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
26.14 SAR 8.84M shares
2 Al Rajhi Bank 1120
66.35 SAR 4.24M shares
3 Maaden 1211
60.10 SAR 3.32M shares
4 STC 7010
43.88 SAR 1.88M shares
5 SABIC 2010
53.10 SAR 1.93M shares
6 ACWA Power 2082
198.50 SAR 352.54K shares
7 Saudi Electricity 5110
18.10 SAR 1.69M shares
8 Alinma Bank 1150
24.99 SAR 4.02M shares
9 Dr. Sulaiman Al Habib 4013
213.80 SAR 252.30K shares
10 SABIC Agri-Nutrients 2020
126.10 SAR 351.33K shares
11 Elm 7203
692.00 SAR 60.27K shares
12 Mobily 7020
60.70 SAR 709.14K shares
13 Almarai 2280
44.92 SAR 1.07M shares
14 Bank Albilad 1140
24.75 SAR 853.88K shares
15 Bahri 4030
32.92 SAR 1.39M shares
16 Bupa Arabia 8210
180.60 SAR 85.23K shares
17 Petro Rabigh 2380
12.04 SAR 4.05M shares
18 Massar 4325
17.84 SAR 5.72M shares
19 Solutions 7202
208.60 SAR 143.59K shares
20 Tawuniya 8010
152.60 SAR 212.91K shares
21 Luberef 2223
124.30 SAR 514.26K shares
22 ADES Holding 2382
18.74 SAR 1.50M shares
23 Jarir 4190
16.79 SAR 4.34M shares
24 Dar Al Arkan 4300
17.54 SAR 1.48M shares
25 Riyadh Cables 4142
126.50 SAR 216.55K shares
26 Jabal Omar 4250
14.84 SAR 5.16M shares
27 Americana 6015
2.07 SAR 9.05M shares
28 Makkah Construction 4100
86.65 SAR 161.63K shares
29 Yansab 2290
29.56 SAR 1.47M shares
30 EIC 1303
14.76 SAR 2.50M shares
31 Tadawul Group 1111
133.90 SAR 170.22K shares
32 Bank AlJazira 1020
11.93 SAR 1.55M shares
33 SAL 4263
179.30 SAR 127.11K shares
34 Mouwasat 4002
63.00 SAR 337.01K shares
35 Nahdi Medical 4164
94.05 SAR 72.20K shares
36 Rasan 8313
153.00 SAR 203.32K shares
37 Aldrees 4200
116.50 SAR 218.19K shares
38 Dallah Healthcare 4004
112.00 SAR 44.12K shares
39 Jamjoom Pharma 4015
159.70 SAR 38.84K shares
40 Alrajhi Takaful 8230
54.10 SAR 358.99K shares
41 Sipchem 2310
14.70 SAR 9.03M shares
42 Astra Industrial 1212
132.50 SAR 47.36K shares
43 Flynas 4264
57.75 SAR 542.56K shares
44 Taiba 4090
19.53 SAR 156.15K shares
45 Marafiq 2083
38.32 SAR 179.13K shares
46 Zain KSA 7030
10.60 SAR 4.07M shares
47 SIIG 2250
13.90 SAR 803.91K shares
48 Savola Group 2050
30.00 SAR 336.53K shares
49 Emaar EC 4220
10.05 SAR 541.95K shares
50 Fakeeh Care 4017
37.30 SAR 44.75K shares
51 Arabian Drilling 2381
91.80 SAR 101.03K shares
52 Cenomi Centers 4321
17.12 SAR 202.87K shares
53 Saudi Kayan 2350
5.24 SAR 5.09M shares
54 East Pipes 1321
227.00 SAR 137.90K shares
55 SADAFCO 2270
219.00 SAR 12.17K shares
56 Chemical 2230
8.15 SAR 3.53M shares
57 MIS 7200
224.20 SAR 107.11K shares
58 AMAK 1322
71.95 SAR 185.23K shares
59 Advanced 2330
24.91 SAR 634.35K shares
60 Tasnee 2060
9.26 SAR 219.95K shares
61 Catrion 6004
75.10 SAR 88.06K shares
62 Retal 4322
12.30 SAR 406.84K shares
63 Saudi Real Estate 4020
16.04 SAR 502.25K shares
64 SGS 4031
31.34 SAR 242.32K shares
65 SRMG 4210
72.00 SAR 149.84K shares
66 National Education 4291
132.90 SAR 29.36K shares
67 eXtra 4003
73.65 SAR 134.88K shares
68 BinDawood 4161
4.91 SAR 369.33K shares
69 Derayah 4084
22.55 SAR 417.49K shares
70 Saudi Gas 2080
72.25 SAR 228.89K shares
71 Seera 1810
21.13 SAR 353.41K shares
72 Abdullah Al Othaim Markets 4001
5.90 SAR 454.00K shares
73 Almoosa 4018
118.60 SAR 23.57K shares
74 Yamama Cement 3020
25.58 SAR 307.71K shares
75 Alarabia 4071
91.75 SAR 40.59K shares
76 Qassim Cement 3040
45.14 SAR 134.45K shares
77 NADEC 6010
15.98 SAR 1.34M shares
78 Saudi Cement 3030
31.10 SAR 140.69K shares
79 CARE 4005
