Is Makkah Construction and Development (4100.SR) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Makkah Construction and Development (4100.SR) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Lodging”) usually sell alcohol. It doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 25 September 2026.
Makkah Construction and Development needs further review 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% | 0.61% | Pass |
| Cash and interest-bearing investments | 30% | 0.59% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 4.08% | Pass |
Key Findings & Observations
- Companies in its industry (Yahoo industry “Lodging”) usually sell alcohol. It doesn’t report how much of its revenue that is.Source: Business check
- The prohibited income test couldn’t be settled: Yahoo reports interest income of SAR 20.7M, more than the company’s cash, investments and receivables could earn at 10% (SAR 17.7M), so that figure was set aside. So the income test can’t be settled.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Makkah Construction and Development Company (4100.SR)
Is Makkah Construction and Development (4100.SR) stock halal?▾
Not settled. Makkah Construction and Development (4100.SR) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Lodging”) usually sell alcohol. It doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 25 September 2026.
What is Makkah Construction and Development'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. Makkah Construction and Development's ratio is about 0.6%.
How much dividend purification is required for Makkah Construction and Development (4100.SR) stock?▾
No purification is required for Makkah Construction and Development based on its latest annual report.
Does Makkah Construction and Development 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. Makkah Construction and Development'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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