Total Compliant Stocks
Compliance Rate
Certifying Bodies
Approved by All Three
Shariah Compliance Matrix
The chart below shows the level of agreement among the three Shariah certifying bodies on Saudi-listed stocks:
133
102
22
133 All Three
102 Two Certifiers
22 One Certifier
R
254 Al Rajhi Capital
O
161 Dr. Muhammad Al-Osaimi
B
210 Al Bilad Capital
Source: Argaam — Last updated: March 19, 2026
R
Al Rajhi Capital Stocks
254 stocks
Issues the "pure stocks" list quarterly — one of the most widely followed and trusted Shariah lists in Saudi Arabia.
Stocks Approved by Al Rajhi Capital (Top 20 by Market Cap)
254 shares
1 Saudi Aramco 2222
27.64 SAR 19.83M shares
2 Al Rajhi Bank 1120
67.05 SAR 7.07M shares
3 Maaden 1211
65.95 SAR 2.54M shares
4 STC 7010
43.32 SAR 3.92M shares
5 SABIC 2010
60.20 SAR 3.15M shares
6 ACWA Power 2082
199.90 SAR 3.38M shares
7 Dr. Sulaiman Al Habib 4013
224.60 SAR 273.76K shares
8 Saudi Electricity 5110
17.30 SAR 3.30M shares
9 Alinma Bank 1150
23.75 SAR 4.27M shares
10 SABIC Agri-Nutrients 2020
148.40 SAR 773.72K shares
11 Elm 7203
698.50 SAR 509.48K shares
12 Mobily 7020
64.25 SAR 1.08M shares
13 Almarai 2280
45.22 SAR 7.11M shares
14 Bank Albilad 1140
24.54 SAR 2.57M shares
15 Petro Rabigh 2380
14.76 SAR 10.16M shares
16 Bahri 4030
34.30 SAR 1.50M shares
17 Solutions 7202
226.50 SAR 194.30K shares
18 Bupa Arabia 8210
179.20 SAR 165.58K shares
19 Massar 4325
15.81 SAR 1.02M shares
20 ADES Holding 2382
19.43 SAR 2.60M shares
21 Tawuniya 8010
140.00 SAR 301.95K shares
22 Luberef 2223
118.70 SAR 232.51K shares
23 Yansab 2290
34.42 SAR 1.15M shares
24 Dar Al Arkan 4300
17.70 SAR 806.61K shares
25 EIC 1303
16.83 SAR 2.77M shares
26 Jarir 4190
15.08 SAR 1.62M shares
27 Riyadh Cables 4142
117.20 SAR 192.21K shares
28 Jabal Omar 4250
14.80 SAR 3.60M shares
29 Tadawul Group 1111
139.00 SAR 374.29K shares
30 Makkah Construction 4100
78.55 SAR 167.08K shares
31 Americana 6015
1.87 SAR 33.71M shares
32 Bank AlJazira 1020
11.59 SAR 2.35M shares
33 SAL 4263
168.00 SAR 235.85K shares
34 Mouwasat 4002
66.50 SAR 714.25K shares
35 Nahdi Medical 4164
99.80 SAR 320.30K shares
36 Aldrees 4200
117.10 SAR 301.10K shares
37 Sipchem 2310
15.90 SAR 1.50M shares
38 Rasan 8313
149.80 SAR 506.64K shares
39 Dallah Healthcare 4004
112.00 SAR 222.27K shares
40 Astra Industrial 1212
135.80 SAR 80.15K shares
41 Jamjoom Pharma 4015
155.00 SAR 72.37K shares
42 Alrajhi Takaful 8230
106.70 SAR 247.56K shares
43 Emaar EC 4220
11.40 SAR 461.94K shares
44 Zain KSA 7030
11.17 SAR 2.87M shares
45 SIIG 2250
14.50 SAR 903.98K shares
46 Marafiq 2083
39.12 SAR 910.42K shares
47 Flynas 4264
52.20 SAR 756.25K shares
48 Saudi Kayan 2350
5.94 SAR 13.11M shares
49 Fakeeh Care 4017
36.00 SAR 81.02K shares
50 Cenomi Centers 4321
17.14 SAR 795.98K shares
51 Arabian Drilling 2381
88.15 SAR 142.45K shares
52 Savola Group 2050
25.96 SAR 4.69M shares
53 SADAFCO 2270
230.50 SAR 288.69K shares
54 AMAK 1322
80.25 SAR 340.95K shares
55 Chemical 2230
8.54 SAR 11.32M shares
56 Advanced 2330
27.58 SAR 618.66K shares
57 Tasnee 2060
10.10 SAR 1.18M shares
58 Retal 4322
13.44 SAR 1.43M shares
59 eXtra 4003
80.60 SAR 123.81K shares
60 SRMG 4210
77.75 SAR 172.40K shares
61 Catrion 6004
74.40 SAR 583.91K shares
62 Seera 1810
21.75 SAR 1.92M shares
63 Saudi Gas 2080
79.45 SAR 221.19K shares
64 SGS 4031
31.62 SAR 1.88M shares
65 East Pipes 1321
187.70 SAR 310.66K shares
66 Alarabia 4071
104.70 SAR 136.49K shares
67 BinDawood 4161
5.03 SAR 991.52K shares
68 Almoosa 4018