105.20 SAR 81.14K shares
80 Alhammadi 4007
27.74 SAR 28.32K shares
81 Saudi Re 8200
26.22 SAR 281.01K shares
82 Al Babtain 2320
67.85 SAR 430.30K shares
83 SMC Healthcare 4019
16.98 SAR 163.21K shares
84 Knowledge Economic City 4310
12.43 SAR 615.27K shares
85 Al Tayyar 4150
17.80 SAR 533.53K shares
86 Leejam Sports 1830
78.50 SAR 69.27K shares
87 Alkhorayef 2081
115.40 SAR 71.22K shares
88 Al Munjim 4162
61.90 SAR 35.70K shares
89 Al Dawaa 4163
43.38 SAR 98.72K shares
90 Al Majed Oud 4165
137.80 SAR 28.64K shares
91 SPIMACO 2070
28.84 SAR 604.13K shares
92 Budget Saudi 4260
31.36 SAR 388.29K shares
93 SASCO 4050
45.60 SAR 109.90K shares
94 Etihad GO Telecom 7040
92.50 SAR 108.95K shares
95 First Mills 2283
54.00 SAR 309.42K shares
96 Saudi German Health 4009
32.22 SAR 842.70K shares
97 Maharah 1831
6.54 SAR 1.20M shares
98 Jahez 6017
13.72 SAR 777.38K shares
99 Riyadh Cement 3092
23.18 SAR 126.84K shares
100 SISCO Holding 2190
33.90 SAR 159.32K shares
101 Southern Cement 3050
19.36 SAR 42.03K shares
102 Tasheel 4083
35.62 SAR 178.26K shares
103 SSP 1320
52.75 SAR 189.75K shares
104 JAZ 4146
16.60 SAR 265.74K shares
105 Saudi Ceramics 2040
26.18 SAR 186.55K shares
106 Al Ramz 4327
59.40 SAR 176.29K shares
107 SMASCO 1834
6.32 SAR 1.62M shares
108 Arabian Mills 2285
49.18 SAR 144.83K shares
109 Almasar Alshamil 6019
23.87 SAR 697.26K shares
110 Yanbu Cement 3060
15.50 SAR 490.71K shares
111 Miyahuna 2084
14.98 SAR 249.30K shares
112 Alsaif Gallery 4192
6.83 SAR 43.74K shares
113 Bawan 1302
39.64 SAR 425.02K shares
114 Eastern Cement 3080
27.34 SAR 314.30K shares
115 Modern Mills 2284
29.00 SAR 79.80K shares
116 Arabian Cement 3010
23.40 SAR 126.85K shares
117 Fourth Mills 2286
4.26 SAR 615.32K shares
118 Al Rajhi REIT 4340
8.22 SAR 44.79K shares
119 MedGulf 8030
16.31 SAR 583.29K shares
120 Almajediah 4326
7.26 SAR 396.49K shares
121 Ataa 4292
50.20 SAR 32.69K shares
122 Al Mawarid 1833
105.10 SAR 220.68K shares
123 Avalon Pharma 4016
60.00 SAR 58.33K shares
124 Alyamamah Steel 1304
40.88 SAR 238.86K shares
125 Jadwa REIT Saudi 4342
11.08 SAR 175.38K shares
126 Senaat 2240
34.40 SAR 81.69K shares
127 SPM 2300
54.85 SAR 113.78K shares
128 Tubi 7204
6.48 SAR 525.85K shares
129 Alujain 2170
27.50 SAR 596.45K shares
130 Lumi 4262
32.54 SAR 184.44K shares
131 GIG 8250
32.20 SAR 262.69K shares
132 Bonyan REIT 4347
10.08 SAR 43.24K shares
133 Nice One 4193
13.84 SAR 349.53K shares
134 Cenomi Retail 4240
13.86 SAR 1.20M shares
135 City Cement 3003
11.31 SAR 735.58K shares
136 Theeb Rent A Car 4261
23.76 SAR 638.80K shares
137 MEPCO 1202
17.50 SAR 405.02K shares
138 SHL 1183
15.04 SAR 26.75K shares
139 SEDCO Capital REIT 4344
7.99 SAR 96.41K shares
140 Al-Aseel 4012
3.70 SAR 248.29K shares
141 Sumou 4323
28.60 SAR 96.29K shares
142 SAPTCO 4040
11.15 SAR 302.20K shares
143 APC 2200
6.77 SAR 3.48M shares
144 BATEC 4110
2.21 SAR 8.99M shares
145 Al Andalus 4320
14.00 SAR 47.24K shares
146 Talco 4143
32.66 SAR 47.85K shares
147 Walaa 8060
10.24 SAR 252.33K shares
148 Baan 1820
2.10 SAR 4.45M shares
149 Al Jouf 6070
42.76 SAR 80.63K shares
150 Azm 7211
21.50 SAR 113.02K shares
151 MISK 2370
30.56 SAR 193.72K shares
152 Northern Cement 3004
6.76 SAR 81.16K shares
153 Tamkeen 1835
45.76 SAR 55.21K shares
154 Zoujaj 2150
35.88 SAR 56.29K shares
155 Nayifat 4081
9.89 SAR 43.44K shares
156 Halwani Bros 6001
32.10 SAR 206.55K shares
