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
26.60 SAR 6.60M shares
2 Al Rajhi Bank 1120
64.05 SAR 3.78M shares
3 Maaden 1211
65.10 SAR 1.61M shares
4 STC 7010
43.60 SAR 2.16M shares
5 SABIC 2010
49.64 SAR 2.77M shares
6 ACWA Power 2082
185.80 SAR 166.78K shares
7 Dr. Sulaiman Al Habib 4013
232.20 SAR 61.70K shares
8 Alinma Bank 1150
24.25 SAR 3.65M shares
9 Saudi Electricity 5110
17.08 SAR 1.28M shares
10 SABIC Agri-Nutrients 2020
126.50 SAR 778.59K shares
11 Mobily 7020
63.65 SAR 1.42M shares
12 Almarai 2280
47.70 SAR 363.95K shares
13 Elm 7203
606.00 SAR 88.40K shares
14 Petro Rabigh 2380
17.60 SAR 14.50M shares
15 Bank Albilad 1140
24.72 SAR 682.59K shares
16 Bahri 4030
30.74 SAR 1.72M shares
17 Bupa Arabia 8210
174.00 SAR 143.77K shares
18 Massar 4325
17.99 SAR 1.17M shares
19 Solutions 7202
213.00 SAR 29.87K shares
20 Luberef 2223
126.70 SAR 842.48K shares
21 Jabal Omar 4250
18.00 SAR 7.15M shares
22 Tawuniya 8010
140.10 SAR 562.15K shares
23 Dar Al Arkan 4300
19.37 SAR 346.62K shares
24 Jarir 4190
17.34 SAR 1.64M shares
25 ADES Holding 2382
18.25 SAR 2.75M shares
26 Americana 6015
2.38 SAR 22.56M shares
27 Yansab 2290
31.00 SAR 627.33K shares
28 EIC 1303
15.60 SAR 7.24M shares
29 Riyadh Cables 4142
106.30 SAR 300.30K shares
30 Makkah Construction 4100
78.10 SAR 408.75K shares
31 Bank AlJazira 1020
12.20 SAR 2.57M shares
32 Tadawul Group 1111
118.50 SAR 146.97K shares
33 SAL 4263
172.90 SAR 99.94K shares
34 Mouwasat 4002
63.90 SAR 215.23K shares
35 Nahdi Medical 4164
96.25 SAR 136.02K shares
36 Aldrees 4200
119.50 SAR 481.24K shares
37 Astra Industrial 1212
138.10 SAR 77.84K shares
38 Rasan 8313
138.20 SAR 376.10K shares
39 Alrajhi Takaful 8230
50.80 SAR 330.93K shares
40 Dallah Healthcare 4004
100.10 SAR 102.84K shares
41 Jamjoom Pharma 4015
141.60 SAR 59.65K shares
42 Marafiq 2083
38.72 SAR 678.55K shares
43 Sipchem 2310
13.12 SAR 780.55K shares
44 Zain KSA 7030
10.30 SAR 1.39M shares
45 Taiba 4090
18.02 SAR 367.75K shares
46 MIS 7200
290.60 SAR 72.36K shares
47 Emaar EC 4220
9.62 SAR 436.96K shares
48 SIIG 2250
12.49 SAR 802.71K shares
49 Flynas 4264
49.32 SAR 269.10K shares
50 Arabian Drilling 2381
89.25 SAR 198.90K shares
51 Fakeeh Care 4017
34.30 SAR 121.51K shares
52 AMAK 1322
86.35 SAR 433.69K shares
53 Saudi Kayan 2350
5.14 SAR 2.79M shares
54 Cenomi Centers 4321
16.13 SAR 244.17K shares
55 Savola Group 2050
25.34 SAR 1.75M shares
56 Chemical 2230
8.06 SAR 3.32M shares
57 SADAFCO 2270
205.80 SAR 49.98K shares
58 Advanced 2330
24.21 SAR 634.95K shares
59 National Education 4291
143.00 SAR 28.92K shares
60 East Pipes 1321
195.10 SAR 120.75K shares
61 Catrion 6004
74.20 SAR 230.64K shares
62 Tasnee 2060
8.88 SAR 530.68K shares
63 Saudi Real Estate 4020
15.65 SAR 755.04K shares
64 Knowledge Economic City 4310
17.10 SAR 2.33M shares
65 CARE 4005
122.30 SAR 72.15K shares
66 Almoosa 4018
117.70 SAR 26.86K shares
67 BinDawood 4161
4.53 SAR 370.91K shares
68 Seera 1810
20.20 SAR 901.11K shares
69 SGS 4031
26.52 SAR 814.26K shares
70 Derayah 4084
20.31 SAR 1.16M shares
71 eXtra 4003
63.20 SAR 1.01M shares
72 Qassim Cement 3040
43.92 SAR 43.41K shares
73 Yamama Cement 3020
23.08 SAR 433.92K shares
74 SRMG 4210
57.50 SAR 210.15K shares
75 Saudi Gas 2080
61.10 SAR 419.83K shares
76 Retal 4322
9.12 SAR 2.21M shares
77 Abdullah Al Othaim Markets 4001
4.90 SAR 9.96M shares
78 NADEC 6010
14.34 SAR 407.15K shares
