97 Al Munjim 4162
49.84 SAR 419.04K shares
98 Etihad GO Telecom 7040
85.95 SAR 244.93K shares
99 Saudi Ceramics 2040
28.66 SAR 653.66K shares
100 Riyadh Cement 3092
23.74 SAR 90.23K shares
101 Bawan 1302
47.32 SAR 746.79K shares
102 Maharah 1831
6.10 SAR 6.22M shares
103 SISCO Holding 2190
33.28 SAR 777.62K shares
104 Almajediah 4326
8.93 SAR 770.14K shares
105 Miyahuna 2084
15.70 SAR 607.98K shares
106 Jahez 6017
12.19 SAR 773.62K shares
107 Al Ramz 4327
55.70 SAR 74.41K shares
108 Ataa 4292
56.10 SAR 66.19K shares
109 Alsaif Gallery 4192
6.69 SAR 150.83K shares
110 Arabian Cement 3010
23.40 SAR 160.51K shares
111 Yanbu Cement 3060
14.78 SAR 293.28K shares
112 Tubi 7204
6.93 SAR 463.33K shares
113 Modern Mills 2284
28.10 SAR 71.44K shares
114 Almasar Alshamil 6019
21.89 SAR 313.08K shares
115 Al Rajhi REIT 4340
8.09 SAR 229.57K shares
116 Senaat 2240
36.16 SAR 391.07K shares
117 SMASCO 1834
5.37 SAR 2.58M shares
118 JAZ 4146
13.63 SAR 148.11K shares
119 Fourth Mills 2286
3.93 SAR 1.01M shares
120 Eastern Cement 3080
24.34 SAR 88.73K shares
121 Lumi 4262
38.02 SAR 216.65K shares
122 Theeb Rent A Car 4261
31.46 SAR 151.95K shares
123 SSP 1320
41.04 SAR 369.44K shares
124 Jadwa REIT Saudi 4342
11.09 SAR 115.59K shares
125 Arabian Mills 2285
40.20 SAR 36.05K shares
126 SPM 2300
53.50 SAR 94.06K shares
127 Avalon Pharma 4016
98.25 SAR 69.61K shares
128 Alujain 2170
27.84 SAR 1.68M shares
129 MedGulf 8030
13.94 SAR 273.25K shares
130 City Cement 3003
13.00 SAR 341.36K shares
131 Alyamamah Steel 1304
35.20 SAR 172.99K shares
132 Cenomi Retail 4240
14.35 SAR 707.48K shares
133 Al Mawarid 1833
79.70 SAR 71.53K shares
134 Al Jouf 6070
52.55 SAR 133.23K shares
135 Bonyan REIT 4347
9.46 SAR 25.14K shares
136 MEPCO 1202
17.24 SAR 455.91K shares
137 SHL 1183
14.47 SAR 121.30K shares
138 Al-Aseel 4012
3.57 SAR 480.56K shares
139 Al Andalus 4320
15.25 SAR 196.57K shares
140 Nice One 4193
12.20 SAR 325.60K shares
141 Sumou 4323
28.02 SAR 102.14K shares
142 SEDCO Capital REIT 4344
7.08 SAR 411.42K shares
143 Talco 4143
33.00 SAR 53.20K shares
144 Azm 7211
21.85 SAR 56.34K shares
145 GIG 8250
23.99 SAR 97.37K shares
146 Zoujaj 2150
37.72 SAR 203.38K shares
147 Northern Cement 3004
6.87 SAR 176.08K shares
148 Tamkeen 1835
46.50 SAR 51.68K shares
149 BATEC 4110
2.00 SAR 4.88M shares
150 Nayifat 4081
9.93 SAR 143.00K shares
151 Walaa 8060
8.94 SAR 503.40K shares
152 Gulf Training 4290
17.48 SAR 293.12K shares
153 SAPTCO 4040
8.99 SAR 567.93K shares
154 Saudi Cable 2110
165.70 SAR 21.54K shares
155 Al-Hassan Shaker 1214
16.15 SAR 134.38K shares
156 APC 2200
5.43 SAR 14.41M shares
157 Tanmiah 2281
53.60 SAR 70.89K shares
158 Halwani Bros 6001
30.18 SAR 10.77K shares
159 Red Sea International 4230
21.85 SAR 355.87K shares
160 Sinad Holding 4080
8.30 SAR 108.44K shares
161 Najran Cement 3002
6.30 SAR 225.09K shares
162 Al Amar 6014
41.14 SAR 132.19K shares
163 Ayan 2140
10.30 SAR 365.86K shares
164 Naqi 2282
51.80 SAR 23.78K shares
165 Amlak 1182
10.01 SAR 896.15K shares
166 Nasij 1213
23.24 SAR 115.54K shares
167 UCIC 1323
24.58 SAR 151.97K shares
168 Herfy Foods 6002
14.84 SAR 116.26K shares
169 SAIC 2120
16.25 SAR 726.49K shares
170 Equipment House 4014
31.00 SAR 57.03K shares
171 AlAhli REIT 1 4338
6.55 SAR 61.40K shares
172 MISK 2370
22.45 SAR 410.43K shares
173 Riyad REIT 4330
5.03 SAR 73.27K shares
174 Abu Moati 4191
43.12 SAR 205.92K shares
175 Arabian Shield 8070
10.60 SAR 87.85K shares
176 Shams 4170
14.49 SAR 693.72K shares
