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
25.64 SAR 9.03M shares
2 Al Rajhi Bank 1120
64.45 SAR 5.91M shares
3 Maaden 1211
62.70 SAR 603.29K shares
4 STC 7010
43.66 SAR 1.04M shares
5 SABIC 2010
47.90 SAR 1.24M shares
6 ACWA Power 2082
172.50 SAR 285.27K shares
7 Dr. Sulaiman Al Habib 4013
227.50 SAR 194.09K shares
8 Alinma Bank 1150
24.66 SAR 2.40M shares
9 Saudi Electricity 5110
16.06 SAR 797.75K shares
10 SABIC Agri-Nutrients 2020
124.00 SAR 384.40K shares
11 Mobily 7020
63.65 SAR 621.87K shares
12 Elm 7203
595.00 SAR 52.50K shares
13 Almarai 2280
45.26 SAR 543.05K shares
14 Petro Rabigh 2380
17.20 SAR 7.04M shares
15 Bank Albilad 1140
24.57 SAR 728.21K shares
16 Bahri 4030
35.54 SAR 773.74K shares
17 Solutions 7202
222.50 SAR 128.05K shares
18 Massar 4325
16.86 SAR 650.21K shares
19 Bupa Arabia 8210
158.40 SAR 144.98K shares
20 Luberef 2223
135.30 SAR 182.63K shares
21 Tawuniya 8010
91.25 SAR 268.05K shares
22 Dar Al Arkan 4300
18.95 SAR 311.66K shares
23 Americana 6015
2.42 SAR 5.53M shares
24 Jabal Omar 4250
17.20 SAR 2.09M shares
25 Jarir 4190
16.35 SAR 3.09M shares
26 ADES Holding 2382
16.80 SAR 2.20M shares
27 Yansab 2290
31.74 SAR 408.11K shares
28 EIC 1303
15.30 SAR 1.70M shares
29 Riyadh Cables 4142
104.30 SAR 169.07K shares
30 Makkah Construction 4100
77.85 SAR 47.91K shares
31 Bank AlJazira 1020
11.74 SAR 2.50M shares
32 Tadawul Group 1111
119.50 SAR 184.92K shares
33 SAL 4263
173.00 SAR 252.31K shares
34 Mouwasat 4002
63.90 SAR 85.12K shares
35 Aldrees 4200
121.50 SAR 261.70K shares
36 Nahdi Medical 4164
91.15 SAR 71.37K shares
37 Rasan 8313
142.40 SAR 160.55K shares
38 Marafiq 2083
42.90 SAR 182.89K shares
39 Alrajhi Takaful 8230
52.60 SAR 200.89K shares
40 Astra Industrial 1212
130.80 SAR 21.15K shares
41 Jamjoom Pharma 4015
132.80 SAR 36.93K shares
42 Dallah Healthcare 4004
74.90 SAR 163.71K shares
43 Taiba 4090
18.20 SAR 45.72K shares
44 Sipchem 2310
12.31 SAR 1.50M shares
45 Zain KSA 7030
10.04 SAR 836.12K shares
46 MIS 7200
289.40 SAR 38.73K shares
47 Emaar EC 4220
9.56 SAR 173.44K shares
48 Arabian Drilling 2381
94.10 SAR 40.62K shares
49 Fakeeh Care 4017
36.30 SAR 40.36K shares
50 SIIG 2250
11.94 SAR 607.72K shares
51 Saudi Kayan 2350
5.03 SAR 3.51M shares
52 Cenomi Centers 4321
15.88 SAR 256.33K shares
53 Flynas 4264
43.70 SAR 256.24K shares
54 Savola Group 2050
25.12 SAR 269.28K shares
55 AMAK 1322
76.90 SAR 122.71K shares
56 Knowledge Economic City 4310
19.96 SAR 271.67K shares
57 East Pipes 1321
208.00 SAR 260.90K shares
58 Chemical 2230
7.40 SAR 2.90M shares
59 SADAFCO 2270
190.00 SAR 44.47K shares
60 National Education 4291
137.00 SAR 8.19K shares
61 Advanced 2330
22.12 SAR 342.22K shares
62 Tasnee 2060
8.50 SAR 442.72K shares
63 Saudi Real Estate 4020
15.10 SAR 187.08K shares
64 Seera 1810
20.59 SAR 352.38K shares
65 Catrion 6004
67.30 SAR 64.48K shares
66 CARE 4005
115.00 SAR 54.98K shares
67 Almoosa 4018
115.80 SAR 4.33K shares
68 Derayah 4084
20.96 SAR 363.02K shares
69 BinDawood 4161
4.47 SAR 426.61K shares
70 eXtra 4003
64.45 SAR 270.22K shares
71 Qassim Cement 3040
44.66 SAR 134.87K shares
72 Saudi Re 8200
28.14 SAR 591.09K shares
73 Retal 4322
9.23 SAR 726.59K shares
74 Saudi Gas 2080
60.85 SAR 48.75K shares
75 Yamama Cement 3020
22.10 SAR 307.32K shares
76 SRMG 4210
55.80 SAR 166.15K shares
77 SGS 4031
22.82 SAR 2.52M shares
78 NADEC 6010
14.00 SAR 282.81K shares
79 Saudi Cement 3030