79 Saudi Cement 3030
27.82 SAR 181.24K shares
80 Leejam Sports 1830
78.80 SAR 72.20K shares
81 Saudi Re 8200
24.20 SAR 292.74K shares
82 Alhammadi 4007
25.16 SAR 420.32K shares
83 SMC Healthcare 4019
15.87 SAR 796.38K shares
84 Al Munjim 4162
62.85 SAR 149.45K shares
85 Al Babtain 2320
58.60 SAR 992.27K shares
86 SPIMACO 2070
30.80 SAR 188.37K shares
87 Al Tayyar 4150
15.71 SAR 475.33K shares
88 Alarabia 4071
66.50 SAR 266.63K shares
89 Alkhorayef 2081
99.25 SAR 115.85K shares
90 Al Dawaa 4163
38.50 SAR 83.25K shares
91 Budget Saudi 4260
28.88 SAR 1.57M shares
92 Al Majed Oud 4165
119.50 SAR 16.12K shares
93 Etihad GO Telecom 7040
86.60 SAR 73.32K shares
94 First Mills 2283
52.70 SAR 21.98K shares
95 Saudi German Health 4009
30.94 SAR 438.14K shares
96 SISCO Holding 2190
34.30 SAR 411.48K shares
97 Southern Cement 3050
19.40 SAR 115.61K shares
98 Riyadh Cement 3092
22.31 SAR 81.47K shares
99 SASCO 4050
38.10 SAR 450.75K shares
100 Maharah 1831
4.65 SAR 6.77M shares
101 Almasar Alshamil 6019
25.74 SAR 596.98K shares
102 JAZ 4146
16.31 SAR 339.63K shares
103 Saudi Ceramics 2040
24.60 SAR 117.74K shares
104 SSP 1320
46.92 SAR 92.75K shares
105 Jahez 6017
11.48 SAR 812.77K shares
106 MedGulf 8030
16.95 SAR 384.06K shares
107 SMASCO 1834
5.78 SAR 1.50M shares
108 Yanbu Cement 3060
14.63 SAR 409.94K shares
109 SPM 2300
62.25 SAR 107.36K shares
110 Alsaif Gallery 4192
6.54 SAR 42.08K shares
111 Modern Mills 2284
28.04 SAR 40.25K shares
112 Arabian Cement 3010
22.20 SAR 69.58K shares
113 Al Rajhi REIT 4340
8.05 SAR 98.88K shares
114 Fourth Mills 2286
4.02 SAR 245.87K shares
115 Arabian Mills 2285
42.26 SAR 122.08K shares
116 Al Ramz 4327
49.98 SAR 46.52K shares
117 Eastern Cement 3080
24.90 SAR 78.56K shares
118 Tasheel 4083
28.44 SAR 182.65K shares
119 Avalon Pharma 4016
60.55 SAR 22.58K shares
120 Al Mawarid 1833
105.00 SAR 64.86K shares
121 Bawan 1302
33.66 SAR 724.02K shares
122 Ataa 4292
47.88 SAR 480.24K shares
123 Tubi 7204
6.50 SAR 1.92M shares
124 Alyamamah Steel 1304
37.90 SAR 120.44K shares
125 Alujain 2170
27.60 SAR 411.58K shares
126 Almajediah 4326
6.26 SAR 905.64K shares
127 Jadwa REIT Saudi 4342
9.91 SAR 798.05K shares
128 Miyahuna 2084
11.42 SAR 943.95K shares
129 GIG 8250
32.42 SAR 115.78K shares
130 Senaat 2240
27.82 SAR 3.70M shares
131 Bonyan REIT 4347
9.83 SAR 88.86K shares
132 MEPCO 1202
18.25 SAR 1.91M shares
133 APC 2200
6.28 SAR 2.10M shares
134 SAPTCO 4040
11.99 SAR 1.57M shares
135 Lumi 4262
27.12 SAR 158.43K shares
136 SHL 1183
14.46 SAR 10.91K shares
137 City Cement 3003
10.30 SAR 904.06K shares
138 Walaa 8060
11.26 SAR 1.01M shares
139 Cenomi Retail 4240
12.45 SAR 2.79M shares
140 SEDCO Capital REIT 4344
7.60 SAR 233.32K shares
141 Al-Aseel 4012
3.54 SAR 470.53K shares
142 Talco 4143
34.50 SAR 44.03K shares
143 Al Andalus 4320
14.60 SAR 36.75K shares
144 Theeb Rent A Car 4261
20.33 SAR 682.04K shares
145 Nice One 4193
11.41 SAR 160.83K shares
146 Sumou 4323
25.82 SAR 19.37K shares
147 Tamkeen 1835
48.50 SAR 69.38K shares
148 Azm 7211
21.82 SAR 24.68K shares
149 Baan 1820
2.04 SAR 2.34M shares
150 MISK 2370
30.90 SAR 440.26K shares
151 BATEC 4110
2.04 SAR 5.91M shares
152 Tanmiah 2281
59.70 SAR 235.75K shares
153 Zoujaj 2150
36.18 SAR 26.15K shares
154 Northern Cement 3004
6.61 SAR 136.83K shares
155 Saudi Cable 2110
177.30 SAR 27.08K shares
156 Al Jouf 6070
39.28 SAR 101.05K shares
157 Nayifat 4081