129.50 SAR 27.20K shares
69 MIS 7200
188.00 SAR 67.38K shares
70 Derayah 4084
22.60 SAR 360.59K shares
71 Saudi Real Estate 4020
14.51 SAR 544.17K shares
72 Abdullah Al Othaim Markets 4001
5.98 SAR 4.56M shares
73 NADEC 6010
17.44 SAR 8.35M shares
74 Yamama Cement 3020
25.90 SAR 456.84K shares
75 Taiba 4090
19.96 SAR 230.03K shares
76 National Education 4291
119.40 SAR 17.01K shares
77 Saudi Cement 3030
33.32 SAR 130.21K shares
78 Qassim Cement 3040
44.88 SAR 229.64K shares
79 CARE 4005
103.30 SAR 324.08K shares
80 Saudi Re 8200
27.38 SAR 320.68K shares
81 Al Babtain 2320
69.00 SAR 477.56K shares
82 SMC Healthcare 4019
17.60 SAR 756.11K shares
83 Al Tayyar 4150
18.73 SAR 395.25K shares
84 Alkhorayef 2081
123.60 SAR 157.70K shares
85 Leejam Sports 1830
80.85 SAR 118.22K shares
86 Al Dawaa 4163
49.04 SAR 140.09K shares
87 Alhammadi 4007
25.32 SAR 697.96K shares
88 Knowledge Economic City 4310
11.66 SAR 117.86K shares
89 Budget Saudi 4260
35.70 SAR 799.39K shares
90 Al Munjim 4162
60.90 SAR 559.86K shares
91 SPIMACO 2070
29.94 SAR 302.75K shares
92 SASCO 4050
49.92 SAR 334.08K shares
93 Al Majed Oud 4165
137.60 SAR 200.11K shares
94 Etihad GO Telecom 7040
100.10 SAR 740.65K shares
95 Saudi German Health 4009
34.42 SAR 445.90K shares
96 Saudi Ceramics 2040
30.52 SAR 382.85K shares
97 First Mills 2283
53.70 SAR 77.24K shares
98 Southern Cement 3050
21.02 SAR 288.66K shares
99 SSP 1320
55.55 SAR 228.15K shares
100 Riyadh Cement 3092
23.38 SAR 175.72K shares
101 Maharah 1831
6.23 SAR 13.67M shares
102 SISCO Holding 2190
33.08 SAR 622.41K shares
103 Jahez 6017
13.01 SAR 5.38M shares
104 Bawan 1302
43.40 SAR 606.94K shares
105 Miyahuna 2084
15.88 SAR 1.01M shares
106 Yanbu Cement 3060
15.99 SAR 1.78M shares
107 JAZ 4146
15.65 SAR 312.46K shares
108 Alsaif Gallery 4192
6.94 SAR 239.79K shares
109 Modern Mills 2284
29.10 SAR 239.36K shares
110 SMASCO 1834
5.88 SAR 2.44M shares
111 Arabian Cement 3010
23.42 SAR 101.87K shares
112 Al Ramz 4327
54.55 SAR 21.86K shares
113 Almajediah 4326
7.68 SAR 971.81K shares
114 Arabian Mills 2285
44.58 SAR 225.42K shares
115 Al Rajhi REIT 4340
8.21 SAR 124.00K shares
116 Ataa 4292
53.00 SAR 52.91K shares
117 SPM 2300
59.40 SAR 150.59K shares
118 Eastern Cement 3080
25.52 SAR 200.03K shares
119 Fourth Mills 2286
4.02 SAR 2.00M shares
120 Tubi 7204
7.22 SAR 1.30M shares
121 Almasar Alshamil 6019
20.49 SAR 271.26K shares
122 Senaat 2240
34.76 SAR 2.02M shares
123 Jadwa REIT Saudi 4342
11.18 SAR 88.64K shares
124 Alyamamah Steel 1304
40.82 SAR 356.43K shares
125 Avalon Pharma 4016
103.00 SAR 107.68K shares
126 Lumi 4262
37.14 SAR 202.60K shares
127 MedGulf 8030
14.68 SAR 1.18M shares
128 Alujain 2170
28.84 SAR 754.56K shares
129 Al Mawarid 1833
92.85 SAR 1.09M shares
130 Theeb Rent A Car 4261
27.02 SAR 979.92K shares
131 Cenomi Retail 4240
14.90 SAR 654.07K shares
132 City Cement 3003
12.17 SAR 727.10K shares
133 MEPCO 1202
18.96 SAR 1.89M shares
134 Nice One 4193
14.02 SAR 937.58K shares
135 SHL 1183
15.94 SAR 52.45K shares
136 Bonyan REIT 4347
9.67 SAR 77.20K shares
137 Sumou 4323
30.12 SAR 259.51K shares
138 GIG 8250
28.36 SAR 169.02K shares
139 Al-Aseel 4012
3.70 SAR 494.39K shares
140 Talco 4143
35.86 SAR 67.94K shares
141 SEDCO Capital REIT 4344
7.52 SAR 238.76K shares
142 APC 2200
6.99 SAR 5.82M shares
143 Azm 7211
23.70 SAR 59.00K shares
144 Al Andalus 4320
14.79 SAR 40.19K shares
145 SAPTCO 4040
10.84 SAR 1.58M shares
146 Al Jouf 6070
44.92 SAR 205.37K shares
147 BATEC 4110
2.20 SAR 4.26M shares