177 Alinma Hospitality REIT 4349
7.99 SAR 69.03K shares
178 Artex 2340
10.02 SAR 85.73K shares
179 SACO 4008
25.78 SAR 54.80K shares
180 Raoum 4144
64.40 SAR 205.51K shares
181 Al Andiya 6018
7.01 SAR 1.30M shares
182 Alkhabeer REIT 4348
5.60 SAR 72.16K shares
183 Intaj 2287
26.28 SAR 59.66K shares
184 Obeikan Glass 4145
24.26 SAR 132.34K shares
185 Shari 4265
25.38 SAR 471.88K shares
186 Build Station 4194
47.52 SAR 121.01K shares
187 Tabuk Cement 3090
8.41 SAR 90.13K shares
188 Jazira Takaful 8012
11.41 SAR 70.89K shares
189 SARCO 2030
49.92 SAR 115.99K shares
190 Ftihi Group 4180
2.53 SAR 584.01K shares
191 Umm Al-Qura Cement 3005
12.33 SAR 120.34K shares
192 Banan 4324
3.38 SAR 99.67K shares
193 BCI 1210
24.38 SAR 46.07K shares
194 CGS 4147
6.70 SAR 546.06K shares
195 Chubb 8240
16.30 SAR 355.19K shares
196 MRNA 4082
8.41 SAR 10.39K shares
197 Amiantit 2160
13.40 SAR 314.73K shares
198 Farm Superstores 4006
12.98 SAR 38.86K shares
199 Baan 1820
1.78 SAR 8.58M shares
200 Jouf Cement 3091
5.14 SAR 530.91K shares
201 Derayah REIT 4339
5.19 SAR 39.10K shares
202 Alinma Retail REIT 4345
4.69 SAR 34.98K shares
203 Chemanol 2001
8.18 SAR 1.52M shares
204 Al Maather REIT 4334
8.96 SAR 13.26K shares
205 Baazeem 4051
5.33 SAR 438.37K shares
206 Mutakamela 8040
8.90 SAR 63.39K shares
207 Oasis 3007
2.34 SAR 966.51K shares
208 Taleem REIT 4333
9.99 SAR 16.44K shares
209 Wataniya 8300
12.22 SAR 98.60K shares
210 Aslak 1301
17.32 SAR 315.64K shares
211 NGC 2090
15.10 SAR 96.88K shares
212 Printing & Packaging 4270
7.25 SAR 62.48K shares
213 Gulf Union 8120
10.30 SAR 54.57K shares
214 Nama Chemicals 2210
19.95 SAR 219.71K shares
215 Mulkia REIT 4336
4.52 SAR 95.10K shares
216 Wafrah 2100
19.46 SAR 49.50K shares
217 Alkathiri 3008
1.98 SAR 1.77M shares
218 SADR 1832
2.55 SAR 549.82K shares
219 Sadarat 4140
2.28 SAR 5.17M shares
220 Saudi DARB 4130
2.03 SAR 3.16M shares
221 JADCO 6090
8.79 SAR 42.95K shares
222 Malath Insurance 8020
8.77 SAR 62.84K shares
223 Burgerizzr 6016
7.72 SAR 618.74K shares
224 AICC 8160
8.08 SAR 47.07K shares
225 Maadaniyah 2220
12.09 SAR 261.88K shares
226 CMCER 4021
5.55 SAR 1.09M shares
227 GACO 6020
14.14 SAR 175.84K shares
228 Takween 1201
5.39 SAR 89.25K shares
229 LIVA 8280
10.04 SAR 20.83K shares
230 SADECO 6060
12.62 SAR 60.49K shares
231 Musharaka REIT 4335
4.24 SAR 13.06K shares
232 Arabian Sea 7201
3.61 SAR 350.95K shares
233 FIPCO 2180
29.06 SAR 65.71K shares
234 SIDQ 2130
10.91 SAR 766.25K shares
235 Tihama 4070
14.12 SAR 74.14K shares
236 Anaam Holding 4061
10.24 SAR 175.61K shares
237 Jadwa REIT Alharamain 4332
4.88 SAR 146.75K shares
238 Aletihad 8170
6.20 SAR 398.73K shares
239 Al Aziziyah REIT 4337
5.41 SAR 350.08K shares
240 National Fisheries 6050
44.02 SAR 90.67K shares
241 Alsagr Insurance 8180
9.54 SAR 220.96K shares
242 SVCP 2360
19.06 SAR 40.83K shares
243 MEFIC REIT 4346
3.58 SAR 333.04K shares
244 Tabuk Agriculture 6040
6.69 SAR 242.62K shares
245 Food Development 6013
87.00 SAR 26.08K shares
246 Al-Omran 4141
21.60 SAR 20.29K shares
247 Thimar 4160
35.20 SAR 43.92K shares
248 Salama 8050
7.52 SAR 80.80K shares
249 Enaya 8311
8.63 SAR 230.31K shares
250 ACIG 8150
6.39 SAR 120.52K shares
251 Aljazira REIT 4331
11.14 SAR 24.41K shares
252 Raydan 6012
17.92 SAR 13.66K shares
253 UCA 8190
3.03 SAR 186.22K shares
254 Gulf General 8260
3.69 SAR 105.96K shares
O
Dr. Muhammad Al-Osaimi Stocks
161 stocks
Issues an independent compliant stocks list with rigorous Shariah screening criteria reviewed periodically.