27.46 SAR 69.17K shares
80 Abdullah Al Othaim Markets 4001
4.45 SAR 696.87K shares
81 Leejam Sports 1830
76.10 SAR 66.00K shares
82 SMC Healthcare 4019
15.86 SAR 171.95K shares
83 Al Tayyar 4150
16.87 SAR 175.89K shares
84 SPIMACO 2070
32.74 SAR 348.04K shares
85 Al Babtain 2320
58.25 SAR 185.85K shares
86 Alhammadi 4007
22.86 SAR 159.87K shares
87 Al Munjim 4162
58.35 SAR 73.32K shares
88 Alkhorayef 2081
93.15 SAR 97.11K shares
89 SISCO Holding 2190
38.60 SAR 356.72K shares
90 Al Dawaa 4163
36.92 SAR 24.91K shares
91 Budget Saudi 4260
29.68 SAR 248.50K shares
92 Al Majed Oud 4165
118.50 SAR 22.39K shares
93 SASCO 4050
41.96 SAR 109.13K shares
94 Etihad GO Telecom 7040
85.20 SAR 93.08K shares
95 SSP 1320
56.75 SAR 306.41K shares
96 First Mills 2283
50.85 SAR 26.39K shares
97 Alarabia 4071
50.50 SAR 430.98K shares
98 Saudi German Health 4009
29.30 SAR 295.79K shares
99 JAZ 4146
16.77 SAR 74.65K shares
100 Southern Cement 3050
18.15 SAR 29.65K shares
101 Riyadh Cement 3092
21.04 SAR 170.50K shares
102 Almasar Alshamil 6019
24.59 SAR 200.46K shares
103 Maharah 1831
4.35 SAR 3.27M shares
104 Jahez 6017
12.01 SAR 831.05K shares
105 Yanbu Cement 3060
14.90 SAR 215.92K shares
106 Saudi Ceramics 2040
23.36 SAR 220.02K shares
107 SPM 2300
61.80 SAR 61.21K shares
108 Avalon Pharma 4016
64.35 SAR 21.71K shares
109 SMASCO 1834
5.63 SAR 730.14K shares
110 MedGulf 8030
16.20 SAR 211.86K shares
111 Modern Mills 2284
26.98 SAR 27.51K shares
112 Al Ramz 4327
51.00 SAR 233.88K shares
113 Alsaif Gallery 4192
6.17 SAR 105.57K shares
114 Al Rajhi REIT 4340
7.77 SAR 105.71K shares
115 Bawan 1302
35.64 SAR 166.56K shares
116 Tasheel 4083
27.82 SAR 909.92K shares
117 Fourth Mills 2286
3.85 SAR 788.43K shares
118 Arabian Cement 3010
20.72 SAR 96.97K shares
119 Eastern Cement 3080
24.01 SAR 51.61K shares
120 Arabian Mills 2285
39.58 SAR 52.69K shares
121 Al Mawarid 1833
96.50 SAR 21.07K shares
122 Alujain 2170
27.06 SAR 299.75K shares
123 Alyamamah Steel 1304
36.10 SAR 188.48K shares
124 Almajediah 4326
6.08 SAR 261.77K shares
125 Cenomi Retail 4240
15.86 SAR 712.46K shares
126 Ataa 4292
41.40 SAR 100.74K shares
127 GIG 8250
32.38 SAR 81.59K shares
128 Tubi 7204
5.64 SAR 961.61K shares
129 Jadwa REIT Saudi 4342
8.98 SAR 228.92K shares
130 Miyahuna 2084
10.20 SAR 732.65K shares
131 Senaat 2240
27.00 SAR 145.27K shares
132 Azm 7211
27.12 SAR 77.00K shares
133 Bonyan REIT 4347
9.55 SAR 50.36K shares
134 MEPCO 1202
17.04 SAR 328.21K shares
135 Lumi 4262
25.96 SAR 197.71K shares
136 City Cement 3003
10.13 SAR 113.94K shares
137 National Fisheries 6050
61.75 SAR 289.79K shares
138 MISK 2370
34.72 SAR 321.90K shares
139 APC 2200
5.55 SAR 4.24M shares
140 Walaa 8060
10.87 SAR 211.12K shares
141 SAPTCO 4040
10.84 SAR 245.40K shares
142 SHL 1183
13.53 SAR 23.56K shares
143 Al-Aseel 4012
3.37 SAR 282.42K shares
144 Talco 4143
32.82 SAR 20.22K shares
145 Al Andalus 4320
13.90 SAR 23.33K shares
146 Theeb Rent A Car 4261
19.57 SAR 910.70K shares
147 Nice One 4193
11.04 SAR 1.38M shares
148 SEDCO Capital REIT 4344
6.78 SAR 147.44K shares
149 Sumou 4323
24.86 SAR 19.28K shares
150 Saudi Cable 2110
183.70 SAR 4.53K shares
151 Tamkeen 1835
45.48 SAR 6.33K shares
152 Zoujaj 2150
36.20 SAR 49.36K shares
153 Naqi 2282
59.30 SAR 43.25K shares
154 Northern Cement 3004
6.58 SAR 132.29K shares
155 Baan 1820
1.90 SAR 2.31M shares
156 Nayifat 4081
9.70 SAR 34.66K shares