157 Saudi Cable 2110
170.00 SAR 14.72K shares
158 Tanmiah 2281
55.80 SAR 44.88K shares
159 Sinad Holding 4080
8.79 SAR 83.52K shares
160 Ayan 2140
10.82 SAR 171.22K shares
161 Nasij 1213
25.44 SAR 1.08M shares
162 Naqi 2282
54.10 SAR 44.98K shares
163 Red Sea International 4230
22.13 SAR 1.08M shares
164 UCIC 1323
25.20 SAR 45.23K shares
165 Al Amar 6014
39.74 SAR 35.12K shares
166 Gulf Training 4290
15.22 SAR 157.31K shares
167 Shams 4170
16.99 SAR 278.23K shares
168 SAIC 2120
16.20 SAR 146.42K shares
169 Arabian Shield 8070
11.97 SAR 38.35K shares
170 Najran Cement 3002
5.78 SAR 277.73K shares
171 Herfy Foods 6002
14.29 SAR 136.78K shares
172 Al-Hassan Shaker 1214
13.63 SAR 502.00K shares
173 Amlak 1182
8.89 SAR 266.35K shares
174 Abu Moati 4191
45.16 SAR 145.32K shares
175 Artex 2340
10.95 SAR 61.79K shares
176 Equipment House 4014
29.64 SAR 31.31K shares
177 AlAhli REIT 1 4338
6.43 SAR 21.43K shares
178 Riyad REIT 4330
5.03 SAR 108.15K shares
179 Alinma Hospitality REIT 4349
8.34 SAR 1.29M shares
180 Alkhabeer REIT 4348
5.74 SAR 119.13K shares
181 Al Andiya 6018
6.90 SAR 1.08M shares
182 Raoum 4144
62.70 SAR 46.61K shares
183 Umm Al-Qura Cement 3005
13.89 SAR 140.99K shares
184 Jazira Takaful 8012
11.49 SAR 58.70K shares
185 Obeikan Glass 4145
23.65 SAR 79.99K shares
186 Chubb 8240
18.90 SAR 239.80K shares
187 Intaj 2287
24.40 SAR 151.36K shares
188 Shari 4265
23.80 SAR 141.25K shares
189 Tabuk Cement 3090
7.82 SAR 135.44K shares
190 Build Station 4194
43.94 SAR 51.29K shares
191 SARCO 2030
46.52 SAR 489.64K shares
192 SACO 4008
23.12 SAR 56.19K shares
193 Ftihi Group 4180
2.40 SAR 512.05K shares
194 CGS 4147
6.57 SAR 1.59M shares
195 BCI 1210
23.74 SAR 13.55K shares
196 Derayah REIT 4339
5.68 SAR 261.80K shares
197 Gulf Union 8120
13.28 SAR 169.49K shares
198 Banan 4324
3.03 SAR 112.08K shares
199 Chemanol 2001
8.87 SAR 0 shares
200 Amiantit 2160
13.30 SAR 190.65K shares
201 Oasis 3007
2.63 SAR 500.12K shares
202 Farm Superstores 4006
12.84 SAR 34.57K shares
203 Alinma Retail REIT 4345
4.88 SAR 93.34K shares
204 Al Maather REIT 4334
9.04 SAR 25.84K shares
205 Taleem REIT 4333
10.87 SAR 6.67K shares
206 Baazeem 4051
5.47 SAR 493.19K shares
207 Jouf Cement 3091
4.99 SAR 211.89K shares
208 Mutakamela 8040
9.05 SAR 213.89K shares
209 MRNA 4082
7.44 SAR 113.50K shares
210 Wataniya 8300
12.90 SAR 196.21K shares
211 Wafrah 2100
21.16 SAR 1.58M shares
212 Mulkia REIT 4336
4.63 SAR 42.04K shares
213 LIVA 8280
11.90 SAR 281.00K shares
214 SIDQ 2130
15.68 SAR 296.30K shares
215 Malath Insurance 8020
9.36 SAR 679.45K shares
216 SADR 1832
2.65 SAR 946.98K shares
217 Saudi DARB 4130
2.11 SAR 8.48M shares
218 Sadarat 4140
2.35 SAR 3.45M shares
219 Printing & Packaging 4270
7.00 SAR 219.53K shares
220 Aslak 1301
16.24 SAR 45.92K shares
221 NGC 2090
14.00 SAR 97.81K shares
222 Nama Chemicals 2210
18.74 SAR 0 shares
223 AICC 8160
8.20 SAR 18.98K shares
224 CMCER 4021
5.57 SAR 159.27K shares
225 Maadaniyah 2220
12.04 SAR 140.43K shares
226 Burgerizzr 6016
7.41 SAR 462.07K shares
227 JADCO 6090
8.07 SAR 81.20K shares
228 SADECO 6060
13.38 SAR 865.74K shares
229 National Fisheries 6050
59.45 SAR 1.16M shares
230 Tihama 4070
16.77 SAR 119.04K shares
231 Takween 1201
4.97 SAR 461.64K shares
232 Anaam Holding 4061
11.90 SAR 1.20M shares
233 GACO 6020
12.46 SAR 151.44K shares
234 FIPCO 2180
32.10 SAR 106.22K shares
235 Alkathiri 3008
1.61 SAR 1.46M shares