Stocks Approved by Dr. Muhammad Al-Osaimi (Top 20 by Market Cap)
161 shares
1 STC 7010
42.24 SAR 2.14M shares
2 Dr. Sulaiman Al Habib 4013
249.10 SAR 148.62K shares
3 SABIC Agri-Nutrients 2020
141.00 SAR 1.81M shares
4 Mobily 7020
66.35 SAR 958.33K shares
5 Almarai 2280
42.74 SAR 650.15K shares
6 Elm 7203
542.50 SAR 111.55K shares
7 Bahri 4030
32.24 SAR 677.36K shares
8 Massar 4325
16.50 SAR 3.03M shares
9 Solutions 7202
191.90 SAR 120.22K shares
10 Dar Al Arkan 4300
18.37 SAR 1.24M shares
11 Yansab 2290
34.36 SAR 2.48M shares
12 Jabal Omar 4250
15.96 SAR 5.68M shares
13 EIC 1303
16.42 SAR 5.56M shares
14 Riyadh Cables 4142
117.10 SAR 303.77K shares
15 Luberef 2223
101.90 SAR 299.21K shares
16 Makkah Construction 4100
84.20 SAR 77.44K shares
17 Jarir 4190
13.93 SAR 1.37M shares
18 Nahdi Medical 4164
105.70 SAR 212.25K shares
19 Aldrees 4200
130.90 SAR 364.79K shares
20 Dallah Healthcare 4004
124.60 SAR 236.61K shares
21 Astra Industrial 1212
152.20 SAR 50.58K shares
22 Sipchem 2310
15.27 SAR 3.35M shares
23 Taiba 4090
36.14 SAR 88.78K shares
24 SIIG 2250
13.14 SAR 987.16K shares
25 Flynas 4264
51.20 SAR 518.32K shares
26 Cenomi Centers 4321
17.30 SAR 949.26K shares
27 AMAK 1322
87.80 SAR 269.41K shares
28 Saudi Kayan 2350
5.13 SAR 10.41M shares
29 Marafiq 2083
30.76 SAR 925.50K shares
30 Arabian Drilling 2381
77.50 SAR 418.86K shares
31 Retal 4322
13.71 SAR 1.06M shares
32 SADAFCO 2270
205.40 SAR 25.80K shares
33 Alarabia 4071
115.70 SAR 86.65K shares
34 Chemical 2230
7.45 SAR 3.64M shares
35 Saudi Gas 2080
80.80 SAR 266.88K shares
36 Advanced 2330
23.29 SAR 3.84M shares
37 SGS 4031
32.16 SAR 328.67K shares
38 Abdullah Al Othaim Markets 4001
6.16 SAR 1.51M shares
39 Seera 1810
20.06 SAR 685.22K shares
40 BinDawood 4161
4.67 SAR 674.30K shares
41 Saudi Cement 3030
34.60 SAR 178.62K shares
42 Yamama Cement 3020
25.62 SAR 394.80K shares
43 NADEC 6010
17.19 SAR 402.47K shares
44 National Education 4291
111.90 SAR 86.30K shares
45 Qassim Cement 3040
43.48 SAR 225.86K shares
46 East Pipes 1321
151.00 SAR 597.24K shares
47 Budget Saudi 4260
42.12 SAR 210.51K shares
48 Al Dawaa 4163
51.75 SAR 144.42K shares
49 Leejam Sports 1830
83.40 SAR 99.01K shares
50 Al Tayyar 4150
18.58 SAR 257.85K shares
51 Al Majed Oud 4165
167.80 SAR 72.75K shares
52 Al Babtain 2320
64.90 SAR 329.70K shares
53 Alkhorayef 2081
116.90 SAR 89.68K shares
54 Knowledge Economic City 4310
11.27 SAR 267.49K shares
55 SASCO 4050
53.80 SAR 94.26K shares
56 Tasheel 4083
124.60 SAR 108.57K shares
57 Al Munjim 4162
49.84 SAR 419.04K shares
58 Etihad GO Telecom 7040
85.95 SAR 244.93K shares
59 Saudi Ceramics 2040
28.66 SAR 653.66K shares
60 Bawan 1302
47.32 SAR 746.79K shares
61 Maharah 1831
6.10 SAR 6.22M shares
62 Ataa 4292
56.10 SAR 66.19K shares
63 Alsaif Gallery 4192
6.69 SAR 150.83K shares
64 Arabian Cement 3010
23.40 SAR 160.51K shares
65 Tubi 7204
6.93 SAR 463.33K shares
66 Al Rajhi REIT 4340
8.09 SAR 229.57K shares
67 Senaat 2240
36.16 SAR 391.07K shares
68 SMASCO 1834
5.37 SAR 2.58M shares
69 Fourth Mills 2286
3.93 SAR 1.01M shares
70 Eastern Cement 3080
24.34 SAR 88.73K shares
71 Lumi 4262
38.02 SAR 216.65K shares
72 Theeb Rent A Car 4261
31.46 SAR 151.95K shares
73 Jadwa REIT Saudi 4342
11.09 SAR 115.59K shares
74 Arabian Mills 2285
40.20 SAR 36.05K shares
75 Avalon Pharma 4016
98.25 SAR 69.61K shares