157 Tanmiah 2281
56.55 SAR 50.04K shares
158 BATEC 4110
1.86 SAR 2.86M shares
159 Al Jouf 6070
36.60 SAR 27.80K shares
160 Red Sea International 4230
22.20 SAR 240.14K shares
161 Halwani Bros 6001
29.46 SAR 9.44K shares
162 UCIC 1323
25.56 SAR 168.34K shares
163 Al Amar 6014
39.90 SAR 12.78K shares
164 Sinad Holding 4080
7.86 SAR 169.89K shares
165 Arabian Shield 8070
11.95 SAR 114.86K shares
166 Herfy Foods 6002
14.29 SAR 35.58K shares
167 Ayan 2140
9.17 SAR 589.26K shares
168 Raoum 4144
73.05 SAR 37.31K shares
169 Al Andiya 6018
7.94 SAR 207.14K shares
170 Najran Cement 3002
5.44 SAR 202.39K shares
171 AlAhli REIT 1 4338
6.33 SAR 109.85K shares
172 SAIC 2120
14.62 SAR 131.78K shares
173 Amlak 1182
8.35 SAR 299.80K shares
174 Artex 2340
10.35 SAR 39.02K shares
175 Gulf Training 4290
12.86 SAR 106.47K shares
176 SARCO 2030
55.15 SAR 318.11K shares
177 Equipment House 4014
27.36 SAR 91.86K shares
178 Obeikan Glass 4145
24.71 SAR 33.22K shares
179 Alkhabeer REIT 4348
5.59 SAR 26.81K shares
180 Riyad REIT 4330
4.45 SAR 24.44K shares
181 Abu Moati 4191
37.66 SAR 100.31K shares
182 Alinma Hospitality REIT 4349
7.37 SAR 141.24K shares
183 Al-Hassan Shaker 1214
10.79 SAR 327.12K shares
184 Shams 4170
12.56 SAR 102.12K shares
185 Jazira Takaful 8012
10.46 SAR 50.61K shares
186 Chubb 8240
17.01 SAR 128.51K shares
187 Intaj 2287
22.20 SAR 497.56K shares
188 Mutakamela 8040
11.11 SAR 221.06K shares
189 Shari 4265
22.02 SAR 92.06K shares
190 BCI 1210
23.74 SAR 31.64K shares
191 CGS 4147
6.48 SAR 1.60M shares
192 Tabuk Cement 3090
7.04 SAR 55.57K shares
193 Banan 4324
3.15 SAR 1.10M shares
194 Gulf Union 8120
13.66 SAR 35.38K shares
195 Ftihi Group 4180
2.24 SAR 255.35K shares
196 Umm Al-Qura Cement 3005
11.19 SAR 18.29K shares
197 Build Station 4194
37.42 SAR 36.58K shares
198 Oasis 3007
2.62 SAR 731.41K shares
199 MRNA 4082
8.29 SAR 12.34K shares
200 Wataniya 8300
14.40 SAR 170.65K shares
201 Derayah REIT 4339
5.26 SAR 23.18K shares
202 LIVA 8280
13.67 SAR 429.78K shares
203 Amiantit 2160
12.14 SAR 251.87K shares
204 Baazeem 4051
5.25 SAR 237.84K shares
205 SACO 4008
17.85 SAR 67.90K shares
206 Jouf Cement 3091
4.78 SAR 15.23K shares
207 Alinma Retail REIT 4345
4.53 SAR 292.52K shares
208 Taleem REIT 4333
10.05 SAR 16.95K shares
209 Al Maather REIT 4334
8.10 SAR 38.16K shares
210 Farm Superstores 4006
10.93 SAR 12.92K shares
211 Wafrah 2100
21.08 SAR 78.95K shares
212 Aslak 1301
16.82 SAR 28.52K shares
213 SIDQ 2130
15.48 SAR 224.02K shares
214 Mulkia REIT 4336
4.46 SAR 36.79K shares
215 Malath Insurance 8020
9.23 SAR 120.64K shares
216 Printing & Packaging 4270
7.07 SAR 435.83K shares
217 Sadarat 4140
2.30 SAR 1.65M shares
218 Saudi DARB 4130
2.04 SAR 1.38M shares
219 Nama Chemicals 2210
18.74 SAR 0 shares
220 Tihama 4070
19.08 SAR 72.74K shares
221 AICC 8160
8.10 SAR 27.64K shares
222 SADR 1832
2.39 SAR 647.21K shares
223 FIPCO 2180
35.96 SAR 92.71K shares
224 NGC 2090
12.60 SAR 0 shares
225 Chemanol 2001
26.22 SAR 88.86K shares
226 SADECO 6060
13.10 SAR 72.41K shares
227 CMCER 4021
5.07 SAR 210.64K shares
228 JADCO 6090
7.71 SAR 57.39K shares
229 Anaam Holding 4061
11.90 SAR 96.57K shares
230 Burgerizzr 6016
6.65 SAR 168.95K shares
231 Maadaniyah 2220
10.40 SAR 222.61K shares
232 Arabian Sea 7201
3.52 SAR 551.83K shares
233 GACO 6020
11.60 SAR 32.48K shares
234 Aletihad 8170
6.58 SAR 583.96K shares
235 Jadwa REIT Alharamain 4332