9.99 SAR 75.02K shares
158 Naqi 2282
57.20 SAR 18.83K shares
159 Red Sea International 4230
23.46 SAR 1.85M shares
160 Halwani Bros 6001
31.70 SAR 170.35K shares
161 UCIC 1323
27.92 SAR 138.35K shares
162 Sinad Holding 4080
8.06 SAR 63.11K shares
163 Al Amar 6014
40.18 SAR 112.56K shares
164 Arabian Shield 8070
12.31 SAR 618.52K shares
165 Herfy Foods 6002
15.10 SAR 221.01K shares
166 SAIC 2120
16.29 SAR 345.55K shares
167 Nasij 1213
22.40 SAR 543.32K shares
168 Al Andiya 6018
8.24 SAR 2.83M shares
169 Artex 2340
11.59 SAR 82.45K shares
170 AlAhli REIT 1 4338
6.84 SAR 90.21K shares
171 Ayan 2140
9.17 SAR 148.01K shares
172 Gulf Training 4290
13.80 SAR 309.16K shares
173 Najran Cement 3002
5.44 SAR 191.97K shares
174 Raoum 4144
71.00 SAR 96.17K shares
175 Amlak 1182
8.50 SAR 520.93K shares
176 Riyad REIT 4330
4.85 SAR 58.19K shares
177 Equipment House 4014
27.56 SAR 12.26K shares
178 Shams 4170
14.16 SAR 272.19K shares
179 Alinma Hospitality REIT 4349
7.95 SAR 189.33K shares
180 Abu Moati 4191
40.02 SAR 244.63K shares
181 Al-Hassan Shaker 1214
11.78 SAR 1.61M shares
182 Alkhabeer REIT 4348
5.62 SAR 268.70K shares
183 Mutakamela 8040
13.15 SAR 349.01K shares
184 Obeikan Glass 4145
24.16 SAR 92.43K shares
185 Jazira Takaful 8012
11.51 SAR 69.63K shares
186 Chubb 8240
18.15 SAR 215.73K shares
187 SARCO 2030
48.38 SAR 167.60K shares
188 Shari 4265
23.14 SAR 65.43K shares
189 BCI 1210
25.14 SAR 40.21K shares
190 Intaj 2287
23.02 SAR 102.12K shares
191 Gulf Union 8120
15.00 SAR 81.22K shares
192 Umm Al-Qura Cement 3005
12.37 SAR 53.48K shares
193 Ftihi Group 4180
2.43 SAR 929.64K shares
194 Tabuk Cement 3090
7.36 SAR 207.92K shares
195 Build Station 4194
41.00 SAR 45.25K shares
196 CGS 4147
6.47 SAR 409.27K shares
197 Oasis 3007
2.85 SAR 343.41K shares
198 SACO 4008
21.00 SAR 42.85K shares
199 Wataniya 8300
15.14 SAR 380.63K shares
200 LIVA 8280
15.03 SAR 193.83K shares
201 Banan 4324
2.97 SAR 90.88K shares
202 MRNA 4082
8.01 SAR 41.66K shares
203 Derayah REIT 4339
5.31 SAR 99.20K shares
204 Amiantit 2160
12.52 SAR 943.33K shares
205 Al Maather REIT 4334
9.06 SAR 38.16K shares
206 Farm Superstores 4006
12.35 SAR 39.73K shares
207 Baazeem 4051
5.48 SAR 535.41K shares
208 Alinma Retail REIT 4345
4.67 SAR 126.27K shares
209 Jouf Cement 3091
4.86 SAR 169.99K shares
210 Taleem REIT 4333
10.24 SAR 15.78K shares
211 Printing & Packaging 4270
7.92 SAR 4.34M shares
212 Malath Insurance 8020
10.19 SAR 117.96K shares
213 Aslak 1301
17.72 SAR 91.89K shares
214 SIDQ 2130
16.51 SAR 130.15K shares
215 Wafrah 2100
21.10 SAR 237.76K shares
216 Saudi DARB 4130
2.23 SAR 4.08M shares
217 Mulkia REIT 4336
4.52 SAR 11.80K shares
218 Sadarat 4140
2.37 SAR 1.69M shares
219 National Fisheries 6050
67.25 SAR 2.68M shares
220 SADECO 6060
14.90 SAR 1.73M shares
221 Nama Chemicals 2210
18.74 SAR 0 shares
222 AICC 8160
8.29 SAR 184.56K shares
223 SADR 1832
2.51 SAR 1.48M shares
224 Chemanol 2001
29.10 SAR 93.91K shares
225 CMCER 4021
5.50 SAR 267.65K shares
226 JADCO 6090
8.46 SAR 693.47K shares
227 NGC 2090
13.31 SAR 244.11K shares
228 Maadaniyah 2220
11.90 SAR 67.89K shares
229 Burgerizzr 6016
7.39 SAR 136.59K shares
230 Tihama 4070
17.80 SAR 120.09K shares
231 Anaam Holding 4061
12.30 SAR 1.46M shares
232 FIPCO 2180
32.98 SAR 36.13K shares
233 GACO 6020
12.54 SAR 324.02K shares
234 Aletihad 8170
7.24 SAR 511.62K shares
235 SVCP 2360
17.60 SAR 71.60K shares
