Is Saudi National Bank (1180.SR) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Saudi National Bank (1180.SR) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Regional”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 18 September 2026.
Saudi National Bank is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 449.18% | Review |
| Cash and interest-bearing investments | 30% | 184.67% | Review |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 34.19% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Regional”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Its business description mentions conventional banking, lending or insurance, but it doesn’t report how much of its revenue that is.Source: Business check
- The interest-bearing debt test couldn’t be settled: Only an upper estimate is available, and it is over the limit. No debt figure was reported, so total liabilities are used as an upper bound.Source: AAOIFI Shari'ah Standard 21
- The cash and interest-bearing investments test couldn’t be settled: The figures give 29.8% and 184.7%, on either side of the limit. Includes long-term investments that may be shares in other companies.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The share of revenue from conventional banking, lending or insurance isn’t reported.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about The Saudi National Bank (1180.SR)
Is Saudi National Bank (1180.SR) stock halal?▾
No. Saudi National Bank (1180.SR) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Regional”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 18 September 2026.
What is Saudi National Bank's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Saudi National Bank's ratio is at most 449.2%.
How much dividend purification is required for Saudi National Bank (1180.SR) stock?▾
Saudi National Bank does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Saudi National Bank operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Saudi National Bank's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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