4.69 SAR 10.35K shares
236 Alsagr Insurance 8180
10.31 SAR 83.16K shares
237 Takween 1201
3.93 SAR 1.73M shares
238 Musharaka REIT 4335
3.24 SAR 60.33K shares
239 SVCP 2360
17.18 SAR 117.71K shares
240 Food Development 6013
83.90 SAR 49.75K shares
241 Alkathiri 3008
1.09 SAR 5.53M shares
242 Al Aziziyah REIT 4337
4.27 SAR 5.25K shares
243 MEFIC REIT 4346
3.23 SAR 50.31K shares
244 Nasij 1213
13.52 SAR 856.98K shares
245 Al-Omran 4141
18.76 SAR 20.06K shares
246 Salama 8050
7.08 SAR 489.68K shares
247 Thimar 4160
32.48 SAR 35.14K shares
248 Enaya 8311
9.08 SAR 722.48K shares
249 ACIG 8150
7.09 SAR 341.79K shares
250 UCA 8190
3.38 SAR 0 shares
251 Aljazira REIT 4331
11.45 SAR 304.09K shares
252 Raydan 6012
15.67 SAR 70.00K shares
253 Gulf General 8260
3.73 SAR 67.00K shares
254 Tabuk Agriculture 6040
8.18 SAR 294.33K 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
43.66 SAR 1.04M shares
2 Dr. Sulaiman Al Habib 4013
227.50 SAR 194.09K shares
3 SABIC Agri-Nutrients 2020
124.00 SAR 384.40K shares
4 Mobily 7020
63.65 SAR 621.87K shares
5 Elm 7203
595.00 SAR 52.50K shares
6 Almarai 2280
45.26 SAR 543.05K shares
7 Bahri 4030
35.54 SAR 773.74K shares
8 Solutions 7202
222.50 SAR 128.05K shares
9 Massar 4325
16.86 SAR 650.21K shares
10 Luberef 2223
135.30 SAR 182.63K shares
11 Dar Al Arkan 4300
18.95 SAR 311.66K shares
12 Jabal Omar 4250
17.20 SAR 2.09M shares
13 Jarir 4190
16.35 SAR 3.09M shares
14 Yansab 2290
31.74 SAR 408.11K shares
15 EIC 1303
15.30 SAR 1.70M shares
16 Riyadh Cables 4142
104.30 SAR 169.07K shares
17 Makkah Construction 4100
77.85 SAR 47.91K shares
18 Aldrees 4200
121.50 SAR 261.70K shares
19 Nahdi Medical 4164
91.15 SAR 71.37K shares
20 Marafiq 2083
42.90 SAR 182.89K shares
21 Astra Industrial 1212
130.80 SAR 21.15K shares
22 Dallah Healthcare 4004
74.90 SAR 163.71K shares
23 Taiba 4090
18.20 SAR 45.72K shares
24 Sipchem 2310
12.31 SAR 1.50M shares
25 Arabian Drilling 2381
94.10 SAR 40.62K shares
26 SIIG 2250
11.94 SAR 607.72K shares
27 Saudi Kayan 2350
5.03 SAR 3.51M shares
28 Cenomi Centers 4321
15.88 SAR 256.33K shares
29 Flynas 4264
43.70 SAR 256.24K shares
30 AMAK 1322
76.90 SAR 122.71K shares
31 Knowledge Economic City 4310
19.96 SAR 271.67K shares
32 East Pipes 1321
208.00 SAR 260.90K shares
33 Chemical 2230
7.40 SAR 2.90M shares
34 SADAFCO 2270
190.00 SAR 44.47K shares
35 National Education 4291
137.00 SAR 8.19K shares
36 Advanced 2330
22.12 SAR 342.22K shares
37 Seera 1810
20.59 SAR 352.38K shares
38 BinDawood 4161
4.47 SAR 426.61K shares
39 Qassim Cement 3040
44.66 SAR 134.87K shares
40 Retal 4322
9.23 SAR 726.59K shares
41 Saudi Gas 2080
60.85 SAR 48.75K shares
42 Yamama Cement 3020
22.10 SAR 307.32K shares
43 SGS 4031
22.82 SAR 2.52M shares
44 NADEC 6010
14.00 SAR 282.81K shares
45 Saudi Cement 3030
27.46 SAR 69.17K shares
46 Abdullah Al Othaim Markets 4001
4.45 SAR 696.87K shares
47 Leejam Sports 1830
76.10 SAR 66.00K shares
48 Al Tayyar 4150
16.87 SAR 175.89K shares
49 Al Babtain 2320
58.25 SAR 185.85K shares
50 Al Munjim 4162
58.35 SAR 73.32K shares
51 Alkhorayef 2081
93.15 SAR 97.11K shares
52 Al Dawaa 4163
36.92 SAR 24.91K shares
53 Budget Saudi 4260
29.68 SAR 248.50K shares
54 Al Majed Oud 4165
118.50 SAR 22.39K shares
55 SASCO 4050
41.96 SAR 109.13K shares
56 Etihad GO Telecom 7040
85.20 SAR 93.08K shares
57 Alarabia 4071
50.50 SAR 430.98K shares
58 Maharah 1831
4.35 SAR 3.27M shares
59 Saudi Ceramics 2040
