Is Saudi Steel Pipes (1320.SR) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Yes. Saudi Steel Pipes (1320.SR) passes the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 9.9% of its 36-month average market value (limit: under 30%), and prohibited income is 0.3% of revenue (limit: 5%). Last checked 28 September 2026.
Saudi Steel Pipes is 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 | — | — | Pass |
| Interest-bearing debt | 30% | 9.92% | Pass |
| Cash and interest-bearing investments | 30% | 8.29% | Pass |
| Prohibited income | 5% | 0.29% | Pass |
| Not just cash and debts | 90% | 28.07% | Pass |
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Frequently Asked Questions about Saudi Steel Pipes Company (1320.SR)
Is Saudi Steel Pipes (1320.SR) stock halal?▾
Yes. Saudi Steel Pipes (1320.SR) passes the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 9.9% of its 36-month average market value (limit: under 30%), and prohibited income is 0.3% of revenue (limit: 5%). Last checked 28 September 2026.
What is Saudi Steel Pipes'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 Steel Pipes's ratio is about 9.9%.
How much dividend purification is required for Saudi Steel Pipes (1320.SR) stock?▾
Under AAOIFI Shari’ah Standard 21, shareholders should give away the part of their income that comes from prohibited sources: SAR 0.0798 per share for the latest financial year. The amount goes to charity, without counting it as one's own donation.
Does Saudi Steel Pipes 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 Steel Pipes'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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