236 Tabuk Agriculture 6040
9.13 SAR 4.85M shares
237 Takween 1201
4.60 SAR 742.66K shares
238 Alsagr Insurance 8180
11.30 SAR 120.89K shares
239 Arabian Sea 7201
3.36 SAR 540.41K shares
240 Jadwa REIT Alharamain 4332
4.85 SAR 109.97K shares
241 Alkathiri 3008
1.39 SAR 592.98K shares
242 Musharaka REIT 4335
3.45 SAR 298.40K shares
243 Al Aziziyah REIT 4337
4.73 SAR 12.59K shares
244 Salama 8050
8.85 SAR 262.10K shares
245 Food Development 6013
88.15 SAR 45.13K shares
246 Al-Omran 4141
20.74 SAR 30.18K shares
247 MEFIC REIT 4346
3.32 SAR 67.27K shares
248 ACIG 8150
8.15 SAR 1.55M shares
249 Thimar 4160
36.38 SAR 413.10K shares
250 Enaya 8311
10.22 SAR 728.18K shares
251 UCA 8190
3.40 SAR 253.50K shares
252 Aljazira REIT 4331
11.22 SAR 15.80K shares
253 Gulf General 8260
3.84 SAR 288.06K shares
254 Raydan 6012
14.21 SAR 30.07K 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
43.60 SAR 2.16M shares
2 Dr. Sulaiman Al Habib 4013
232.20 SAR 61.70K shares
3 SABIC Agri-Nutrients 2020
126.50 SAR 778.59K shares
4 Mobily 7020
63.65 SAR 1.42M shares
5 Almarai 2280
47.70 SAR 363.95K shares
6 Elm 7203
606.00 SAR 88.40K shares
7 Bahri 4030
30.74 SAR 1.72M shares
8 Massar 4325
17.99 SAR 1.17M shares
9 Solutions 7202
213.00 SAR 29.87K shares
10 Luberef 2223
126.70 SAR 842.48K shares
11 Jabal Omar 4250
18.00 SAR 7.15M shares
12 Dar Al Arkan 4300
19.37 SAR 346.62K shares
13 Jarir 4190
17.34 SAR 1.64M shares
14 Yansab 2290
31.00 SAR 627.33K shares
15 EIC 1303
15.60 SAR 7.24M shares
16 Riyadh Cables 4142
106.30 SAR 300.30K shares
17 Makkah Construction 4100
78.10 SAR 408.75K shares
18 Nahdi Medical 4164
96.25 SAR 136.02K shares
19 Aldrees 4200
119.50 SAR 481.24K shares
20 Astra Industrial 1212
138.10 SAR 77.84K shares
21 Dallah Healthcare 4004
100.10 SAR 102.84K shares
22 Marafiq 2083
38.72 SAR 678.55K shares
23 Sipchem 2310
13.12 SAR 780.55K shares
24 Taiba 4090
18.02 SAR 367.75K shares
25 SIIG 2250
12.49 SAR 802.71K shares
26 Flynas 4264
49.32 SAR 269.10K shares
27 Arabian Drilling 2381
89.25 SAR 198.90K shares
28 AMAK 1322
86.35 SAR 433.69K shares
29 Saudi Kayan 2350
5.14 SAR 2.79M shares
30 Cenomi Centers 4321
16.13 SAR 244.17K shares
31 Chemical 2230
8.06 SAR 3.32M shares
32 SADAFCO 2270
205.80 SAR 49.98K shares
33 Advanced 2330
24.21 SAR 634.95K shares
34 National Education 4291
143.00 SAR 28.92K shares
35 East Pipes 1321
195.10 SAR 120.75K shares
36 Knowledge Economic City 4310
17.10 SAR 2.33M shares
37 BinDawood 4161
4.53 SAR 370.91K shares
38 Seera 1810
20.20 SAR 901.11K shares
39 SGS 4031
26.52 SAR 814.26K shares
40 Qassim Cement 3040
43.92 SAR 43.41K shares
41 Yamama Cement 3020
23.08 SAR 433.92K shares
42 Saudi Gas 2080
61.10 SAR 419.83K shares
43 Retal 4322
9.12 SAR 2.21M shares
44 Abdullah Al Othaim Markets 4001
4.90 SAR 9.96M shares
45 NADEC 6010
14.34 SAR 407.15K shares
46 Saudi Cement 3030
27.82 SAR 181.24K shares
47 Leejam Sports 1830
78.80 SAR 72.20K shares
48 Al Munjim 4162
62.85 SAR 149.45K shares
49 Al Babtain 2320
58.60 SAR 992.27K shares
50 Al Tayyar 4150
15.71 SAR 475.33K shares
51 Alarabia 4071
66.50 SAR 266.63K shares
52 Alkhorayef 2081
99.25 SAR 115.85K shares
53 Al Dawaa 4163
38.50 SAR 83.25K shares
54 Budget Saudi 4260
28.88 SAR 1.57M shares
55 Al Majed Oud 4165
119.50 SAR 16.12K shares
56 Etihad GO Telecom 7040
86.60 SAR 73.32K shares
57 SASCO 4050
38.10 SAR 450.75K shares
58 Maharah 1831
4.65 SAR 6.77M shares