23.36 SAR 220.02K shares
60 Avalon Pharma 4016
64.35 SAR 21.71K shares
61 SMASCO 1834
5.63 SAR 730.14K shares
62 Alsaif Gallery 4192
6.17 SAR 105.57K shares
63 Al Rajhi REIT 4340
7.77 SAR 105.71K shares
64 Bawan 1302
35.64 SAR 166.56K shares
65 Tasheel 4083
27.82 SAR 909.92K shares
66 Fourth Mills 2286
3.85 SAR 788.43K shares
67 Arabian Cement 3010
20.72 SAR 96.97K shares
68 Eastern Cement 3080
24.01 SAR 51.61K shares
69 Arabian Mills 2285
39.58 SAR 52.69K shares
70 Al Mawarid 1833
96.50 SAR 21.07K shares
71 Alujain 2170
27.06 SAR 299.75K shares
72 Ataa 4292
41.40 SAR 100.74K shares
73 Tubi 7204
5.64 SAR 961.61K shares
74 Jadwa REIT Saudi 4342
8.98 SAR 228.92K shares
75 Senaat 2240
27.00 SAR 145.27K shares
76 Azm 7211
27.12 SAR 77.00K shares
77 Bonyan REIT 4347
9.55 SAR 50.36K shares
78 Lumi 4262
25.96 SAR 197.71K shares
79 City Cement 3003
10.13 SAR 113.94K shares
80 MISK 2370
34.72 SAR 321.90K shares
81 APC 2200
5.55 SAR 4.24M shares
82 SAPTCO 4040
10.84 SAR 245.40K shares
83 SHL 1183
13.53 SAR 23.56K shares
84 Al-Aseel 4012
3.37 SAR 282.42K shares
85 Talco 4143
32.82 SAR 20.22K shares
86 Al Andalus 4320
13.90 SAR 23.33K shares
87 Theeb Rent A Car 4261
19.57 SAR 910.70K shares
88 Nice One 4193
11.04 SAR 1.38M shares
89 SEDCO Capital REIT 4344
6.78 SAR 147.44K shares
90 Sumou 4323
24.86 SAR 19.28K shares
91 Saudi Cable 2110
183.70 SAR 4.53K shares
92 Tamkeen 1835
45.48 SAR 6.33K shares
93 Zoujaj 2150
36.20 SAR 49.36K shares
94 Naqi 2282
59.30 SAR 43.25K shares
95 Northern Cement 3004
6.58 SAR 132.29K shares
96 Baan 1820
1.90 SAR 2.31M shares
97 Nayifat 4081
9.70 SAR 34.66K shares
98 Tanmiah 2281
56.55 SAR 50.04K shares
99 BATEC 4110
1.86 SAR 2.86M shares
100 Al Jouf 6070
36.60 SAR 27.80K shares
101 Red Sea International 4230
22.20 SAR 240.14K shares
102 Halwani Bros 6001
29.46 SAR 9.44K shares
103 Al Amar 6014
39.90 SAR 12.78K shares
104 Sinad Holding 4080
7.86 SAR 169.89K shares
105 Herfy Foods 6002
14.29 SAR 35.58K shares
106 Raoum 4144
73.05 SAR 37.31K shares
107 Najran Cement 3002
5.44 SAR 202.39K shares
108 SAIC 2120
14.62 SAR 131.78K shares
109 Amlak 1182
8.35 SAR 299.80K shares
110 Artex 2340
10.35 SAR 39.02K shares
111 Gulf Training 4290
12.86 SAR 106.47K shares
112 SARCO 2030
55.15 SAR 318.11K shares
113 Equipment House 4014
27.36 SAR 91.86K shares
114 Obeikan Glass 4145
24.71 SAR 33.22K shares
115 Alkhabeer REIT 4348
5.59 SAR 26.81K shares
116 Riyad REIT 4330
4.45 SAR 24.44K shares
117 Abu Moati 4191
37.66 SAR 100.31K shares
118 Alinma Hospitality REIT 4349
7.37 SAR 141.24K shares
119 Al-Hassan Shaker 1214
10.79 SAR 327.12K shares
120 Shams 4170
12.56 SAR 102.12K shares
121 Intaj 2287
22.20 SAR 497.56K shares
122 BCI 1210
23.74 SAR 31.64K shares
123 Tabuk Cement 3090
7.04 SAR 55.57K shares
124 Banan 4324
3.15 SAR 1.10M shares
125 Ftihi Group 4180
2.24 SAR 255.35K shares
126 Umm Al-Qura Cement 3005
11.19 SAR 18.29K shares
127 Oasis 3007
2.62 SAR 731.41K shares
128 MRNA 4082
8.29 SAR 12.34K shares
129 Derayah REIT 4339
5.26 SAR 23.18K shares
130 Amiantit 2160
12.14 SAR 251.87K shares
131 Baazeem 4051
5.25 SAR 237.84K shares
132 Lazurde 4011
9.24 SAR 94.90K shares
133 SACO 4008
17.85 SAR 67.90K shares
134 Alinma Retail REIT 4345
4.53 SAR 292.52K shares
135 Taleem REIT 4333
10.05 SAR 16.95K shares
136 Wafrah 2100
21.08 SAR 78.95K shares
137 Aslak 1301
16.82 SAR 28.52K shares
138 SIDQ 2130
15.48 SAR 224.02K shares