236 Musharaka REIT 4335
3.98 SAR 59.37K shares
237 Alsagr Insurance 8180
11.52 SAR 199.16K shares
238 Arabian Sea 7201
3.40 SAR 4.98M shares
239 Jadwa REIT Alharamain 4332
4.98 SAR 37.66K shares
240 Aletihad 8170
6.33 SAR 104.39K shares
241 SVCP 2360
17.12 SAR 67.00K shares
242 Al Aziziyah REIT 4337
5.12 SAR 39.91K shares
243 Food Development 6013
95.20 SAR 103.41K shares
244 Al-Omran 4141
21.45 SAR 194.25K shares
245 Tabuk Agriculture 6040
6.48 SAR 516.77K shares
246 Enaya 8311
10.85 SAR 165.16K shares
247 MEFIC REIT 4346
3.39 SAR 42.07K shares
248 Salama 8050
8.18 SAR 469.60K shares
249 Thimar 4160
35.82 SAR 668.17K shares
250 ACIG 8150
6.32 SAR 142.48K shares
251 UCA 8190
3.20 SAR 306.58K shares
252 Aljazira REIT 4331
10.80 SAR 8.76K shares
253 Gulf General 8260
3.82 SAR 163.33K shares
254 Raydan 6012
14.34 SAR 108.12K 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
43.88 SAR 1.88M shares
2 Dr. Sulaiman Al Habib 4013
213.80 SAR 252.30K shares
3 SABIC Agri-Nutrients 2020
126.10 SAR 351.33K shares
4 Elm 7203
692.00 SAR 60.27K shares
5 Mobily 7020
60.70 SAR 709.14K shares
6 Almarai 2280
44.92 SAR 1.07M shares
7 Bahri 4030
32.92 SAR 1.39M shares
8 Massar 4325
17.84 SAR 5.72M shares
9 Solutions 7202
208.60 SAR 143.59K shares
10 Luberef 2223
124.30 SAR 514.26K shares
11 Jarir 4190
16.79 SAR 4.34M shares
12 Dar Al Arkan 4300
17.54 SAR 1.48M shares
13 Riyadh Cables 4142
126.50 SAR 216.55K shares
14 Jabal Omar 4250
14.84 SAR 5.16M shares
15 Makkah Construction 4100
86.65 SAR 161.63K shares
16 Yansab 2290
29.56 SAR 1.47M shares
17 EIC 1303
14.76 SAR 2.50M shares
18 Nahdi Medical 4164
94.05 SAR 72.20K shares
19 Aldrees 4200
116.50 SAR 218.19K shares
20 Dallah Healthcare 4004
112.00 SAR 44.12K shares
21 Sipchem 2310
14.70 SAR 9.03M shares
22 Astra Industrial 1212
132.50 SAR 47.36K shares
23 Flynas 4264
57.75 SAR 542.56K shares
24 Taiba 4090
19.53 SAR 156.15K shares
25 Marafiq 2083
38.32 SAR 179.13K shares
26 SIIG 2250
13.90 SAR 803.91K shares
27 Arabian Drilling 2381
91.80 SAR 101.03K shares
28 Cenomi Centers 4321
17.12 SAR 202.87K shares
29 Saudi Kayan 2350
5.24 SAR 5.09M shares
30 East Pipes 1321
227.00 SAR 137.90K shares
31 SADAFCO 2270
219.00 SAR 12.17K shares
32 Chemical 2230
8.15 SAR 3.53M shares
33 AMAK 1322
71.95 SAR 185.23K shares
34 Advanced 2330
24.91 SAR 634.35K shares
35 Retal 4322
12.30 SAR 406.84K shares
36 SGS 4031
31.34 SAR 242.32K shares
37 National Education 4291
132.90 SAR 29.36K shares
38 BinDawood 4161
4.91 SAR 369.33K shares
39 Saudi Gas 2080
72.25 SAR 228.89K shares
40 Seera 1810
21.13 SAR 353.41K shares
41 Abdullah Al Othaim Markets 4001
5.90 SAR 454.00K shares
42 Yamama Cement 3020
25.58 SAR 307.71K shares
43 Alarabia 4071
91.75 SAR 40.59K shares
44 Qassim Cement 3040
45.14 SAR 134.45K shares
45 NADEC 6010
15.98 SAR 1.34M shares
46 Saudi Cement 3030
31.10 SAR 140.69K shares
47 Al Babtain 2320
67.85 SAR 430.30K shares
48 Knowledge Economic City 4310
12.43 SAR 615.27K shares
49 Al Tayyar 4150
17.80 SAR 533.53K shares
50 Leejam Sports 1830
78.50 SAR 69.27K shares
51 Alkhorayef 2081
115.40 SAR 71.22K shares
52 Al Munjim 4162
61.90 SAR 35.70K shares
53 Al Dawaa 4163
43.38 SAR 98.72K shares
54 Al Majed Oud 4165
137.80 SAR 28.64K shares
55 Budget Saudi 4260
31.36 SAR 388.29K shares
56 SASCO 4050
45.60 SAR 109.90K shares
57 Etihad GO Telecom 7040
92.50 SAR 108.95K shares
58 Maharah 1831
6.54 SAR 1.20M shares