148 MISK 2370
32.50 SAR 1.49M shares
149 Walaa 8060
10.02 SAR 256.55K shares
150 Northern Cement 3004
7.05 SAR 181.08K shares
151 Tanmiah 2281
62.90 SAR 111.69K shares
152 Zoujaj 2150
37.50 SAR 145.80K shares
153 Red Sea International 4230
25.30 SAR 497.31K shares
154 Tamkeen 1835
45.50 SAR 493.49K shares
155 Sinad Holding 4080
9.34 SAR 781.79K shares
156 Nayifat 4081
9.98 SAR 140.07K shares
157 Ayan 2140
11.20 SAR 741.92K shares
158 Halwani Bros 6001
31.84 SAR 411.58K shares
159 Tasheel 4083
44.34 SAR 484.92K shares
160 Naqi 2282
55.10 SAR 60.22K shares
161 Al Amar 6014
43.36 SAR 241.34K shares
162 Amlak 1182
10.40 SAR 688.66K shares
163 Saudi Cable 2110
157.30 SAR 27.25K shares
164 Al-Hassan Shaker 1214
15.14 SAR 562.56K shares
165 Nasij 1213
23.95 SAR 78.41K shares
166 UCIC 1323
25.42 SAR 168.60K shares
167 Herfy Foods 6002
15.70 SAR 149.43K shares
168 Gulf Training 4290
15.53 SAR 524.29K shares
169 Najran Cement 3002
5.97 SAR 791.88K shares
170 SAIC 2120
16.63 SAR 379.11K shares
171 Equipment House 4014
31.18 SAR 50.34K shares
172 Shams 4170
15.45 SAR 189.70K shares
173 Arabian Shield 8070
11.13 SAR 92.77K shares
174 Raoum 4144
70.45 SAR 25.04K shares
175 AlAhli REIT 1 4338
6.40 SAR 75.56K shares
176 Abu Moati 4191
43.26 SAR 120.82K shares
177 Riyad REIT 4330
5.01 SAR 83.27K shares
178 Obeikan Glass 4145
26.32 SAR 277.81K shares
179 Artex 2340
10.36 SAR 426.45K shares
180 Alinma Hospitality REIT 4349
8.16 SAR 139.76K shares
181 CGS 4147
8.17 SAR 1.39M shares
182 Alkhabeer REIT 4348
5.79 SAR 158.06K shares
183 Al Andiya 6018
7.05 SAR 3.92M shares
184 Intaj 2287
25.96 SAR 208.21K shares
185 SACO 4008
24.36 SAR 121.78K shares
186 Shari 4265
25.44 SAR 423.60K shares
187 Umm Al-Qura Cement 3005
13.72 SAR 65.68K shares
188 Jazira Takaful 8012
11.25 SAR 51.31K shares
189 Chubb 8240
18.50 SAR 137.99K shares
190 Tabuk Cement 3090
7.98 SAR 299.86K shares
191 BCI 1210
25.44 SAR 31.32K shares
192 Ftihi Group 4180
2.49 SAR 2.36M shares
193 Banan 4324
3.40 SAR 208.40K shares
194 Build Station 4194
42.32 SAR 65.10K shares
195 SARCO 2030
45.10 SAR 127.25K shares
196 Amiantit 2160
14.06 SAR 806.57K shares
197 Baan 1820
1.93 SAR 3.97M shares
198 Chemanol 2001
8.87 SAR 0 shares
199 Farm Superstores 4006
13.10 SAR 25.79K shares
200 Baazeem 4051
5.80 SAR 659.96K shares
201 Oasis 3007
2.60 SAR 688.52K shares
202 Derayah REIT 4339
5.43 SAR 78.41K shares
203 MRNA 4082
8.17 SAR 140.29K shares
204 Jouf Cement 3091
5.27 SAR 392.04K shares
205 Al Maather REIT 4334
8.94 SAR 13.62K shares
206 Alinma Retail REIT 4345
4.53 SAR 135.75K shares
207 Taleem REIT 4333
10.42 SAR 9.93K shares
208 Mutakamela 8040
8.91 SAR 43.46K shares
209 Wataniya 8300
13.15 SAR 178.37K shares
210 Wafrah 2100
22.38 SAR 551.37K shares
211 Gulf Union 8120
11.17 SAR 527.58K shares
212 Printing & Packaging 4270
7.66 SAR 128.88K shares
213 SADR 1832
2.75 SAR 1.43M shares
214 Aslak 1301
17.09 SAR 62.12K shares
215 Mulkia REIT 4336
4.56 SAR 50.26K shares
216 NGC 2090
14.91 SAR 150.27K shares
217 Saudi DARB 4130
2.13 SAR 2.22M shares
218 Sadarat 4140
2.35 SAR 1.64M shares
219 AICC 8160
8.40 SAR 28.59K shares
220 Malath Insurance 8020
8.90 SAR 215.45K shares
221 Burgerizzr 6016
7.89 SAR 347.77K shares
222 Nama Chemicals 2210
18.74 SAR 0 shares
223 JADCO 6090
8.75 SAR 216.52K shares
224 Maadaniyah 2220
12.12 SAR 49.30K shares
225 LIVA 8280
10.60 SAR 88.31K shares
226 Alkathiri 3008
1.86 SAR 2.05M shares
227 CMCER 4021
5.40 SAR 626.98K shares
228 Takween 1201
5.32 SAR 333.92K shares