139 Mulkia REIT 4336
4.46 SAR 36.79K shares
140 Sadarat 4140
2.30 SAR 1.65M shares
141 Saudi DARB 4130
2.04 SAR 1.38M shares
142 Nama Chemicals 2210
18.74 SAR 0 shares
143 SADR 1832
2.39 SAR 647.21K shares
144 FIPCO 2180
35.96 SAR 92.71K shares
145 NGC 2090
12.60 SAR 0 shares
146 Chemanol 2001
26.22 SAR 88.86K shares
147 CMCER 4021
5.07 SAR 210.64K shares
148 JADCO 6090
7.71 SAR 57.39K shares
149 Anaam Holding 4061
11.90 SAR 96.57K shares
150 Burgerizzr 6016
6.65 SAR 168.95K shares
151 Maadaniyah 2220
10.40 SAR 222.61K shares
152 GACO 6020
11.60 SAR 32.48K shares
153 Musharaka REIT 4335
3.24 SAR 60.33K shares
154 SVCP 2360
17.18 SAR 117.71K shares
155 Food Development 6013
83.90 SAR 49.75K shares
156 Al Aziziyah REIT 4337
4.27 SAR 5.25K shares
157 MEFIC REIT 4346
3.23 SAR 50.31K shares
158 Thimar 4160
32.48 SAR 35.14K shares
159 Aljazira REIT 4331
11.45 SAR 304.09K shares
160 Raydan 6012
15.67 SAR 70.00K shares
161 Tabuk Agriculture 6040
8.18 SAR 294.33K 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
25.64 SAR 9.03M shares
2 Al Rajhi Bank 1120
64.45 SAR 5.91M shares
3 Maaden 1211
62.70 SAR 603.29K shares
4 STC 7010
43.66 SAR 1.04M shares
5 SABIC 2010
47.90 SAR 1.24M shares
6 ACWA Power 2082
172.50 SAR 285.27K shares
7 Dr. Sulaiman Al Habib 4013
227.50 SAR 194.09K shares
8 Alinma Bank 1150
24.66 SAR 2.40M shares
9 Saudi Electricity 5110
16.06 SAR 797.75K shares
10 SABIC Agri-Nutrients 2020
124.00 SAR 384.40K shares
11 Mobily 7020
63.65 SAR 621.87K shares
12 Elm 7203
595.00 SAR 52.50K shares
13 Almarai 2280
45.26 SAR 543.05K shares
14 Petro Rabigh 2380
17.20 SAR 7.04M shares
15 Bank Albilad 1140
24.57 SAR 728.21K shares
16 Bahri 4030
35.54 SAR 773.74K shares
17 Solutions 7202
222.50 SAR 128.05K shares
18 Bupa Arabia 8210
158.40 SAR 144.98K shares
19 Tawuniya 8010
91.25 SAR 268.05K shares
20 Dar Al Arkan 4300
18.95 SAR 311.66K shares
21 Jabal Omar 4250
17.20 SAR 2.09M shares
22 Jarir 4190
16.35 SAR 3.09M shares
23 Yansab 2290
31.74 SAR 408.11K shares
24 EIC 1303
15.30 SAR 1.70M shares
25 Makkah Construction 4100
77.85 SAR 47.91K shares
26 Bank AlJazira 1020
11.74 SAR 2.50M shares
27 Tadawul Group 1111
119.50 SAR 184.92K shares
28 Mouwasat 4002
63.90 SAR 85.12K shares
29 Aldrees 4200
121.50 SAR 261.70K shares
30 Nahdi Medical 4164
91.15 SAR 71.37K shares
31 Alrajhi Takaful 8230
52.60 SAR 200.89K shares
32 Astra Industrial 1212
130.80 SAR 21.15K shares
33 Dallah Healthcare 4004
74.90 SAR 163.71K shares
34 Taiba 4090
18.20 SAR 45.72K shares
35 Sipchem 2310
12.31 SAR 1.50M shares
36 Zain KSA 7030
10.04 SAR 836.12K shares
37 MIS 7200
289.40 SAR 38.73K shares
38 Emaar EC 4220
9.56 SAR 173.44K shares
39 SIIG 2250
11.94 SAR 607.72K shares
40 Saudi Kayan 2350
5.03 SAR 3.51M shares
41 Cenomi Centers 4321
15.88 SAR 256.33K shares
42 Savola Group 2050
25.12 SAR 269.28K shares
43 AMAK 1322
76.90 SAR 122.71K shares
44 Knowledge Economic City 4310
19.96 SAR 271.67K shares
45 East Pipes 1321
208.00 SAR 260.90K shares
46 Chemical 2230
7.40 SAR 2.90M shares
47 SADAFCO 2270
190.00 SAR 44.47K shares
48 National Education 4291
137.00 SAR 8.19K shares
49 Advanced 2330
22.12 SAR 342.22K shares
50 Tasnee 2060
8.50 SAR 442.72K shares
51 Saudi Real Estate 4020
15.10 SAR 187.08K shares
52 Seera 1810
20.59 SAR 352.38K shares
53 Catrion 6004
67.30 SAR 64.48K shares
54 CARE 4005
115.00 SAR 54.98K shares
55 BinDawood 4161
4.47 SAR 426.61K shares
56 eXtra 4003