59 Tasheel 4083
35.62 SAR 178.26K shares
60 Saudi Ceramics 2040
26.18 SAR 186.55K shares
61 SMASCO 1834
6.32 SAR 1.62M shares
62 Arabian Mills 2285
49.18 SAR 144.83K shares
63 Alsaif Gallery 4192
6.83 SAR 43.74K shares
64 Bawan 1302
39.64 SAR 425.02K shares
65 Eastern Cement 3080
27.34 SAR 314.30K shares
66 Arabian Cement 3010
23.40 SAR 126.85K shares
67 Fourth Mills 2286
4.26 SAR 615.32K shares
68 Al Rajhi REIT 4340
8.22 SAR 44.79K shares
69 Ataa 4292
50.20 SAR 32.69K shares
70 Al Mawarid 1833
105.10 SAR 220.68K shares
71 Avalon Pharma 4016
60.00 SAR 58.33K shares
72 Jadwa REIT Saudi 4342
11.08 SAR 175.38K shares
73 Senaat 2240
34.40 SAR 81.69K shares
74 Tubi 7204
6.48 SAR 525.85K shares
75 Alujain 2170
27.50 SAR 596.45K shares
76 Lumi 4262
32.54 SAR 184.44K shares
77 Bonyan REIT 4347
10.08 SAR 43.24K shares
78 Nice One 4193
13.84 SAR 349.53K shares
79 City Cement 3003
11.31 SAR 735.58K shares
80 Theeb Rent A Car 4261
23.76 SAR 638.80K shares
81 SHL 1183
15.04 SAR 26.75K shares
82 SEDCO Capital REIT 4344
7.99 SAR 96.41K shares
83 Al-Aseel 4012
3.70 SAR 248.29K shares
84 Sumou 4323
28.60 SAR 96.29K shares
85 SAPTCO 4040
11.15 SAR 302.20K shares
86 APC 2200
6.77 SAR 3.48M shares
87 BATEC 4110
2.21 SAR 8.99M shares
88 Al Andalus 4320
14.00 SAR 47.24K shares
89 Talco 4143
32.66 SAR 47.85K shares
90 Baan 1820
2.10 SAR 4.45M shares
91 Al Jouf 6070
42.76 SAR 80.63K shares
92 Azm 7211
21.50 SAR 113.02K shares
93 MISK 2370
30.56 SAR 193.72K shares
94 Northern Cement 3004
6.76 SAR 81.16K shares
95 Tamkeen 1835
45.76 SAR 55.21K shares
96 Zoujaj 2150
35.88 SAR 56.29K shares
97 Nayifat 4081
9.89 SAR 43.44K shares
98 Halwani Bros 6001
32.10 SAR 206.55K shares
99 Saudi Cable 2110
170.00 SAR 14.72K shares
100 Tanmiah 2281
55.80 SAR 44.88K shares
101 Sinad Holding 4080
8.79 SAR 83.52K shares
102 Naqi 2282
54.10 SAR 44.98K shares
103 Red Sea International 4230
22.13 SAR 1.08M shares
104 Al Amar 6014
39.74 SAR 35.12K shares
105 Gulf Training 4290
15.22 SAR 157.31K shares
106 Shams 4170
16.99 SAR 278.23K shares
107 SAIC 2120
16.20 SAR 146.42K shares
108 Najran Cement 3002
5.78 SAR 277.73K shares
109 Herfy Foods 6002
14.29 SAR 136.78K shares
110 Al-Hassan Shaker 1214
13.63 SAR 502.00K shares
111 Amlak 1182
8.89 SAR 266.35K shares
112 Abu Moati 4191
45.16 SAR 145.32K shares
113 Artex 2340
10.95 SAR 61.79K shares
114 Equipment House 4014
29.64 SAR 31.31K shares
115 Riyad REIT 4330
5.03 SAR 108.15K shares
116 Alinma Hospitality REIT 4349
8.34 SAR 1.29M shares
117 Alkhabeer REIT 4348
5.74 SAR 119.13K shares
118 Raoum 4144
62.70 SAR 46.61K shares
119 Umm Al-Qura Cement 3005
13.89 SAR 140.99K shares
120 Obeikan Glass 4145
23.65 SAR 79.99K shares
121 Intaj 2287
24.40 SAR 151.36K shares
122 Tabuk Cement 3090
7.82 SAR 135.44K shares
123 SARCO 2030
46.52 SAR 489.64K shares
124 SACO 4008
23.12 SAR 56.19K shares
125 Ftihi Group 4180
2.40 SAR 512.05K shares
126 BCI 1210
23.74 SAR 13.55K shares
127 Lazurde 4011
11.02 SAR 137.91K shares
128 Derayah REIT 4339
5.68 SAR 261.80K shares
129 Banan 4324
3.03 SAR 112.08K shares
130 Chemanol 2001
8.87 SAR 0 shares
131 Amiantit 2160
13.30 SAR 190.65K shares
132 Oasis 3007
2.63 SAR 500.12K shares
133 Alinma Retail REIT 4345
4.88 SAR 93.34K shares
134 Taleem REIT 4333
10.87 SAR 6.67K shares
135 Baazeem 4051
5.47 SAR 493.19K shares
136 MRNA 4082
7.44 SAR 113.50K shares
137 Wafrah 2100
21.16 SAR 1.58M shares