59 Saudi Ceramics 2040
24.60 SAR 117.74K shares
60 SMASCO 1834
5.78 SAR 1.50M shares
61 Alsaif Gallery 4192
6.54 SAR 42.08K shares
62 Arabian Cement 3010
22.20 SAR 69.58K shares
63 Al Rajhi REIT 4340
8.05 SAR 98.88K shares
64 Fourth Mills 2286
4.02 SAR 245.87K shares
65 Arabian Mills 2285
42.26 SAR 122.08K shares
66 Eastern Cement 3080
24.90 SAR 78.56K shares
67 Tasheel 4083
28.44 SAR 182.65K shares
68 Avalon Pharma 4016
60.55 SAR 22.58K shares
69 Al Mawarid 1833
105.00 SAR 64.86K shares
70 Bawan 1302
33.66 SAR 724.02K shares
71 Ataa 4292
47.88 SAR 480.24K shares
72 Tubi 7204
6.50 SAR 1.92M shares
73 Alujain 2170
27.60 SAR 411.58K shares
74 Jadwa REIT Saudi 4342
9.91 SAR 798.05K shares
75 Senaat 2240
27.82 SAR 3.70M shares
76 Bonyan REIT 4347
9.83 SAR 88.86K shares
77 APC 2200
6.28 SAR 2.10M shares
78 SAPTCO 4040
11.99 SAR 1.57M shares
79 Lumi 4262
27.12 SAR 158.43K shares
80 SHL 1183
14.46 SAR 10.91K shares
81 City Cement 3003
10.30 SAR 904.06K shares
82 SEDCO Capital REIT 4344
7.60 SAR 233.32K shares
83 Al-Aseel 4012
3.54 SAR 470.53K shares
84 Talco 4143
34.50 SAR 44.03K shares
85 Al Andalus 4320
14.60 SAR 36.75K shares
86 Theeb Rent A Car 4261
20.33 SAR 682.04K shares
87 Nice One 4193
11.41 SAR 160.83K shares
88 Sumou 4323
25.82 SAR 19.37K shares
89 Tamkeen 1835
48.50 SAR 69.38K shares
90 Azm 7211
21.82 SAR 24.68K shares
91 Baan 1820
2.04 SAR 2.34M shares
92 MISK 2370
30.90 SAR 440.26K shares
93 BATEC 4110
2.04 SAR 5.91M shares
94 Tanmiah 2281
59.70 SAR 235.75K shares
95 Zoujaj 2150
36.18 SAR 26.15K shares
96 Northern Cement 3004
6.61 SAR 136.83K shares
97 Saudi Cable 2110
177.30 SAR 27.08K shares
98 Al Jouf 6070
39.28 SAR 101.05K shares
99 Nayifat 4081
9.99 SAR 75.02K shares
100 Naqi 2282
57.20 SAR 18.83K shares
101 Red Sea International 4230
23.46 SAR 1.85M shares
102 Halwani Bros 6001
31.70 SAR 170.35K shares
103 Sinad Holding 4080
8.06 SAR 63.11K shares
104 Al Amar 6014
40.18 SAR 112.56K shares
105 Herfy Foods 6002
15.10 SAR 221.01K shares
106 SAIC 2120
16.29 SAR 345.55K shares
107 Artex 2340
11.59 SAR 82.45K shares
108 Gulf Training 4290
13.80 SAR 309.16K shares
109 Najran Cement 3002
5.44 SAR 191.97K shares
110 Raoum 4144
71.00 SAR 96.17K shares
111 Amlak 1182
8.50 SAR 520.93K shares
112 Riyad REIT 4330
4.85 SAR 58.19K shares
113 Equipment House 4014
27.56 SAR 12.26K shares
114 Shams 4170
14.16 SAR 272.19K shares
115 Alinma Hospitality REIT 4349
7.95 SAR 189.33K shares
116 Abu Moati 4191
40.02 SAR 244.63K shares
117 Al-Hassan Shaker 1214
11.78 SAR 1.61M shares
118 Alkhabeer REIT 4348
5.62 SAR 268.70K shares
119 Obeikan Glass 4145
24.16 SAR 92.43K shares
120 SARCO 2030
48.38 SAR 167.60K shares
121 BCI 1210
25.14 SAR 40.21K shares
122 Intaj 2287
23.02 SAR 102.12K shares
123 Umm Al-Qura Cement 3005
12.37 SAR 53.48K shares
124 Ftihi Group 4180
2.43 SAR 929.64K shares
125 Tabuk Cement 3090
7.36 SAR 207.92K shares
126 Oasis 3007
2.85 SAR 343.41K shares
127 SACO 4008
21.00 SAR 42.85K shares
128 Lazurde 4011
10.43 SAR 369.03K shares
129 Banan 4324
2.97 SAR 90.88K shares
130 MRNA 4082
8.01 SAR 41.66K shares
131 Derayah REIT 4339
5.31 SAR 99.20K shares
132 Amiantit 2160
12.52 SAR 943.33K shares
133 Baazeem 4051
5.48 SAR 535.41K shares
134 Alinma Retail REIT 4345
4.67 SAR 126.27K shares
135 Taleem REIT 4333
10.24 SAR 15.78K shares
136 Aslak 1301
17.72 SAR 91.89K shares
137 SIDQ 2130
16.51 SAR 130.15K shares