229 SIDQ 2130
12.72 SAR 1.62M shares
230 GACO 6020
12.60 SAR 171.20K shares
231 SADECO 6060
12.40 SAR 294.94K shares
232 Musharaka REIT 4335
4.10 SAR 41.80K shares
233 Arabian Sea 7201
3.58 SAR 462.59K shares
234 Anaam Holding 4061
10.72 SAR 147.91K shares
235 Alsagr Insurance 8180
11.01 SAR 151.05K shares
236 FIPCO 2180
28.50 SAR 84.37K shares
237 Tihama 4070
14.24 SAR 85.08K shares
238 Jadwa REIT Alharamain 4332
4.86 SAR 24.04K shares
239 Al Aziziyah REIT 4337
5.33 SAR 839.37K shares
240 Aletihad 8170
6.05 SAR 185.63K shares
241 National Fisheries 6050
42.18 SAR 98.68K shares
242 Food Development 6013
92.00 SAR 43.17K shares
243 SVCP 2360
17.75 SAR 29.38K shares
244 Enaya 8311
11.25 SAR 449.29K shares
245 Al-Omran 4141
21.44 SAR 26.21K shares
246 MEFIC REIT 4346
3.51 SAR 39.20K shares
247 Tabuk Agriculture 6040
6.46 SAR 397.31K shares
248 Salama 8050
7.94 SAR 142.01K shares
249 Thimar 4160
34.00 SAR 140.93K shares
250 ACIG 8150
6.00 SAR 159.04K shares
251 Aljazira REIT 4331
11.33 SAR 28.61K shares
252 UCA 8190
3.07 SAR 995.59K shares
253 Raydan 6012
16.10 SAR 48.26K shares
254 Gulf General 8260
3.79 SAR 330.51K 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
43.32 SAR 3.92M shares
2 Dr. Sulaiman Al Habib 4013
224.60 SAR 273.76K shares
3 SABIC Agri-Nutrients 2020
148.40 SAR 773.72K shares
4 Elm 7203
698.50 SAR 509.48K shares
5 Mobily 7020
64.25 SAR 1.08M shares
6 Almarai 2280
45.22 SAR 7.11M shares
7 Bahri 4030
34.30 SAR 1.50M shares
8 Solutions 7202
226.50 SAR 194.30K shares
9 Massar 4325
15.81 SAR 1.02M shares
10 Luberef 2223
118.70 SAR 232.51K shares
11 Yansab 2290
34.42 SAR 1.15M shares
12 Dar Al Arkan 4300
17.70 SAR 806.61K shares
13 EIC 1303
16.83 SAR 2.77M shares
14 Jarir 4190
15.08 SAR 1.62M shares
15 Riyadh Cables 4142
117.20 SAR 192.21K shares
16 Jabal Omar 4250
14.80 SAR 3.60M shares
17 Makkah Construction 4100
78.55 SAR 167.08K shares
18 Nahdi Medical 4164
99.80 SAR 320.30K shares
19 Aldrees 4200
117.10 SAR 301.10K shares
20 Sipchem 2310
15.90 SAR 1.50M shares
21 Dallah Healthcare 4004
112.00 SAR 222.27K shares
22 Astra Industrial 1212
135.80 SAR 80.15K shares
23 SIIG 2250
14.50 SAR 903.98K shares
24 Marafiq 2083
39.12 SAR 910.42K shares
25 Flynas 4264
52.20 SAR 756.25K shares
26 Saudi Kayan 2350
5.94 SAR 13.11M shares
27 Cenomi Centers 4321
17.14 SAR 795.98K shares
28 Arabian Drilling 2381
88.15 SAR 142.45K shares
29 SADAFCO 2270
230.50 SAR 288.69K shares
30 AMAK 1322
80.25 SAR 340.95K shares
31 Chemical 2230
8.54 SAR 11.32M shares
32 Advanced 2330
27.58 SAR 618.66K shares
33 Retal 4322
13.44 SAR 1.43M shares
34 Seera 1810
21.75 SAR 1.92M shares
35 Saudi Gas 2080
79.45 SAR 221.19K shares
36 SGS 4031
31.62 SAR 1.88M shares
37 East Pipes 1321
187.70 SAR 310.66K shares
38 Alarabia 4071
104.70 SAR 136.49K shares
39 BinDawood 4161
5.03 SAR 991.52K shares
40 Abdullah Al Othaim Markets 4001
5.98 SAR 4.56M shares
41 NADEC 6010
17.44 SAR 8.35M shares
42 Yamama Cement 3020
25.90 SAR 456.84K shares
43 Taiba 4090
19.96 SAR 230.03K shares
44 National Education 4291
119.40 SAR 17.01K shares
45 Saudi Cement 3030
33.32 SAR 130.21K shares
46 Qassim Cement 3040
44.88 SAR 229.64K shares
47 Al Babtain 2320
69.00 SAR 477.56K shares
48 Al Tayyar 4150
18.73 SAR 395.25K shares
49 Alkhorayef 2081
123.60 SAR 157.70K shares
50 Leejam Sports 1830
80.85 SAR 118.22K shares
51 Al Dawaa 4163
49.04 SAR 140.09K shares
52 Knowledge Economic City 4310
11.66 SAR 117.86K shares
53 Budget Saudi 4260
35.70 SAR 799.39K shares