138 Mulkia REIT 4336
4.63 SAR 42.04K shares
139 SIDQ 2130
15.68 SAR 296.30K shares
140 SADR 1832
2.65 SAR 946.98K shares
141 Saudi DARB 4130
2.11 SAR 8.48M shares
142 Sadarat 4140
2.35 SAR 3.45M shares
143 Aslak 1301
16.24 SAR 45.92K shares
144 NGC 2090
14.00 SAR 97.81K shares
145 Nama Chemicals 2210
18.74 SAR 0 shares
146 CMCER 4021
5.57 SAR 159.27K shares
147 Maadaniyah 2220
12.04 SAR 140.43K shares
148 Burgerizzr 6016
7.41 SAR 462.07K shares
149 JADCO 6090
8.07 SAR 81.20K shares
150 Anaam Holding 4061
11.90 SAR 1.20M shares
151 GACO 6020
12.46 SAR 151.44K shares
152 FIPCO 2180
32.10 SAR 106.22K shares
153 Musharaka REIT 4335
3.98 SAR 59.37K shares
154 SVCP 2360
17.12 SAR 67.00K shares
155 Al Aziziyah REIT 4337
5.12 SAR 39.91K shares
156 Food Development 6013
95.20 SAR 103.41K shares
157 Tabuk Agriculture 6040
6.48 SAR 516.77K shares
158 MEFIC REIT 4346
3.39 SAR 42.07K shares
159 Thimar 4160
35.82 SAR 668.17K shares
160 Aljazira REIT 4331
10.80 SAR 8.76K shares
161 Raydan 6012
14.34 SAR 108.12K 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
26.14 SAR 8.84M shares
2 Al Rajhi Bank 1120
66.35 SAR 4.24M shares
3 Maaden 1211
60.10 SAR 3.32M shares
4 STC 7010
43.88 SAR 1.88M shares
5 SABIC 2010
53.10 SAR 1.93M shares
6 ACWA Power 2082
198.50 SAR 352.54K shares
7 Saudi Electricity 5110
18.10 SAR 1.69M shares
8 Alinma Bank 1150
24.99 SAR 4.02M shares
9 Dr. Sulaiman Al Habib 4013
213.80 SAR 252.30K shares
10 SABIC Agri-Nutrients 2020
126.10 SAR 351.33K shares
11 Elm 7203
692.00 SAR 60.27K shares
12 Mobily 7020
60.70 SAR 709.14K shares
13 Almarai 2280
44.92 SAR 1.07M shares
14 Bank Albilad 1140
24.75 SAR 853.88K shares
15 Bahri 4030
32.92 SAR 1.39M shares
16 Bupa Arabia 8210
180.60 SAR 85.23K shares
17 Petro Rabigh 2380
12.04 SAR 4.05M shares
18 Solutions 7202
208.60 SAR 143.59K shares
19 Tawuniya 8010
152.60 SAR 212.91K shares
20 Jarir 4190
16.79 SAR 4.34M shares
21 Dar Al Arkan 4300
17.54 SAR 1.48M shares
22 Jabal Omar 4250
14.84 SAR 5.16M shares
23 Makkah Construction 4100
86.65 SAR 161.63K shares
24 Yansab 2290
29.56 SAR 1.47M shares
25 EIC 1303
14.76 SAR 2.50M shares
26 Tadawul Group 1111
133.90 SAR 170.22K shares
27 Bank AlJazira 1020
11.93 SAR 1.55M shares
28 Mouwasat 4002
63.00 SAR 337.01K shares
29 Nahdi Medical 4164
94.05 SAR 72.20K shares
30 Aldrees 4200
116.50 SAR 218.19K shares
31 Dallah Healthcare 4004
112.00 SAR 44.12K shares
32 Alrajhi Takaful 8230
54.10 SAR 358.99K shares
33 Sipchem 2310
14.70 SAR 9.03M shares
34 Astra Industrial 1212
132.50 SAR 47.36K shares
35 Taiba 4090
19.53 SAR 156.15K shares
36 Zain KSA 7030
10.60 SAR 4.07M shares
37 SIIG 2250
13.90 SAR 803.91K shares
38 Savola Group 2050
30.00 SAR 336.53K shares
39 Emaar EC 4220
10.05 SAR 541.95K shares
40 Cenomi Centers 4321
17.12 SAR 202.87K shares
41 Saudi Kayan 2350
5.24 SAR 5.09M shares
42 East Pipes 1321
227.00 SAR 137.90K shares
43 SADAFCO 2270
219.00 SAR 12.17K shares
44 Chemical 2230
8.15 SAR 3.53M shares
45 MIS 7200
224.20 SAR 107.11K shares
46 AMAK 1322
71.95 SAR 185.23K shares
47 Advanced 2330
24.91 SAR 634.35K shares
48 Tasnee 2060
9.26 SAR 219.95K shares
49 Catrion 6004
75.10 SAR 88.06K shares
50 Saudi Real Estate 4020
16.04 SAR 502.25K shares
51 SGS 4031
31.34 SAR 242.32K shares
52 SRMG 4210
72.00 SAR 149.84K shares
53 National Education 4291
132.90 SAR 29.36K shares
54 eXtra 4003
73.65 SAR 134.88K shares
55 BinDawood 4161
4.91 SAR 369.33K shares