138 Wafrah 2100
21.10 SAR 237.76K shares
139 Saudi DARB 4130
2.23 SAR 4.08M shares
140 Mulkia REIT 4336
4.52 SAR 11.80K shares
141 Sadarat 4140
2.37 SAR 1.69M shares
142 Nama Chemicals 2210
18.74 SAR 0 shares
143 SADR 1832
2.51 SAR 1.48M shares
144 Chemanol 2001
29.10 SAR 93.91K shares
145 CMCER 4021
5.50 SAR 267.65K shares
146 JADCO 6090
8.46 SAR 693.47K shares
147 NGC 2090
13.31 SAR 244.11K shares
148 Maadaniyah 2220
11.90 SAR 67.89K shares
149 Burgerizzr 6016
7.39 SAR 136.59K shares
150 Anaam Holding 4061
12.30 SAR 1.46M shares
151 FIPCO 2180
32.98 SAR 36.13K shares
152 GACO 6020
12.54 SAR 324.02K shares
153 SVCP 2360
17.60 SAR 71.60K shares
154 Tabuk Agriculture 6040
9.13 SAR 4.85M shares
155 Musharaka REIT 4335
3.45 SAR 298.40K shares
156 Al Aziziyah REIT 4337
4.73 SAR 12.59K shares
157 Food Development 6013
88.15 SAR 45.13K shares
158 MEFIC REIT 4346
3.32 SAR 67.27K shares
159 Thimar 4160
36.38 SAR 413.10K shares
160 Aljazira REIT 4331
11.22 SAR 15.80K shares
161 Raydan 6012
14.21 SAR 30.07K 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
26.60 SAR 6.60M shares
2 Al Rajhi Bank 1120
64.05 SAR 3.78M shares
3 Maaden 1211
65.10 SAR 1.61M shares
4 STC 7010
43.60 SAR 2.16M shares
5 SABIC 2010
49.64 SAR 2.77M shares
6 ACWA Power 2082
185.80 SAR 166.78K shares
7 Dr. Sulaiman Al Habib 4013
232.20 SAR 61.70K shares
8 Alinma Bank 1150
24.25 SAR 3.65M shares
9 Saudi Electricity 5110
17.08 SAR 1.28M shares
10 SABIC Agri-Nutrients 2020
126.50 SAR 778.59K shares
11 Mobily 7020
63.65 SAR 1.42M shares
12 Almarai 2280
47.70 SAR 363.95K shares
13 Elm 7203
606.00 SAR 88.40K shares
14 Petro Rabigh 2380
17.60 SAR 14.50M shares
15 Bank Albilad 1140
24.72 SAR 682.59K shares
16 Bahri 4030
30.74 SAR 1.72M shares
17 Bupa Arabia 8210
174.00 SAR 143.77K shares
18 Solutions 7202
213.00 SAR 29.87K shares
19 Jabal Omar 4250
18.00 SAR 7.15M shares
20 Tawuniya 8010
140.10 SAR 562.15K shares
21 Dar Al Arkan 4300
19.37 SAR 346.62K shares
22 Jarir 4190
17.34 SAR 1.64M shares
23 Yansab 2290
31.00 SAR 627.33K shares
24 EIC 1303
15.60 SAR 7.24M shares
25 Makkah Construction 4100
78.10 SAR 408.75K shares
26 Bank AlJazira 1020
12.20 SAR 2.57M shares
27 Tadawul Group 1111
118.50 SAR 146.97K shares
28 Mouwasat 4002
63.90 SAR 215.23K shares
29 Nahdi Medical 4164
96.25 SAR 136.02K shares
30 Aldrees 4200
119.50 SAR 481.24K shares
31 Astra Industrial 1212
138.10 SAR 77.84K shares
32 Alrajhi Takaful 8230
50.80 SAR 330.93K shares
33 Dallah Healthcare 4004
100.10 SAR 102.84K shares
34 Sipchem 2310
13.12 SAR 780.55K shares
35 Zain KSA 7030
10.30 SAR 1.39M shares
36 Taiba 4090
18.02 SAR 367.75K shares
37 MIS 7200
290.60 SAR 72.36K shares
38 Emaar EC 4220
9.62 SAR 436.96K shares
39 SIIG 2250
12.49 SAR 802.71K shares
40 AMAK 1322
86.35 SAR 433.69K shares
41 Saudi Kayan 2350
5.14 SAR 2.79M shares
42 Cenomi Centers 4321
16.13 SAR 244.17K shares
43 Savola Group 2050
25.34 SAR 1.75M shares
44 Chemical 2230
8.06 SAR 3.32M shares
45 SADAFCO 2270
205.80 SAR 49.98K shares
46 Advanced 2330
24.21 SAR 634.95K shares
47 National Education 4291
143.00 SAR 28.92K shares
48 East Pipes 1321
195.10 SAR 120.75K shares
49 Catrion 6004
74.20 SAR 230.64K shares
50 Tasnee 2060
8.88 SAR 530.68K shares
51 Saudi Real Estate 4020
15.65 SAR 755.04K shares
52 Knowledge Economic City 4310
17.10 SAR 2.33M shares
53 CARE 4005
122.30 SAR 72.15K shares
54 BinDawood 4161
4.53 SAR 370.91K shares
55 Seera 1810