76 Alujain 2170
27.84 SAR 1.68M shares
77 City Cement 3003
13.00 SAR 341.36K shares
78 Al Mawarid 1833
79.70 SAR 71.53K shares
79 Al Jouf 6070
52.55 SAR 133.23K shares
80 Bonyan REIT 4347
9.46 SAR 25.14K shares
81 SHL 1183
14.47 SAR 121.30K shares
82 Al-Aseel 4012
3.57 SAR 480.56K shares
83 Al Andalus 4320
15.25 SAR 196.57K shares
84 Nice One 4193
12.20 SAR 325.60K shares
85 Sumou 4323
28.02 SAR 102.14K shares
86 SEDCO Capital REIT 4344
7.08 SAR 411.42K shares
87 Talco 4143
33.00 SAR 53.20K shares
88 Azm 7211
21.85 SAR 56.34K shares
89 Zoujaj 2150
37.72 SAR 203.38K shares
90 Northern Cement 3004
6.87 SAR 176.08K shares
91 Tamkeen 1835
46.50 SAR 51.68K shares
92 BATEC 4110
2.00 SAR 4.88M shares
93 Nayifat 4081
9.93 SAR 143.00K shares
94 Gulf Training 4290
17.48 SAR 293.12K shares
95 SAPTCO 4040
8.99 SAR 567.93K shares
96 Saudi Cable 2110
165.70 SAR 21.54K shares
97 Al-Hassan Shaker 1214
16.15 SAR 134.38K shares
98 APC 2200
5.43 SAR 14.41M shares
99 Tanmiah 2281
53.60 SAR 70.89K shares
100 Halwani Bros 6001
30.18 SAR 10.77K shares
101 Red Sea International 4230
21.85 SAR 355.87K shares
102 Sinad Holding 4080
8.30 SAR 108.44K shares
103 Najran Cement 3002
6.30 SAR 225.09K shares
104 Al Amar 6014
41.14 SAR 132.19K shares
105 Naqi 2282
51.80 SAR 23.78K shares
106 Amlak 1182
10.01 SAR 896.15K shares
107 Herfy Foods 6002
14.84 SAR 116.26K shares
108 SAIC 2120
16.25 SAR 726.49K shares
109 Equipment House 4014
31.00 SAR 57.03K shares
110 MISK 2370
22.45 SAR 410.43K shares
111 Riyad REIT 4330
5.03 SAR 73.27K shares
112 Abu Moati 4191
43.12 SAR 205.92K shares
113 Shams 4170
14.49 SAR 693.72K shares
114 Alinma Hospitality REIT 4349
7.99 SAR 69.03K shares
115 Artex 2340
10.02 SAR 85.73K shares
116 SACO 4008
25.78 SAR 54.80K shares
117 Raoum 4144
64.40 SAR 205.51K shares
118 Alkhabeer REIT 4348
5.60 SAR 72.16K shares
119 Intaj 2287
26.28 SAR 59.66K shares
120 Obeikan Glass 4145
24.26 SAR 132.34K shares
121 Tabuk Cement 3090
8.41 SAR 90.13K shares
122 SARCO 2030
49.92 SAR 115.99K shares
123 Ftihi Group 4180
2.53 SAR 584.01K shares
124 Umm Al-Qura Cement 3005
12.33 SAR 120.34K shares
125 Banan 4324
3.38 SAR 99.67K shares
126 BCI 1210
24.38 SAR 46.07K shares
127 Lazurde 4011
11.48 SAR 139.27K shares
128 MRNA 4082
8.41 SAR 10.39K shares
129 Amiantit 2160
13.40 SAR 314.73K shares
130 Baan 1820
1.78 SAR 8.58M shares
131 Derayah REIT 4339
5.19 SAR 39.10K shares
132 Alinma Retail REIT 4345
4.69 SAR 34.98K shares
133 Chemanol 2001
8.18 SAR 1.52M shares
134 Baazeem 4051
5.33 SAR 438.37K shares
135 Oasis 3007
2.34 SAR 966.51K shares
136 Taleem REIT 4333
9.99 SAR 16.44K shares
137 Aslak 1301
17.32 SAR 315.64K shares
138 NGC 2090
15.10 SAR 96.88K shares
139 Nama Chemicals 2210
19.95 SAR 219.71K shares
140 Mulkia REIT 4336
4.52 SAR 95.10K shares
141 Wafrah 2100
19.46 SAR 49.50K shares
142 SADR 1832
2.55 SAR 549.82K shares
143 Sadarat 4140
2.28 SAR 5.17M shares
144 Saudi DARB 4130
2.03 SAR 3.16M shares
145 JADCO 6090
8.79 SAR 42.95K shares
146 Burgerizzr 6016
7.72 SAR 618.74K shares
147 Maadaniyah 2220
12.09 SAR 261.88K shares
148 CMCER 4021
5.55 SAR 1.09M shares
149 GACO 6020
14.14 SAR 175.84K shares
150 Musharaka REIT 4335
4.24 SAR 13.06K shares
151 FIPCO 2180
29.06 SAR 65.71K shares
152 SIDQ 2130
10.91 SAR 766.25K shares
153 Anaam Holding 4061
10.24 SAR 175.61K shares
154 Al Aziziyah REIT 4337