56 Saudi Gas 2080
72.25 SAR 228.89K shares
57 Seera 1810
21.13 SAR 353.41K shares
58 Abdullah Al Othaim Markets 4001
5.90 SAR 454.00K shares
59 Yamama Cement 3020
25.58 SAR 307.71K shares
60 Alarabia 4071
91.75 SAR 40.59K shares
61 Qassim Cement 3040
45.14 SAR 134.45K shares
62 NADEC 6010
15.98 SAR 1.34M shares
63 Saudi Cement 3030
31.10 SAR 140.69K shares
64 CARE 4005
105.20 SAR 81.14K shares
65 Alhammadi 4007
27.74 SAR 28.32K shares
66 Saudi Re 8200
26.22 SAR 281.01K shares
67 Al Babtain 2320
67.85 SAR 430.30K shares
68 Knowledge Economic City 4310
12.43 SAR 615.27K shares
69 Al Tayyar 4150
17.80 SAR 533.53K shares
70 Leejam Sports 1830
78.50 SAR 69.27K shares
71 Alkhorayef 2081
115.40 SAR 71.22K shares
72 Al Munjim 4162
61.90 SAR 35.70K shares
73 Al Dawaa 4163
43.38 SAR 98.72K shares
74 SPIMACO 2070
28.84 SAR 604.13K shares
75 Budget Saudi 4260
31.36 SAR 388.29K shares
76 SASCO 4050
45.60 SAR 109.90K shares
77 Etihad GO Telecom 7040
92.50 SAR 108.95K shares
78 Saudi German Health 4009
32.22 SAR 842.70K shares
79 Maharah 1831
6.54 SAR 1.20M shares
80 Jahez 6017
13.72 SAR 777.38K shares
81 Riyadh Cement 3092
23.18 SAR 126.84K shares
82 SISCO Holding 2190
33.90 SAR 159.32K shares
83 Southern Cement 3050
19.36 SAR 42.03K shares
84 SSP 1320
52.75 SAR 189.75K shares
85 JAZ 4146
16.60 SAR 265.74K shares
86 Saudi Ceramics 2040
26.18 SAR 186.55K shares
87 Yanbu Cement 3060
15.50 SAR 490.71K shares
88 Bawan 1302
39.64 SAR 425.02K shares
89 Eastern Cement 3080
27.34 SAR 314.30K shares
90 Arabian Cement 3010
23.40 SAR 126.85K shares
91 Al Rajhi REIT 4340
8.22 SAR 44.79K shares
92 MedGulf 8030
16.31 SAR 583.29K shares
93 Ataa 4292
50.20 SAR 32.69K shares
94 Alyamamah Steel 1304
40.88 SAR 238.86K shares
95 Jadwa REIT Saudi 4342
11.08 SAR 175.38K shares
96 Senaat 2240
34.40 SAR 81.69K shares
97 SPM 2300
54.85 SAR 113.78K shares
98 Alujain 2170
27.50 SAR 596.45K shares
99 GIG 8250
32.20 SAR 262.69K shares
100 Bonyan REIT 4347
10.08 SAR 43.24K shares
101 Cenomi Retail 4240
13.86 SAR 1.20M shares
102 City Cement 3003
11.31 SAR 735.58K shares
103 Theeb Rent A Car 4261
23.76 SAR 638.80K shares
104 MEPCO 1202
17.50 SAR 405.02K shares
105 SHL 1183
15.04 SAR 26.75K shares
106 SEDCO Capital REIT 4344
7.99 SAR 96.41K shares
107 Al-Aseel 4012
3.70 SAR 248.29K shares
108 Sumou 4323
28.60 SAR 96.29K shares
109 SAPTCO 4040
11.15 SAR 302.20K shares
110 APC 2200
6.77 SAR 3.48M shares
111 BATEC 4110
2.21 SAR 8.99M shares
112 Al Andalus 4320
14.00 SAR 47.24K shares
113 Walaa 8060
10.24 SAR 252.33K shares
114 Baan 1820
2.10 SAR 4.45M shares
115 Al Jouf 6070
42.76 SAR 80.63K shares
116 Azm 7211
21.50 SAR 113.02K shares
117 MISK 2370
30.56 SAR 193.72K shares
118 Northern Cement 3004
6.76 SAR 81.16K shares
119 Zoujaj 2150
35.88 SAR 56.29K shares
120 Nayifat 4081
9.89 SAR 43.44K shares
121 Halwani Bros 6001
32.10 SAR 206.55K shares
122 Saudi Cable 2110
170.00 SAR 14.72K shares
123 Tanmiah 2281
55.80 SAR 44.88K shares
124 Sinad Holding 4080
8.79 SAR 83.52K shares
125 Ayan 2140
10.82 SAR 171.22K shares
126 Nasij 1213
25.44 SAR 1.08M shares
127 Red Sea International 4230
22.13 SAR 1.08M shares
128 Gulf Training 4290
15.22 SAR 157.31K shares
129 Shams 4170
16.99 SAR 278.23K shares
130 SAIC 2120
16.20 SAR 146.42K shares
131 Arabian Shield 8070
11.97 SAR 38.35K shares
132 Najran Cement 3002
5.78 SAR 277.73K shares
133 Herfy Foods 6002
14.29 SAR 136.78K shares