20.20 SAR 901.11K shares
56 SGS 4031
26.52 SAR 814.26K shares
57 eXtra 4003
63.20 SAR 1.01M shares
58 Qassim Cement 3040
43.92 SAR 43.41K shares
59 Yamama Cement 3020
23.08 SAR 433.92K shares
60 SRMG 4210
57.50 SAR 210.15K shares
61 Saudi Gas 2080
61.10 SAR 419.83K shares
62 Abdullah Al Othaim Markets 4001
4.90 SAR 9.96M shares
63 NADEC 6010
14.34 SAR 407.15K shares
64 Saudi Cement 3030
27.82 SAR 181.24K shares
65 Leejam Sports 1830
78.80 SAR 72.20K shares
66 Saudi Re 8200
24.20 SAR 292.74K shares
67 Alhammadi 4007
25.16 SAR 420.32K shares
68 Al Munjim 4162
62.85 SAR 149.45K shares
69 Al Babtain 2320
58.60 SAR 992.27K shares
70 SPIMACO 2070
30.80 SAR 188.37K shares
71 Al Tayyar 4150
15.71 SAR 475.33K shares
72 Alarabia 4071
66.50 SAR 266.63K shares
73 Alkhorayef 2081
99.25 SAR 115.85K shares
74 Al Dawaa 4163
38.50 SAR 83.25K shares
75 Budget Saudi 4260
28.88 SAR 1.57M shares
76 Etihad GO Telecom 7040
86.60 SAR 73.32K shares
77 Saudi German Health 4009
30.94 SAR 438.14K shares
78 SISCO Holding 2190
34.30 SAR 411.48K shares
79 Southern Cement 3050
19.40 SAR 115.61K shares
80 Riyadh Cement 3092
22.31 SAR 81.47K shares
81 SASCO 4050
38.10 SAR 450.75K shares
82 Maharah 1831
4.65 SAR 6.77M shares
83 JAZ 4146
16.31 SAR 339.63K shares
84 Saudi Ceramics 2040
24.60 SAR 117.74K shares
85 SSP 1320
46.92 SAR 92.75K shares
86 Jahez 6017
11.48 SAR 812.77K shares
87 MedGulf 8030
16.95 SAR 384.06K shares
88 Yanbu Cement 3060
14.63 SAR 409.94K shares
89 SPM 2300
62.25 SAR 107.36K shares
90 Arabian Cement 3010
22.20 SAR 69.58K shares
91 Al Rajhi REIT 4340
8.05 SAR 98.88K shares
92 Eastern Cement 3080
24.90 SAR 78.56K shares
93 Bawan 1302
33.66 SAR 724.02K shares
94 Ataa 4292
47.88 SAR 480.24K shares
95 Alyamamah Steel 1304
37.90 SAR 120.44K shares
96 Alujain 2170
27.60 SAR 411.58K shares
97 Jadwa REIT Saudi 4342
9.91 SAR 798.05K shares
98 GIG 8250
32.42 SAR 115.78K shares
99 Senaat 2240
27.82 SAR 3.70M shares
100 Bonyan REIT 4347
9.83 SAR 88.86K shares
101 MEPCO 1202
18.25 SAR 1.91M shares
102 APC 2200
6.28 SAR 2.10M shares
103 SAPTCO 4040
11.99 SAR 1.57M shares
104 SHL 1183
14.46 SAR 10.91K shares
105 City Cement 3003
10.30 SAR 904.06K shares
106 Walaa 8060
11.26 SAR 1.01M shares
107 Cenomi Retail 4240
12.45 SAR 2.79M shares
108 SEDCO Capital REIT 4344
7.60 SAR 233.32K shares
109 Al-Aseel 4012
3.54 SAR 470.53K shares
110 Al Andalus 4320
14.60 SAR 36.75K shares
111 Theeb Rent A Car 4261
20.33 SAR 682.04K shares
112 Sumou 4323
25.82 SAR 19.37K shares
113 Azm 7211
21.82 SAR 24.68K shares
114 Baan 1820
2.04 SAR 2.34M shares
115 MISK 2370
30.90 SAR 440.26K shares
116 BATEC 4110
2.04 SAR 5.91M shares
117 Tanmiah 2281
59.70 SAR 235.75K shares
118 Zoujaj 2150
36.18 SAR 26.15K shares
119 Northern Cement 3004
6.61 SAR 136.83K shares
120 Saudi Cable 2110
177.30 SAR 27.08K shares
121 Al Jouf 6070
39.28 SAR 101.05K shares
122 Nayifat 4081
9.99 SAR 75.02K shares
123 Red Sea International 4230
23.46 SAR 1.85M shares
124 Halwani Bros 6001
31.70 SAR 170.35K shares
125 Sinad Holding 4080
8.06 SAR 63.11K shares
126 Arabian Shield 8070
12.31 SAR 618.52K shares
127 Herfy Foods 6002
15.10 SAR 221.01K shares
128 SAIC 2120
16.29 SAR 345.55K shares
129 Nasij 1213
22.40 SAR 543.32K shares
130 Artex 2340
11.59 SAR 82.45K shares
131 AlAhli REIT 1 4338
6.84 SAR 90.21K shares
132 Ayan 2140
9.17 SAR 148.01K shares
133 Gulf Training 4290
13.80 SAR 309.16K shares