64.45 SAR 270.22K shares
57 Qassim Cement 3040
44.66 SAR 134.87K shares
58 Saudi Re 8200
28.14 SAR 591.09K shares
59 Saudi Gas 2080
60.85 SAR 48.75K shares
60 Yamama Cement 3020
22.10 SAR 307.32K shares
61 SRMG 4210
55.80 SAR 166.15K shares
62 SGS 4031
22.82 SAR 2.52M shares
63 NADEC 6010
14.00 SAR 282.81K shares
64 Saudi Cement 3030
27.46 SAR 69.17K shares
65 Abdullah Al Othaim Markets 4001
4.45 SAR 696.87K shares
66 Leejam Sports 1830
76.10 SAR 66.00K shares
67 Al Tayyar 4150
16.87 SAR 175.89K shares
68 SPIMACO 2070
32.74 SAR 348.04K shares
69 Al Babtain 2320
58.25 SAR 185.85K shares
70 Alhammadi 4007
22.86 SAR 159.87K shares
71 Al Munjim 4162
58.35 SAR 73.32K shares
72 Alkhorayef 2081
93.15 SAR 97.11K shares
73 SISCO Holding 2190
38.60 SAR 356.72K shares
74 Al Dawaa 4163
36.92 SAR 24.91K shares
75 Budget Saudi 4260
29.68 SAR 248.50K shares
76 SASCO 4050
41.96 SAR 109.13K shares
77 Etihad GO Telecom 7040
85.20 SAR 93.08K shares
78 SSP 1320
56.75 SAR 306.41K shares
79 Alarabia 4071
50.50 SAR 430.98K shares
80 Saudi German Health 4009
29.30 SAR 295.79K shares
81 JAZ 4146
16.77 SAR 74.65K shares
82 Southern Cement 3050
18.15 SAR 29.65K shares
83 Riyadh Cement 3092
21.04 SAR 170.50K shares
84 Maharah 1831
4.35 SAR 3.27M shares
85 Jahez 6017
12.01 SAR 831.05K shares
86 Yanbu Cement 3060
14.90 SAR 215.92K shares
87 Saudi Ceramics 2040
23.36 SAR 220.02K shares
88 SPM 2300
61.80 SAR 61.21K shares
89 MedGulf 8030
16.20 SAR 211.86K shares
90 Al Rajhi REIT 4340
7.77 SAR 105.71K shares
91 Bawan 1302
35.64 SAR 166.56K shares
92 Arabian Cement 3010
20.72 SAR 96.97K shares
93 Eastern Cement 3080
24.01 SAR 51.61K shares
94 Alujain 2170
27.06 SAR 299.75K shares
95 Alyamamah Steel 1304
36.10 SAR 188.48K shares
96 Cenomi Retail 4240
15.86 SAR 712.46K shares
97 Ataa 4292
41.40 SAR 100.74K shares
98 GIG 8250
32.38 SAR 81.59K shares
99 Jadwa REIT Saudi 4342
8.98 SAR 228.92K shares
100 Senaat 2240
27.00 SAR 145.27K shares
101 Azm 7211
27.12 SAR 77.00K shares
102 Bonyan REIT 4347
9.55 SAR 50.36K shares
103 MEPCO 1202
17.04 SAR 328.21K shares
104 City Cement 3003
10.13 SAR 113.94K shares
105 National Fisheries 6050
61.75 SAR 289.79K shares
106 MISK 2370
34.72 SAR 321.90K shares
107 APC 2200
5.55 SAR 4.24M shares
108 Walaa 8060
10.87 SAR 211.12K shares
109 SAPTCO 4040
10.84 SAR 245.40K shares
110 SHL 1183
13.53 SAR 23.56K shares
111 Al-Aseel 4012
3.37 SAR 282.42K shares
112 Al Andalus 4320
13.90 SAR 23.33K shares
113 Theeb Rent A Car 4261
19.57 SAR 910.70K shares
114 SEDCO Capital REIT 4344
6.78 SAR 147.44K shares
115 Sumou 4323
24.86 SAR 19.28K shares
116 Saudi Cable 2110
183.70 SAR 4.53K shares
117 Zoujaj 2150
36.20 SAR 49.36K shares
118 Northern Cement 3004
6.58 SAR 132.29K shares
119 Baan 1820
1.90 SAR 2.31M shares
120 Nayifat 4081
9.70 SAR 34.66K shares
121 Tanmiah 2281
56.55 SAR 50.04K shares
122 BATEC 4110
1.86 SAR 2.86M shares
123 Al Jouf 6070
36.60 SAR 27.80K shares
124 Red Sea International 4230
22.20 SAR 240.14K shares
125 Halwani Bros 6001
29.46 SAR 9.44K shares
126 Sinad Holding 4080
7.86 SAR 169.89K shares
127 Arabian Shield 8070
11.95 SAR 114.86K shares
128 Herfy Foods 6002
14.29 SAR 35.58K shares
129 Ayan 2140
9.17 SAR 589.26K shares
130 Raoum 4144
73.05 SAR 37.31K shares
131 Najran Cement 3002
5.44 SAR 202.39K shares
132 AlAhli REIT 1 4338
6.33 SAR 109.85K shares
133 SAIC 2120
14.62 SAR 131.78K shares
134 Amlak 1182
8.35 SAR 299.80K shares