5.41 SAR 350.08K shares
155 SVCP 2360
19.06 SAR 40.83K shares
156 MEFIC REIT 4346
3.58 SAR 333.04K shares
157 Tabuk Agriculture 6040
6.69 SAR 242.62K shares
158 Food Development 6013
87.00 SAR 26.08K shares
159 Thimar 4160
35.20 SAR 43.92K shares
160 Aljazira REIT 4331
11.14 SAR 24.41K shares
161 Raydan 6012
17.92 SAR 13.66K shares
B
Al Bilad Capital Stocks
210 stocks
Issues an independent compliant stocks list according to its Shariah board, authorized by Bank Albilad.
Stocks Approved by Al Bilad Capital (Top 20 by Market Cap)
210 shares
1 Saudi Aramco 2222
27.00 SAR 15.72M shares
2 Al Rajhi Bank 1120
104.30 SAR 2.66M shares
3 Maaden 1211
64.50 SAR 1.74M shares
4 STC 7010
42.24 SAR 2.14M shares
5 SABIC 2010
58.95 SAR 3.45M shares
6 ACWA Power 2082
166.90 SAR 368.76K shares
7 Dr. Sulaiman Al Habib 4013
249.10 SAR 148.62K shares
8 Alinma Bank 1150
28.74 SAR 4.21M shares
9 SABIC Agri-Nutrients 2020
141.00 SAR 1.81M shares
10 Saudi Electricity 5110
16.00 SAR 6.41M shares
11 Mobily 7020
66.35 SAR 958.33K shares
12 Almarai 2280
42.74 SAR 650.15K shares
13 Elm 7203
542.50 SAR 111.55K shares
14 Bank Albilad 1140
26.78 SAR 1.49M shares
15 Bahri 4030
32.24 SAR 677.36K shares
16 Bupa Arabia 8210
174.00 SAR 109.57K shares
17 Solutions 7202
191.90 SAR 120.22K shares
18 Petro Rabigh 2380
9.74 SAR 8.73M shares
19 Dar Al Arkan 4300
18.37 SAR 1.24M shares
20 Yansab 2290
34.36 SAR 2.48M shares
21 Tawuniya 8010
128.40 SAR 201.01K shares
22 Jabal Omar 4250
15.96 SAR 5.68M shares
23 EIC 1303
16.42 SAR 5.56M shares
24 Makkah Construction 4100
84.20 SAR 77.44K shares
25 Tadawul Group 1111
140.10 SAR 299.81K shares
26 Jarir 4190
13.93 SAR 1.37M shares
27 Bank AlJazira 1020
11.59 SAR 2.63M shares
28 Mouwasat 4002
71.10 SAR 551.57K shares
29 Nahdi Medical 4164
105.70 SAR 212.25K shares
30 Aldrees 4200
130.90 SAR 364.79K shares
31 Dallah Healthcare 4004
124.60 SAR 236.61K shares
32 Astra Industrial 1212
152.20 SAR 50.58K shares
33 Sipchem 2310
15.27 SAR 3.35M shares
34 Zain KSA 7030
11.34 SAR 1.46M shares
35 Alrajhi Takaful 8230
101.80 SAR 380.25K shares
36 Taiba 4090
36.14 SAR 88.78K shares
37 SIIG 2250
13.14 SAR 987.16K shares
38 Emaar EC 4220
9.82 SAR 322.95K shares
39 Cenomi Centers 4321
17.30 SAR 949.26K shares
40 AMAK 1322
87.80 SAR 269.41K shares
41 Savola Group 2050
26.08 SAR 671.23K shares
42 Saudi Kayan 2350
5.13 SAR 10.41M shares
43 SRMG 4210
88.00 SAR 109.75K shares
44 SADAFCO 2270
205.40 SAR 25.80K shares
45 Alarabia 4071
115.70 SAR 86.65K shares
46 Chemical 2230
7.45 SAR 3.64M shares
47 eXtra 4003
80.00 SAR 236.57K shares
48 Saudi Gas 2080
80.80 SAR 266.88K shares
49 Advanced 2330
23.29 SAR 3.84M shares
50 SGS 4031
32.16 SAR 328.67K shares
51 Tasnee 2060
8.83 SAR 1.47M shares
52 CARE 4005
130.70 SAR 134.80K shares
53 Catrion 6004
69.40 SAR 277.20K shares
54 Abdullah Al Othaim Markets 4001
6.16 SAR 1.51M shares
55 Seera 1810
20.06 SAR 685.22K shares
56 BinDawood 4161
4.67 SAR 674.30K shares
57 Saudi Cement 3030
34.60 SAR 178.62K shares
58 Saudi Real Estate 4020
14.07 SAR 1.20M shares
59 Yamama Cement 3020
25.62 SAR 394.80K shares
60 NADEC 6010
17.19 SAR 402.47K shares
61 National Education 4291
111.90 SAR 86.30K shares
62 MIS 7200
160.00 SAR 37.09K shares
63 Qassim Cement 3040
43.48 SAR 225.86K shares
64 East Pipes 1321
151.00 SAR 597.24K shares
65 Budget Saudi 4260
42.12 SAR 210.51K shares