54 Al Munjim 4162
60.90 SAR 559.86K shares
55 SASCO 4050
49.92 SAR 334.08K shares
56 Al Majed Oud 4165
137.60 SAR 200.11K shares
57 Etihad GO Telecom 7040
100.10 SAR 740.65K shares
58 Saudi Ceramics 2040
30.52 SAR 382.85K shares
59 Maharah 1831
6.23 SAR 13.67M shares
60 Bawan 1302
43.40 SAR 606.94K shares
61 Alsaif Gallery 4192
6.94 SAR 239.79K shares
62 SMASCO 1834
5.88 SAR 2.44M shares
63 Arabian Cement 3010
23.42 SAR 101.87K shares
64 Arabian Mills 2285
44.58 SAR 225.42K shares
65 Al Rajhi REIT 4340
8.21 SAR 124.00K shares
66 Ataa 4292
53.00 SAR 52.91K shares
67 Eastern Cement 3080
25.52 SAR 200.03K shares
68 Fourth Mills 2286
4.02 SAR 2.00M shares
69 Tubi 7204
7.22 SAR 1.30M shares
70 Senaat 2240
34.76 SAR 2.02M shares
71 Jadwa REIT Saudi 4342
11.18 SAR 88.64K shares
72 Avalon Pharma 4016
103.00 SAR 107.68K shares
73 Lumi 4262
37.14 SAR 202.60K shares
74 Alujain 2170
28.84 SAR 754.56K shares
75 Al Mawarid 1833
92.85 SAR 1.09M shares
76 Theeb Rent A Car 4261
27.02 SAR 979.92K shares
77 City Cement 3003
12.17 SAR 727.10K shares
78 Nice One 4193
14.02 SAR 937.58K shares
79 SHL 1183
15.94 SAR 52.45K shares
80 Bonyan REIT 4347
9.67 SAR 77.20K shares
81 Sumou 4323
30.12 SAR 259.51K shares
82 Al-Aseel 4012
3.70 SAR 494.39K shares
83 Talco 4143
35.86 SAR 67.94K shares
84 SEDCO Capital REIT 4344
7.52 SAR 238.76K shares
85 APC 2200
6.99 SAR 5.82M shares
86 Azm 7211
23.70 SAR 59.00K shares
87 Al Andalus 4320
14.79 SAR 40.19K shares
88 SAPTCO 4040
10.84 SAR 1.58M shares
89 Al Jouf 6070
44.92 SAR 205.37K shares
90 BATEC 4110
2.20 SAR 4.26M shares
91 MISK 2370
32.50 SAR 1.49M shares
92 Northern Cement 3004
7.05 SAR 181.08K shares
93 Tanmiah 2281
62.90 SAR 111.69K shares
94 Zoujaj 2150
37.50 SAR 145.80K shares
95 Red Sea International 4230
25.30 SAR 497.31K shares
96 Tamkeen 1835
45.50 SAR 493.49K shares
97 Sinad Holding 4080
9.34 SAR 781.79K shares
98 Nayifat 4081
9.98 SAR 140.07K shares
99 Halwani Bros 6001
31.84 SAR 411.58K shares
100 Tasheel 4083
44.34 SAR 484.92K shares
101 Naqi 2282
55.10 SAR 60.22K shares
102 Al Amar 6014
43.36 SAR 241.34K shares
103 Amlak 1182
10.40 SAR 688.66K shares
104 Saudi Cable 2110
157.30 SAR 27.25K shares
105 Al-Hassan Shaker 1214
15.14 SAR 562.56K shares
106 Herfy Foods 6002
15.70 SAR 149.43K shares
107 Gulf Training 4290
15.53 SAR 524.29K shares
108 Najran Cement 3002
5.97 SAR 791.88K shares
109 SAIC 2120
16.63 SAR 379.11K shares
110 Equipment House 4014
31.18 SAR 50.34K shares
111 Shams 4170
15.45 SAR 189.70K shares
112 Raoum 4144
70.45 SAR 25.04K shares
113 Abu Moati 4191
43.26 SAR 120.82K shares
114 Riyad REIT 4330
5.01 SAR 83.27K shares
115 Obeikan Glass 4145
26.32 SAR 277.81K shares
116 Artex 2340
10.36 SAR 426.45K shares
117 Alinma Hospitality REIT 4349
8.16 SAR 139.76K shares
118 Alkhabeer REIT 4348
5.79 SAR 158.06K shares
119 Intaj 2287
25.96 SAR 208.21K shares
120 SACO 4008
24.36 SAR 121.78K shares
121 Umm Al-Qura Cement 3005
13.72 SAR 65.68K shares
122 Tabuk Cement 3090
7.98 SAR 299.86K shares
123 BCI 1210
25.44 SAR 31.32K shares
124 Ftihi Group 4180
2.49 SAR 2.36M shares
125 Banan 4324
3.40 SAR 208.40K shares
126 SARCO 2030
45.10 SAR 127.25K shares
127 Lazurde 4011
11.49 SAR 280.02K shares
128 Amiantit 2160
14.06 SAR 806.57K shares
129 Baan 1820
1.93 SAR 3.97M shares
130 Chemanol 2001
8.87 SAR 0 shares
131 Baazeem 4051
5.80 SAR 659.96K shares
132 Oasis 3007
2.60 SAR 688.52K shares
133 Derayah REIT 4339
5.43 SAR 78.41K shares
134 MRNA 4082
8.17 SAR 140.29K shares
135 Alinma Retail REIT 4345