134 Al-Hassan Shaker 1214
13.63 SAR 502.00K shares
135 Amlak 1182
8.89 SAR 266.35K shares
136 Abu Moati 4191
45.16 SAR 145.32K shares
137 Artex 2340
10.95 SAR 61.79K shares
138 AlAhli REIT 1 4338
6.43 SAR 21.43K shares
139 Riyad REIT 4330
5.03 SAR 108.15K shares
140 Alkhabeer REIT 4348
5.74 SAR 119.13K shares
141 Raoum 4144
62.70 SAR 46.61K shares
142 Umm Al-Qura Cement 3005
13.89 SAR 140.99K shares
143 Jazira Takaful 8012
11.49 SAR 58.70K shares
144 Obeikan Glass 4145
23.65 SAR 79.99K shares
145 Chubb 8240
18.90 SAR 239.80K shares
146 Tabuk Cement 3090
7.82 SAR 135.44K shares
147 SARCO 2030
46.52 SAR 489.64K shares
148 SACO 4008
23.12 SAR 56.19K shares
149 Ftihi Group 4180
2.40 SAR 512.05K shares
150 BCI 1210
23.74 SAR 13.55K shares
151 Lazurde 4011
11.02 SAR 137.91K shares
152 Derayah REIT 4339
5.68 SAR 261.80K shares
153 Gulf Union 8120
13.28 SAR 169.49K shares
154 Banan 4324
3.03 SAR 112.08K shares
155 Chemanol 2001
8.87 SAR 0 shares
156 Amiantit 2160
13.30 SAR 190.65K shares
157 Oasis 3007
2.63 SAR 500.12K shares
158 Farm Superstores 4006
12.84 SAR 34.57K shares
159 Alinma Retail REIT 4345
4.88 SAR 93.34K shares
160 Al Maather REIT 4334
9.04 SAR 25.84K shares
161 Taleem REIT 4333
10.87 SAR 6.67K shares
162 Baazeem 4051
5.47 SAR 493.19K shares
163 Jouf Cement 3091
4.99 SAR 211.89K shares
164 Mutakamela 8040
9.05 SAR 213.89K shares
165 Wataniya 8300
12.90 SAR 196.21K shares
166 Wafrah 2100
21.16 SAR 1.58M shares
167 Mulkia REIT 4336
4.63 SAR 42.04K shares
168 LIVA 8280
11.90 SAR 281.00K shares
169 SIDQ 2130
15.68 SAR 296.30K shares
170 Malath Insurance 8020
9.36 SAR 679.45K shares
171 SADR 1832
2.65 SAR 946.98K shares
172 Saudi DARB 4130
2.11 SAR 8.48M shares
173 Sadarat 4140
2.35 SAR 3.45M shares
174 Printing & Packaging 4270
7.00 SAR 219.53K shares
175 Aslak 1301
16.24 SAR 45.92K shares
176 NGC 2090
14.00 SAR 97.81K shares
177 Nama Chemicals 2210
18.74 SAR 0 shares
178 AICC 8160
8.20 SAR 18.98K shares
179 CMCER 4021
5.57 SAR 159.27K shares
180 Maadaniyah 2220
12.04 SAR 140.43K shares
181 Burgerizzr 6016
7.41 SAR 462.07K shares
182 JADCO 6090
8.07 SAR 81.20K shares
183 SADECO 6060
13.38 SAR 865.74K shares
184 National Fisheries 6050
59.45 SAR 1.16M shares
185 Tihama 4070
16.77 SAR 119.04K shares
186 Takween 1201
4.97 SAR 461.64K shares
187 Anaam Holding 4061
11.90 SAR 1.20M shares
188 GACO 6020
12.46 SAR 151.44K shares
189 FIPCO 2180
32.10 SAR 106.22K shares
190 Alkathiri 3008
1.61 SAR 1.46M shares
191 Musharaka REIT 4335
3.98 SAR 59.37K shares
192 Alsagr Insurance 8180
11.52 SAR 199.16K shares
193 Arabian Sea 7201
3.40 SAR 4.98M shares
194 Jadwa REIT Alharamain 4332
4.98 SAR 37.66K shares
195 Aletihad 8170
6.33 SAR 104.39K shares
196 SAICO 8100
10.01 SAR 71.68K shares
197 SVCP 2360
17.12 SAR 67.00K shares
198 Al Aziziyah REIT 4337
5.12 SAR 39.91K shares
199 Amana Insurance 8310
6.80 SAR 415.64K shares
200 Food Development 6013
95.20 SAR 103.41K shares
201 Al-Omran 4141
21.45 SAR 194.25K shares
202 Tabuk Agriculture 6040
6.48 SAR 516.77K shares
203 Enaya 8311
10.85 SAR 165.16K shares
204 MEFIC REIT 4346
3.39 SAR 42.07K shares
205 Salama 8050
8.18 SAR 469.60K shares
206 ACIG 8150
6.32 SAR 142.48K shares
207 UCA 8190
3.20 SAR 306.58K shares
208 Aljazira REIT 4331
10.80 SAR 8.76K shares
209 Gulf General 8260
3.82 SAR 163.33K shares
210 Raydan 6012
14.34 SAR 108.12K 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.