66 Al Dawaa 4163
51.75 SAR 144.42K shares
67 Leejam Sports 1830
83.40 SAR 99.01K shares
68 Al Tayyar 4150
18.58 SAR 257.85K shares
69 Al Babtain 2320
64.90 SAR 329.70K shares
70 Saudi Re 8200
24.36 SAR 743.02K shares
71 Alhammadi 4007
25.72 SAR 249.27K shares
72 Alkhorayef 2081
116.90 SAR 89.68K shares
73 Knowledge Economic City 4310
11.27 SAR 267.49K shares
74 SASCO 4050
53.80 SAR 94.26K shares
75 SPIMACO 2070
29.94 SAR 663.98K shares
76 Southern Cement 3050
23.26 SAR 66.08K shares
77 Saudi German Health 4009
34.94 SAR 767.74K shares
78 Al Munjim 4162
49.84 SAR 419.04K shares
79 Etihad GO Telecom 7040
85.95 SAR 244.93K shares
80 Saudi Ceramics 2040
28.66 SAR 653.66K shares
81 Riyadh Cement 3092
23.74 SAR 90.23K shares
82 Bawan 1302
47.32 SAR 746.79K shares
83 Maharah 1831
6.10 SAR 6.22M shares
84 SISCO Holding 2190
33.28 SAR 777.62K shares
85 Jahez 6017
12.19 SAR 773.62K shares
86 Ataa 4292
56.10 SAR 66.19K shares
87 Arabian Cement 3010
23.40 SAR 160.51K shares
88 Yanbu Cement 3060
14.78 SAR 293.28K shares
89 Al Rajhi REIT 4340
8.09 SAR 229.57K shares
90 Senaat 2240
36.16 SAR 391.07K shares
91 JAZ 4146
13.63 SAR 148.11K shares
92 Eastern Cement 3080
24.34 SAR 88.73K shares
93 Theeb Rent A Car 4261
31.46 SAR 151.95K shares
94 SSP 1320
41.04 SAR 369.44K shares
95 Jadwa REIT Saudi 4342
11.09 SAR 115.59K shares
96 SPM 2300
53.50 SAR 94.06K shares
97 Alujain 2170
27.84 SAR 1.68M shares
98 MedGulf 8030
13.94 SAR 273.25K shares
99 City Cement 3003
13.00 SAR 341.36K shares
100 Alyamamah Steel 1304
35.20 SAR 172.99K shares
101 Cenomi Retail 4240
14.35 SAR 707.48K shares
102 Al Jouf 6070
52.55 SAR 133.23K shares
103 Bonyan REIT 4347
9.46 SAR 25.14K shares
104 MEPCO 1202
17.24 SAR 455.91K shares
105 SHL 1183
14.47 SAR 121.30K shares
106 Al-Aseel 4012
3.57 SAR 480.56K shares
107 Al Andalus 4320
15.25 SAR 196.57K shares
108 Sumou 4323
28.02 SAR 102.14K shares
109 SEDCO Capital REIT 4344
7.08 SAR 411.42K shares
110 Azm 7211
21.85 SAR 56.34K shares
111 GIG 8250
23.99 SAR 97.37K shares
112 Zoujaj 2150
37.72 SAR 203.38K shares
113 Northern Cement 3004
6.87 SAR 176.08K shares
114 BATEC 4110
2.00 SAR 4.88M shares
115 Nayifat 4081
9.93 SAR 143.00K shares
116 Walaa 8060
8.94 SAR 503.40K shares
117 Gulf Training 4290
17.48 SAR 293.12K shares
118 SAPTCO 4040
8.99 SAR 567.93K shares
119 Saudi Cable 2110
165.70 SAR 21.54K shares
120 Al-Hassan Shaker 1214
16.15 SAR 134.38K shares
121 APC 2200
5.43 SAR 14.41M shares
122 Tanmiah 2281
53.60 SAR 70.89K shares
123 Halwani Bros 6001
30.18 SAR 10.77K shares
124 Red Sea International 4230
21.85 SAR 355.87K shares
125 Sinad Holding 4080
8.30 SAR 108.44K shares
126 Najran Cement 3002
6.30 SAR 225.09K shares
127 Ayan 2140
10.30 SAR 365.86K shares
128 Amlak 1182
10.01 SAR 896.15K shares
129 Nasij 1213
23.24 SAR 115.54K shares
130 Herfy Foods 6002
14.84 SAR 116.26K shares
131 SAIC 2120
16.25 SAR 726.49K shares
132 AlAhli REIT 1 4338
6.55 SAR 61.40K shares
133 MISK 2370
22.45 SAR 410.43K shares
134 Riyad REIT 4330
5.03 SAR 73.27K shares
135 Abu Moati 4191
43.12 SAR 205.92K shares
136 Arabian Shield 8070
10.60 SAR 87.85K shares
137 Shams 4170
14.49 SAR 693.72K shares
138 Artex 2340
10.02 SAR 85.73K shares
139 SACO 4008
25.78 SAR 54.80K shares
140 Raoum 4144
64.40 SAR 205.51K shares
141 Alkhabeer REIT 4348
5.60 SAR 72.16K shares
142 Obeikan Glass 4145
