‎Almaqased Center publishes list of Shariah-compliant companies for 2025

‎Almaqased Center publishes list of Shariah-compliant companies for 2025 ‎Almaqased Center publishes list of Shariah-compliant companies for 2025

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Tadawul trading screen

Almaqased Economic Advisory Center published the list of the Shariah-compliant, joint-stock companies listed on the Main Market (TASI) and the Nomu-Parallel Market for 2024, excluding commercial banks and insurance companies. The study is based on the financial statements of the joint-stock companies and listed real estate funds published on the Tadawul website for the period ended Dec. 31, 2025, the center stated.

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The study starts by examining the company’s business activity and its investments in detail, and then determines the percentage of impermissible income, if any. The study also examines the financing and financial derivatives, and then sets the relevant Shariah ruling.

The study covered 381 companies and funds, including 260 listed on the Main Market (TASI) and 121 on the Parallel Market (Nomu).

A total of 286 companies and funds were classified as Shariah-compliant, including 190 on the Main Market (TASI) and 96 on the Parallel Market (Nomu). Meanwhile, 80 companies were classified as mixed, comprising 57 on TASI and 23 on Nomu.

Another 15 companies were classified as non-compliant with Shariah principles, including 12 on TASI and three on Nomu. Saudi Aramco was assigned a special classification under the study’s methodology.

 

‎

Tadawul trading screen

Almaqased Economic Advisory Center published the list of the Shariah-compliant, joint-stock companies listed on the Main Market (TASI) and the Nomu-Parallel Market for 2024, excluding commercial banks and insurance companies. The study is based on the financial statements of the joint-stock companies and listed real estate funds published on the Tadawul website for the period ended Dec. 31, 2025, the center stated.

The study starts by examining the company’s business activity and its investments in detail, and then determines the percentage of impermissible income, if any. The study also examines the financing and financial derivatives, and then sets the relevant Shariah ruling.

The study covered 381 companies and funds, including 260 listed on the Main Market (TASI) and 121 on the Parallel Market (Nomu).

A total of 286 companies and funds were classified as Shariah-compliant, including 190 on the Main Market (TASI) and 96 on the Parallel Market (Nomu). Meanwhile, 80 companies were classified as mixed, comprising 57 on TASI and 23 on Nomu.

Another 15 companies were classified as non-compliant with Shariah principles, including 12 on TASI and three on Nomu. Saudi Aramco was assigned a special classification under the study’s methodology.

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