4.53 SAR 135.75K shares
136 Taleem REIT 4333
10.42 SAR 9.93K shares
137 Wafrah 2100
22.38 SAR 551.37K shares
138 SADR 1832
2.75 SAR 1.43M shares
139 Aslak 1301
17.09 SAR 62.12K shares
140 Mulkia REIT 4336
4.56 SAR 50.26K shares
141 NGC 2090
14.91 SAR 150.27K shares
142 Saudi DARB 4130
2.13 SAR 2.22M shares
143 Sadarat 4140
2.35 SAR 1.64M shares
144 Burgerizzr 6016
7.89 SAR 347.77K shares
145 Nama Chemicals 2210
18.74 SAR 0 shares
146 JADCO 6090
8.75 SAR 216.52K shares
147 Maadaniyah 2220
12.12 SAR 49.30K shares
148 CMCER 4021
5.40 SAR 626.98K shares
149 SIDQ 2130
12.72 SAR 1.62M shares
150 GACO 6020
12.60 SAR 171.20K shares
151 Musharaka REIT 4335
4.10 SAR 41.80K shares
152 Anaam Holding 4061
10.72 SAR 147.91K shares
153 FIPCO 2180
28.50 SAR 84.37K shares
154 Al Aziziyah REIT 4337
5.33 SAR 839.37K shares
155 Food Development 6013
92.00 SAR 43.17K shares
156 SVCP 2360
17.75 SAR 29.38K shares
157 MEFIC REIT 4346
3.51 SAR 39.20K shares
158 Tabuk Agriculture 6040
6.46 SAR 397.31K shares
159 Thimar 4160
34.00 SAR 140.93K shares
160 Aljazira REIT 4331
11.33 SAR 28.61K shares
161 Raydan 6012
16.10 SAR 48.26K shares
B
Al Bilad Capital Stocks
210 stocks
Issues an independent compliant stocks list according to its Shariah board, authorized by Bank Albilad.
Stocks Approved by Al Bilad Capital (Top 20 by Market Cap)
210 shares
1 Saudi Aramco 2222
27.64 SAR 19.83M shares
2 Al Rajhi Bank 1120
67.05 SAR 7.07M shares
3 Maaden 1211
65.95 SAR 2.54M shares
4 STC 7010
43.32 SAR 3.92M shares
5 SABIC 2010
60.20 SAR 3.15M shares
6 ACWA Power 2082
199.90 SAR 3.38M shares
7 Dr. Sulaiman Al Habib 4013
224.60 SAR 273.76K shares
8 Saudi Electricity 5110
17.30 SAR 3.30M shares
9 Alinma Bank 1150
23.75 SAR 4.27M shares
10 SABIC Agri-Nutrients 2020
148.40 SAR 773.72K shares
11 Elm 7203
698.50 SAR 509.48K shares
12 Mobily 7020
64.25 SAR 1.08M shares
13 Almarai 2280
45.22 SAR 7.11M shares
14 Bank Albilad 1140
24.54 SAR 2.57M shares
15 Petro Rabigh 2380
14.76 SAR 10.16M shares
16 Bahri 4030
34.30 SAR 1.50M shares
17 Solutions 7202
226.50 SAR 194.30K shares
18 Bupa Arabia 8210
179.20 SAR 165.58K shares
19 Tawuniya 8010
140.00 SAR 301.95K shares
20 Yansab 2290
34.42 SAR 1.15M shares
21 Dar Al Arkan 4300
17.70 SAR 806.61K shares
22 EIC 1303
16.83 SAR 2.77M shares
23 Jarir 4190
15.08 SAR 1.62M shares
24 Jabal Omar 4250
14.80 SAR 3.60M shares
25 Tadawul Group 1111
139.00 SAR 374.29K shares
26 Makkah Construction 4100
78.55 SAR 167.08K shares
27 Bank AlJazira 1020
11.59 SAR 2.35M shares
28 Mouwasat 4002
66.50 SAR 714.25K shares
29 Nahdi Medical 4164
99.80 SAR 320.30K shares
30 Aldrees 4200
117.10 SAR 301.10K shares
31 Sipchem 2310
15.90 SAR 1.50M shares
32 Dallah Healthcare 4004
112.00 SAR 222.27K shares
33 Astra Industrial 1212
135.80 SAR 80.15K shares
34 Alrajhi Takaful 8230
106.70 SAR 247.56K shares
35 Emaar EC 4220
11.40 SAR 461.94K shares
36 Zain KSA 7030
11.17 SAR 2.87M shares
37 SIIG 2250
14.50 SAR 903.98K shares
38 Saudi Kayan 2350
5.94 SAR 13.11M shares
39 Cenomi Centers 4321
17.14 SAR 795.98K shares
40 Savola Group 2050
25.96 SAR 4.69M shares
41 SADAFCO 2270
230.50 SAR 288.69K shares
42 AMAK 1322
80.25 SAR 340.95K shares
43 Chemical 2230
8.54 SAR 11.32M shares
44 Advanced 2330
27.58 SAR 618.66K shares
45 Tasnee 2060
10.10 SAR 1.18M shares
46 eXtra 4003
80.60 SAR 123.81K shares
47 SRMG 4210
77.75 SAR 172.40K shares
48 Catrion 6004
74.40 SAR 583.91K shares
49 Seera 1810
21.75 SAR 1.92M shares
50 Saudi Gas 2080
79.45 SAR 221.19K shares
51 SGS 4031