24.26 SAR 132.34K shares
143 Tabuk Cement 3090
8.41 SAR 90.13K shares
144 Jazira Takaful 8012
11.41 SAR 70.89K shares
145 SARCO 2030
49.92 SAR 115.99K shares
146 Ftihi Group 4180
2.53 SAR 584.01K shares
147 Umm Al-Qura Cement 3005
12.33 SAR 120.34K shares
148 Banan 4324
3.38 SAR 99.67K shares
149 BCI 1210
24.38 SAR 46.07K shares
150 Lazurde 4011
11.48 SAR 139.27K shares
151 Chubb 8240
16.30 SAR 355.19K shares
152 Amiantit 2160
13.40 SAR 314.73K shares
153 Farm Superstores 4006
12.98 SAR 38.86K shares
154 Baan 1820
1.78 SAR 8.58M shares
155 Jouf Cement 3091
5.14 SAR 530.91K shares
156 Derayah REIT 4339
5.19 SAR 39.10K shares
157 Alinma Retail REIT 4345
4.69 SAR 34.98K shares
158 Chemanol 2001
8.18 SAR 1.52M shares
159 Al Maather REIT 4334
8.96 SAR 13.26K shares
160 Baazeem 4051
5.33 SAR 438.37K shares
161 Mutakamela 8040
8.90 SAR 63.39K shares
162 Oasis 3007
2.34 SAR 966.51K shares
163 Taleem REIT 4333
9.99 SAR 16.44K shares
164 Wataniya 8300
12.22 SAR 98.60K shares
165 Aslak 1301
17.32 SAR 315.64K shares
166 NGC 2090
15.10 SAR 96.88K shares
167 Printing & Packaging 4270
7.25 SAR 62.48K shares
168 Gulf Union 8120
10.30 SAR 54.57K shares
169 Nama Chemicals 2210
19.95 SAR 219.71K shares
170 Mulkia REIT 4336
4.52 SAR 95.10K shares
171 Wafrah 2100
19.46 SAR 49.50K shares
172 Alkathiri 3008
1.98 SAR 1.77M shares
173 SADR 1832
2.55 SAR 549.82K shares
174 Sadarat 4140
2.28 SAR 5.17M shares
175 Saudi DARB 4130
2.03 SAR 3.16M shares
176 JADCO 6090
8.79 SAR 42.95K shares
177 Malath Insurance 8020
8.77 SAR 62.84K shares
178 Burgerizzr 6016
7.72 SAR 618.74K shares
179 AICC 8160
8.08 SAR 47.07K shares
180 Maadaniyah 2220
12.09 SAR 261.88K shares
181 CMCER 4021
5.55 SAR 1.09M shares
182 GACO 6020
14.14 SAR 175.84K shares
183 Takween 1201
5.39 SAR 89.25K shares
184 LIVA 8280
10.04 SAR 20.83K shares
185 SADECO 6060
12.62 SAR 60.49K shares
186 Musharaka REIT 4335
4.24 SAR 13.06K shares
187 Arabian Sea 7201
3.61 SAR 350.95K shares
188 FIPCO 2180
29.06 SAR 65.71K shares
189 SIDQ 2130
10.91 SAR 766.25K shares
190 Tihama 4070
14.12 SAR 74.14K shares
191 Anaam Holding 4061
10.24 SAR 175.61K shares
192 Jadwa REIT Alharamain 4332
4.88 SAR 146.75K shares
193 Aletihad 8170
6.20 SAR 398.73K shares
194 Al Aziziyah REIT 4337
5.41 SAR 350.08K shares
195 National Fisheries 6050
44.02 SAR 90.67K shares
196 Alsagr Insurance 8180
9.54 SAR 220.96K shares
197 SVCP 2360
19.06 SAR 40.83K shares
198 MEFIC REIT 4346
3.58 SAR 333.04K shares
199 Tabuk Agriculture 6040
6.69 SAR 242.62K shares
200 Food Development 6013
87.00 SAR 26.08K shares
201 Al-Omran 4141
21.60 SAR 20.29K shares
202 SAICO 8100
8.45 SAR 230.97K shares
203 Amana Insurance 8310
5.77 SAR 269.55K shares
204 Salama 8050
7.52 SAR 80.80K shares
205 Enaya 8311
8.63 SAR 230.31K shares
206 ACIG 8150
6.39 SAR 120.52K shares
207 Aljazira REIT 4331
11.14 SAR 24.41K shares
208 Raydan 6012
17.92 SAR 13.66K shares
209 UCA 8190
3.03 SAR 186.22K shares
210 Gulf General 8260
3.69 SAR 105.96K shares
Shariah Screening Criteria
Prohibited Debt Ratio
Below 30%Ratio of interest-bearing debt to total market capitalization or assets
Prohibited Revenue
Below 5%Revenue derived from non-Shariah-compliant sources
Prohibited Investments
Below 30%Ratio of interest-bearing securities and deposits to total assets
Business Activity
PermissibleThe company's core business must be permissible under Islamic law