134 Najran Cement 3002
5.44 SAR 191.97K shares
135 Raoum 4144
71.00 SAR 96.17K shares
136 Amlak 1182
8.50 SAR 520.93K shares
137 Riyad REIT 4330
4.85 SAR 58.19K shares
138 Shams 4170
14.16 SAR 272.19K shares
139 Abu Moati 4191
40.02 SAR 244.63K shares
140 Al-Hassan Shaker 1214
11.78 SAR 1.61M shares
141 Alkhabeer REIT 4348
5.62 SAR 268.70K shares
142 Mutakamela 8040
13.15 SAR 349.01K shares
143 Obeikan Glass 4145
24.16 SAR 92.43K shares
144 Jazira Takaful 8012
11.51 SAR 69.63K shares
145 Chubb 8240
18.15 SAR 215.73K shares
146 SARCO 2030
48.38 SAR 167.60K shares
147 BCI 1210
25.14 SAR 40.21K shares
148 Gulf Union 8120
15.00 SAR 81.22K shares
149 Umm Al-Qura Cement 3005
12.37 SAR 53.48K shares
150 Ftihi Group 4180
2.43 SAR 929.64K shares
151 Tabuk Cement 3090
7.36 SAR 207.92K shares
152 Oasis 3007
2.85 SAR 343.41K shares
153 SACO 4008
21.00 SAR 42.85K shares
154 Wataniya 8300
15.14 SAR 380.63K shares
155 LIVA 8280
15.03 SAR 193.83K shares
156 Lazurde 4011
10.43 SAR 369.03K shares
157 Banan 4324
2.97 SAR 90.88K shares
158 Derayah REIT 4339
5.31 SAR 99.20K shares
159 Amiantit 2160
12.52 SAR 943.33K shares
160 Al Maather REIT 4334
9.06 SAR 38.16K shares
161 Farm Superstores 4006
12.35 SAR 39.73K shares
162 Baazeem 4051
5.48 SAR 535.41K shares
163 Alinma Retail REIT 4345
4.67 SAR 126.27K shares
164 Jouf Cement 3091
4.86 SAR 169.99K shares
165 Taleem REIT 4333
10.24 SAR 15.78K shares
166 Printing & Packaging 4270
7.92 SAR 4.34M shares
167 Malath Insurance 8020
10.19 SAR 117.96K shares
168 Aslak 1301
17.72 SAR 91.89K shares
169 SIDQ 2130
16.51 SAR 130.15K shares
170 Wafrah 2100
21.10 SAR 237.76K shares
171 Saudi DARB 4130
2.23 SAR 4.08M shares
172 Mulkia REIT 4336
4.52 SAR 11.80K shares
173 Sadarat 4140
2.37 SAR 1.69M shares
174 National Fisheries 6050
67.25 SAR 2.68M shares
175 SADECO 6060
14.90 SAR 1.73M shares
176 Nama Chemicals 2210
18.74 SAR 0 shares
177 AICC 8160
8.29 SAR 184.56K shares
178 SADR 1832
2.51 SAR 1.48M shares
179 Chemanol 2001
29.10 SAR 93.91K shares
180 CMCER 4021
5.50 SAR 267.65K shares
181 JADCO 6090
8.46 SAR 693.47K shares
182 NGC 2090
13.31 SAR 244.11K shares
183 Maadaniyah 2220
11.90 SAR 67.89K shares
184 Burgerizzr 6016
7.39 SAR 136.59K shares
185 Tihama 4070
17.80 SAR 120.09K shares
186 Anaam Holding 4061
12.30 SAR 1.46M shares
187 FIPCO 2180
32.98 SAR 36.13K shares
188 GACO 6020
12.54 SAR 324.02K shares
189 Aletihad 8170
7.24 SAR 511.62K shares
190 SVCP 2360
17.60 SAR 71.60K shares
191 Tabuk Agriculture 6040
9.13 SAR 4.85M shares
192 Takween 1201
4.60 SAR 742.66K shares
193 Alsagr Insurance 8180
11.30 SAR 120.89K shares
194 Arabian Sea 7201
3.36 SAR 540.41K shares
195 SAICO 8100
10.70 SAR 207.43K shares
196 Jadwa REIT Alharamain 4332
4.85 SAR 109.97K shares
197 Alkathiri 3008
1.39 SAR 592.98K shares
198 Amana Insurance 8310
7.27 SAR 471.43K shares
199 Musharaka REIT 4335
3.45 SAR 298.40K shares
200 Al Aziziyah REIT 4337
4.73 SAR 12.59K shares
201 Salama 8050
8.85 SAR 262.10K shares
202 Food Development 6013
88.15 SAR 45.13K shares
203 Al-Omran 4141
20.74 SAR 30.18K shares
204 MEFIC REIT 4346
3.32 SAR 67.27K shares
205 ACIG 8150
8.15 SAR 1.55M shares
206 Enaya 8311
10.22 SAR 728.18K shares
207 UCA 8190
3.40 SAR 253.50K shares
208 Aljazira REIT 4331
11.22 SAR 15.80K shares
209 Gulf General 8260
3.84 SAR 288.06K shares
210 Raydan 6012
14.21 SAR 30.07K 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.