31.62 SAR 1.88M shares
52 East Pipes 1321
187.70 SAR 310.66K shares
53 Alarabia 4071
104.70 SAR 136.49K shares
54 BinDawood 4161
5.03 SAR 991.52K shares
55 MIS 7200
188.00 SAR 67.38K shares
56 Saudi Real Estate 4020
14.51 SAR 544.17K shares
57 Abdullah Al Othaim Markets 4001
5.98 SAR 4.56M shares
58 NADEC 6010
17.44 SAR 8.35M shares
59 Yamama Cement 3020
25.90 SAR 456.84K shares
60 Taiba 4090
19.96 SAR 230.03K shares
61 National Education 4291
119.40 SAR 17.01K shares
62 Saudi Cement 3030
33.32 SAR 130.21K shares
63 Qassim Cement 3040
44.88 SAR 229.64K shares
64 CARE 4005
103.30 SAR 324.08K shares
65 Saudi Re 8200
27.38 SAR 320.68K shares
66 Al Babtain 2320
69.00 SAR 477.56K shares
67 Al Tayyar 4150
18.73 SAR 395.25K shares
68 Alkhorayef 2081
123.60 SAR 157.70K shares
69 Leejam Sports 1830
80.85 SAR 118.22K shares
70 Al Dawaa 4163
49.04 SAR 140.09K shares
71 Alhammadi 4007
25.32 SAR 697.96K shares
72 Knowledge Economic City 4310
11.66 SAR 117.86K shares
73 Budget Saudi 4260
35.70 SAR 799.39K shares
74 Al Munjim 4162
60.90 SAR 559.86K shares
75 SPIMACO 2070
29.94 SAR 302.75K shares
76 SASCO 4050
49.92 SAR 334.08K shares
77 Etihad GO Telecom 7040
100.10 SAR 740.65K shares
78 Saudi German Health 4009
34.42 SAR 445.90K shares
79 Saudi Ceramics 2040
30.52 SAR 382.85K shares
80 Southern Cement 3050
21.02 SAR 288.66K shares
81 SSP 1320
55.55 SAR 228.15K shares
82 Riyadh Cement 3092
23.38 SAR 175.72K shares
83 Maharah 1831
6.23 SAR 13.67M shares
84 SISCO Holding 2190
33.08 SAR 622.41K shares
85 Jahez 6017
13.01 SAR 5.38M shares
86 Bawan 1302
43.40 SAR 606.94K shares
87 Yanbu Cement 3060
15.99 SAR 1.78M shares
88 JAZ 4146
15.65 SAR 312.46K shares
89 Arabian Cement 3010
23.42 SAR 101.87K shares
90 Al Rajhi REIT 4340
8.21 SAR 124.00K shares
91 Ataa 4292
53.00 SAR 52.91K shares
92 SPM 2300
59.40 SAR 150.59K shares
93 Eastern Cement 3080
25.52 SAR 200.03K shares
94 Senaat 2240
34.76 SAR 2.02M shares
95 Jadwa REIT Saudi 4342
11.18 SAR 88.64K shares
96 Alyamamah Steel 1304
40.82 SAR 356.43K shares
97 MedGulf 8030
14.68 SAR 1.18M shares
98 Alujain 2170
28.84 SAR 754.56K shares
99 Theeb Rent A Car 4261
27.02 SAR 979.92K shares
100 Cenomi Retail 4240
14.90 SAR 654.07K shares
101 City Cement 3003
12.17 SAR 727.10K shares
102 MEPCO 1202
18.96 SAR 1.89M shares
103 SHL 1183
15.94 SAR 52.45K shares
104 Bonyan REIT 4347
9.67 SAR 77.20K shares
105 Sumou 4323
30.12 SAR 259.51K shares
106 GIG 8250
28.36 SAR 169.02K shares
107 Al-Aseel 4012
3.70 SAR 494.39K shares
108 SEDCO Capital REIT 4344
7.52 SAR 238.76K shares
109 APC 2200
6.99 SAR 5.82M shares
110 Azm 7211
23.70 SAR 59.00K shares
111 Al Andalus 4320
14.79 SAR 40.19K shares
112 SAPTCO 4040
10.84 SAR 1.58M shares
113 Al Jouf 6070
44.92 SAR 205.37K shares
114 BATEC 4110
2.20 SAR 4.26M shares
115 MISK 2370
32.50 SAR 1.49M shares
116 Walaa 8060
10.02 SAR 256.55K shares
117 Northern Cement 3004
7.05 SAR 181.08K shares
118 Tanmiah 2281
62.90 SAR 111.69K shares
119 Zoujaj 2150
37.50 SAR 145.80K shares
120 Red Sea International 4230
25.30 SAR 497.31K shares
121 Sinad Holding 4080
9.34 SAR 781.79K shares
122 Nayifat 4081
9.98 SAR 140.07K shares
123 Ayan 2140
11.20 SAR 741.92K shares
124 Halwani Bros 6001
31.84 SAR 411.58K shares
125 Amlak 1182
10.40 SAR 688.66K shares
126 Saudi Cable 2110
157.30 SAR 27.25K shares
127 Al-Hassan Shaker 1214
15.14 SAR 562.56K shares
128 Nasij 1213
23.95 SAR 78.41K shares
129 Herfy Foods 6002
15.70 SAR 149.43K shares
130 Gulf Training 4290
15.53 SAR 524.29K shares
131 Najran Cement 3002