Note: Exact criteria and ratios may differ between Shariah boards. The figures shown represent the most commonly applied standards in the Saudi market.
Guide to Islamic Investing in the Saudi Market
Major Shariah-Compliant Stocks in TASI
Many of the largest companies listed on the TASI index are classified as Shariah-compliant. Notable examples include Saudi Aramco, the largest listed company, and SABIC in the petrochemicals sector. Browse the full list on the all Saudi stocks page to identify high-cap Shariah-compliant companies.
Islamic Index ETFs as an Alternative
For investors who prefer diversification without screening individual stocks, TASI exchange-traded funds offer a practical option -- some ETFs track Islamic indices that automatically exclude non-compliant stocks. These funds are supervised by authorized Shariah boards and their composition is updated periodically. You can monitor overall market performance on the Saudi market page for a comprehensive view of the investment landscape.
Profit Purification & Quarterly Reviews
Shariah-conscious investors should follow the quarterly updated lists, as some stocks may shift from pure to mixed classification based on changing financial ratios. Track daily price movements on the all shares prices page and review TASI today to monitor your Shariah portfolio. Also keep an eye on new IPOs, as many newly listed companies are Shariah-compliant.
Islamic Stocks FAQ
What are Shariah-compliant (halal) stocks?
Shariah-compliant stocks are shares of companies whose business activities and financial dealings comply with Islamic law. Companies are screened against specific criteria covering their core business, debt ratios, and prohibited revenue, then classified by authorized Shariah boards.
How many Shariah-compliant stocks are in the Saudi market?
According to the latest data, there are 257 Shariah-compliant stocks out of 266 listed on the Saudi stock exchange. Of these, 133 are approved by all three certifiers (Al Rajhi, Al-Osaimi, and Al Bilad), 102 are approved by two, and 22 by one certifier only.
Who determines the Shariah-compliant stock list in Saudi Arabia?
Three main bodies issue Shariah stock lists: Al Rajhi Capital (the "pure stocks" list), Dr. Muhammad bin Saud Al-Osaimi, and Al Bilad Capital. Each body applies its own financial and religious screening criteria that may differ in some details.
What is the difference between pure, mixed, and prohibited stocks?
Pure stocks: companies with fully permissible activities and minimal prohibited financial ratios. Mixed: permissible core business but prohibited debt or revenue ratios exceed the allowed threshold. Prohibited: core business is impermissible (e.g., conventional banks, tobacco, alcohol).
How should an investor handle dividends from mixed stocks?
Some scholars permit investing in mixed stocks on the condition that the investor purifies profits by donating the percentage that corresponds to prohibited revenue. For example, if prohibited revenue is 3%, donate 3% of profits to charity. Consult a qualified Shariah advisor for guidance.
Shariah information provided is for educational purposes only and does not constitute a religious ruling (fatwa). Consult a qualified Shariah advisor and licensed financial advisor before making investment decisions.