135 Artex 2340
10.35 SAR 39.02K shares
136 Gulf Training 4290
12.86 SAR 106.47K shares
137 SARCO 2030
55.15 SAR 318.11K shares
138 Obeikan Glass 4145
24.71 SAR 33.22K shares
139 Alkhabeer REIT 4348
5.59 SAR 26.81K shares
140 Riyad REIT 4330
4.45 SAR 24.44K shares
141 Abu Moati 4191
37.66 SAR 100.31K shares
142 Al-Hassan Shaker 1214
10.79 SAR 327.12K shares
143 Shams 4170
12.56 SAR 102.12K shares
144 Jazira Takaful 8012
10.46 SAR 50.61K shares
145 Chubb 8240
17.01 SAR 128.51K shares
146 Mutakamela 8040
11.11 SAR 221.06K shares
147 BCI 1210
23.74 SAR 31.64K shares
148 Tabuk Cement 3090
7.04 SAR 55.57K shares
149 Banan 4324
3.15 SAR 1.10M shares
150 Gulf Union 8120
13.66 SAR 35.38K shares
151 Ftihi Group 4180
2.24 SAR 255.35K shares
152 Umm Al-Qura Cement 3005
11.19 SAR 18.29K shares
153 Oasis 3007
2.62 SAR 731.41K shares
154 Wataniya 8300
14.40 SAR 170.65K shares
155 Derayah REIT 4339
5.26 SAR 23.18K shares
156 LIVA 8280
13.67 SAR 429.78K shares
157 Amiantit 2160
12.14 SAR 251.87K shares
158 Baazeem 4051
5.25 SAR 237.84K shares
159 Lazurde 4011
9.24 SAR 94.90K shares
160 SACO 4008
17.85 SAR 67.90K shares
161 Jouf Cement 3091
4.78 SAR 15.23K shares
162 Alinma Retail REIT 4345
4.53 SAR 292.52K shares
163 Taleem REIT 4333
10.05 SAR 16.95K shares
164 Al Maather REIT 4334
8.10 SAR 38.16K shares
165 Farm Superstores 4006
10.93 SAR 12.92K shares
166 Wafrah 2100
21.08 SAR 78.95K shares
167 Aslak 1301
16.82 SAR 28.52K shares
168 SIDQ 2130
15.48 SAR 224.02K shares
169 Mulkia REIT 4336
4.46 SAR 36.79K shares
170 Malath Insurance 8020
9.23 SAR 120.64K shares
171 Printing & Packaging 4270
7.07 SAR 435.83K shares
172 Sadarat 4140
2.30 SAR 1.65M shares
173 Saudi DARB 4130
2.04 SAR 1.38M shares
174 Nama Chemicals 2210
18.74 SAR 0 shares
175 Tihama 4070
19.08 SAR 72.74K shares
176 AICC 8160
8.10 SAR 27.64K shares
177 SADR 1832
2.39 SAR 647.21K shares
178 FIPCO 2180
35.96 SAR 92.71K shares
179 NGC 2090
12.60 SAR 0 shares
180 Chemanol 2001
26.22 SAR 88.86K shares
181 SADECO 6060
13.10 SAR 72.41K shares
182 CMCER 4021
5.07 SAR 210.64K shares
183 JADCO 6090
7.71 SAR 57.39K shares
184 Anaam Holding 4061
11.90 SAR 96.57K shares
185 Burgerizzr 6016
6.65 SAR 168.95K shares
186 Maadaniyah 2220
10.40 SAR 222.61K shares
187 Arabian Sea 7201
3.52 SAR 551.83K shares
188 GACO 6020
11.60 SAR 32.48K shares
189 Aletihad 8170
6.58 SAR 583.96K shares
190 Jadwa REIT Alharamain 4332
4.69 SAR 10.35K shares
191 Alsagr Insurance 8180
10.31 SAR 83.16K shares
192 Takween 1201
3.93 SAR 1.73M shares
193 SAICO 8100
9.99 SAR 40.65K shares
194 Musharaka REIT 4335
3.24 SAR 60.33K shares
195 Amana Insurance 8310
6.35 SAR 666.33K shares
196 SVCP 2360
17.18 SAR 117.71K shares
197 Food Development 6013
83.90 SAR 49.75K shares
198 Alkathiri 3008
1.09 SAR 5.53M shares
199 Al Aziziyah REIT 4337
4.27 SAR 5.25K shares
200 MEFIC REIT 4346
3.23 SAR 50.31K shares
201 Nasij 1213
13.52 SAR 856.98K shares
202 Al-Omran 4141
18.76 SAR 20.06K shares
203 Salama 8050
7.08 SAR 489.68K shares
204 Enaya 8311
9.08 SAR 722.48K shares
205 ACIG 8150
7.09 SAR 341.79K shares
206 UCA 8190
3.38 SAR 0 shares
207 Aljazira REIT 4331
11.45 SAR 304.09K shares
208 Raydan 6012
15.67 SAR 70.00K shares
209 Gulf General 8260
3.73 SAR 67.00K shares
210 Tabuk Agriculture 6040
8.18 SAR 294.33K 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 Saudi shares 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.