5.97 SAR 791.88K shares
132 SAIC 2120
16.63 SAR 379.11K shares
133 Shams 4170
15.45 SAR 189.70K shares
134 Arabian Shield 8070
11.13 SAR 92.77K shares
135 Raoum 4144
70.45 SAR 25.04K shares
136 AlAhli REIT 1 4338
6.40 SAR 75.56K shares
137 Abu Moati 4191
43.26 SAR 120.82K shares
138 Riyad REIT 4330
5.01 SAR 83.27K shares
139 Obeikan Glass 4145
26.32 SAR 277.81K shares
140 Artex 2340
10.36 SAR 426.45K shares
141 Alkhabeer REIT 4348
5.79 SAR 158.06K shares
142 SACO 4008
24.36 SAR 121.78K shares
143 Umm Al-Qura Cement 3005
13.72 SAR 65.68K shares
144 Jazira Takaful 8012
11.25 SAR 51.31K shares
145 Chubb 8240
18.50 SAR 137.99K shares
146 Tabuk Cement 3090
7.98 SAR 299.86K shares
147 BCI 1210
25.44 SAR 31.32K shares
148 Ftihi Group 4180
2.49 SAR 2.36M shares
149 Banan 4324
3.40 SAR 208.40K shares
150 SARCO 2030
45.10 SAR 127.25K shares
151 Lazurde 4011
11.49 SAR 280.02K shares
152 Amiantit 2160
14.06 SAR 806.57K shares
153 Baan 1820
1.93 SAR 3.97M shares
154 Chemanol 2001
8.87 SAR 0 shares
155 Farm Superstores 4006
13.10 SAR 25.79K shares
156 Baazeem 4051
5.80 SAR 659.96K shares
157 Oasis 3007
2.60 SAR 688.52K shares
158 Derayah REIT 4339
5.43 SAR 78.41K shares
159 Jouf Cement 3091
5.27 SAR 392.04K shares
160 Al Maather REIT 4334
8.94 SAR 13.62K shares
161 Alinma Retail REIT 4345
4.53 SAR 135.75K shares
162 Taleem REIT 4333
10.42 SAR 9.93K shares
163 Mutakamela 8040
8.91 SAR 43.46K shares
164 Wataniya 8300
13.15 SAR 178.37K shares
165 Wafrah 2100
22.38 SAR 551.37K shares
166 Gulf Union 8120
11.17 SAR 527.58K shares
167 Printing & Packaging 4270
7.66 SAR 128.88K shares
168 SADR 1832
2.75 SAR 1.43M shares
169 Aslak 1301
17.09 SAR 62.12K shares
170 Mulkia REIT 4336
4.56 SAR 50.26K shares
171 NGC 2090
14.91 SAR 150.27K shares
172 Saudi DARB 4130
2.13 SAR 2.22M shares
173 Sadarat 4140
2.35 SAR 1.64M shares
174 AICC 8160
8.40 SAR 28.59K shares
175 Malath Insurance 8020
8.90 SAR 215.45K shares
176 Burgerizzr 6016
7.89 SAR 347.77K shares
177 Nama Chemicals 2210
18.74 SAR 0 shares
178 JADCO 6090
8.75 SAR 216.52K shares
179 Maadaniyah 2220
12.12 SAR 49.30K shares
180 LIVA 8280
10.60 SAR 88.31K shares
181 Alkathiri 3008
1.86 SAR 2.05M shares
182 CMCER 4021
5.40 SAR 626.98K shares
183 Takween 1201
5.32 SAR 333.92K shares
184 SIDQ 2130
12.72 SAR 1.62M shares
185 GACO 6020
12.60 SAR 171.20K shares
186 SADECO 6060
12.40 SAR 294.94K shares
187 Musharaka REIT 4335
4.10 SAR 41.80K shares
188 Arabian Sea 7201
3.58 SAR 462.59K shares
189 Anaam Holding 4061
10.72 SAR 147.91K shares
190 Alsagr Insurance 8180
11.01 SAR 151.05K shares
191 FIPCO 2180
28.50 SAR 84.37K shares
192 Tihama 4070
14.24 SAR 85.08K shares
193 Jadwa REIT Alharamain 4332
4.86 SAR 24.04K shares
194 Al Aziziyah REIT 4337
5.33 SAR 839.37K shares
195 Aletihad 8170
6.05 SAR 185.63K shares
196 SAICO 8100
9.79 SAR 343.65K shares
197 National Fisheries 6050
42.18 SAR 98.68K shares
198 Amana Insurance 8310
6.45 SAR 448.18K shares
199 Food Development 6013
92.00 SAR 43.17K shares
200 SVCP 2360
17.75 SAR 29.38K shares
201 Enaya 8311
11.25 SAR 449.29K shares
202 Al-Omran 4141
21.44 SAR 26.21K shares
203 MEFIC REIT 4346
3.51 SAR 39.20K shares
204 Tabuk Agriculture 6040
6.46 SAR 397.31K shares
205 Salama 8050
7.94 SAR 142.01K shares
206 ACIG 8150
6.00 SAR 159.04K shares
207 Aljazira REIT 4331
11.33 SAR 28.61K shares
208 UCA 8190
3.07 SAR 995.59K shares
209 Raydan 6012
16.10 SAR 48.26K shares
210 Gulf General 8260
3.79 SAR 330.51K 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.