Ash-Sharqiyah Development Co 107.8 Saudi Steel Pipe Co 31.6 Kingdom Holding Co 10.22 CHUBB Arabia Cooperative Insurance Co 44.4 Basic Chemical Industries Co 42.85 National Industrialization Co 18.84 Tourism Enterprise Co 61.5 Alahli Takaful Co 40 Yanbu Cement Co 43.8 Malath Cooperative Insurance Co 33.95 Saudi Kayan Petrochemical Co 17.26 Al Gassim Investment Holding Co 32.55 Saudi Industrial Development Co 24.12 Fawaz Abdulaziz Alhokair Co 25.7 Jazan Energy and Development Co 25.4 National Petrochemical Co 44.25 Buruj Cooperative Insurance Co 32.2 Mouwasat Medical Services Co 178.8 Saudi Real Estate Co 23.18 National Gypsum Co 49.4 Arabia Insurance Cooperative Co 32.05 Tabuk Cement Co 20.16 Salama Cooperative Insurance Co 27.9 Bank Aljazira 18.42 FALCOM Saudi Equity ETF 43.9 Knowledge Economic City 22.56 Rabigh Refining and Petrochemical Co 21.92 Saudi Arabian Mining Co 56 Saudia Dairy and Foodstuff Co 175.6 Anaam International Holding Group 100.1 Saudi Fisheries Co 61.6 Saudi Arabian Amiantit Co 27.95 Al-Rajhi Company for Cooperative Insurance 94.5 Savola Group 42.6 National Agricultural Marketing 0 Gulf Union Alahlia Cooperative Insurance Co. 20.82 Southern Province Cement Co 87.4 Saudi Telecom Co 131.4 Al Abdullatif Industrial Investment Co 39.55 Banque Saudi Fransi 38.45 Saudi Chemical Co 38.85 Bawan Co 38.1 Wataniya Insurance Co 47.85 National Agricultural Development Co 43 Saudi Advanced Industries Co 56.3 Gulf General Cooperative Insurance Co 30.25 Arabian Cement Co 45.45 Astra Industrial Group 46.4 Dur Hospitality Co 33.45 National Gas and Industrialization Co 43.8 Allied Cooperative Insurance Group 47.15 Etihad Atheeb Telecommunication Co 37.85 Al Rajhi Bank 112 Saudi Paper Manufacturing Co 60.2 Allianz Saudi Fransi Cooperative Insurance Co 29 Riyad Bank 27.1 Dar Alarkan Real Estate Development Co 10.3 Middle East Specialized Cables Co 23.16 Takween Advanced Industries Co 22.68 Tabuk Agricultural Development Co 40.15 The National Company for Glass Industries 40.8 United International Transportation Co 44.95 Arriyadh Development Co 24.46 Saudi Indian Company for Cooperative Insurance 0 Qassim Cement Co 85.3 Saudi Public Transport Co 27.3 Alinma Bank 20.2 Advanced Petrochemical Co 74 Saudi Electricity Co 23.84 HSBC MSCI Tadawul 30 Saudi ETF 41.15 Naseej International Trading Co. 98.5 Saudi Cable Co 30.55 Al-Jouf Agricultural Development Co 87.2 Batic Investments and Logistics Co 38.55 Filing and Packing Materials Manufacturing Co 67.4 Alkhaleej Training and Education Co 29.65 AXA Cooperative Insurance Co 40.2 Saudi Pharmaceutical Industries and Medical Appliances Corp 55.8 Fitaihi Holding Group 33.1 Tihama Advertising and Public Relations Co 59.9 United Wire Factories Co 38.8 Saudi Vitrified Clay Pipes Co 103 Saudi Industrial Investment Group 34.65 Jabal Omar Development Co 34.3 Saudi Arabia Refineries Co 175.2 Saudi Industrial Export Co 0 Saudi Cement Co 63.7 Al Alamiya for Cooperative Insurance Co 32.25 Al Hassan Ghazi Ibrahim Shaker 25.95 National Shipping Company of Saudi Arabia 38.65 Al-Etihad Cooperative Insurance Co 25.46 Al-Babtain Power and Telecommunication Co 39.5 Walaa Cooperative Insurance Co 26.52 Hail Cement Co 18.74 FALCOM PETROCHEMICAL ETF 39.8 Nama Chemicals Co 44.7 Abdullah Al Othaim Markets Co 128.4 Almarai Co 62.5 Albilad Gold ETF 10.16 Seera Group Holding 21.16 United Electronics Co 131.4 Saudi Enaya Cooperative Insurance Co 47.15 Dallah Healthcare Co 78.7 Alinma Tokio Marine Co 40.05 Middle East Healthcare Co 37.45 Electrical Industries Co 32.2 Arabian Centres Co 26.9 Maharah Human Resources Co 76.4 Ataa Educational Co 50.4 Al Kathiri Holding Co 106 Raydan Food Co 35.2 Saudi Marketing Co 39.05 Alandalus Property Co 26.5 Saudi Company for Hardware 70 Thob Al Aseel Co. 77.5 Abdullah Saad Mohammed Abo Moati for Bookstores Co 52.1 Umm Al-Qura Cement Co 34 The Saudi National Bank 55.3 Development Works Food Co 184.4 Leejam Sports Co 77.9 Arabian Pipes Co 0 Middle East Paper Co 28.1 Lazurde Company for Jewelry 23.56 Arab Sea Information System Co 103.6 Riyadh Cement Co. 33 Dr. Sulaiman Al Habib Medical Services Group 160.8 Saudi British Bank 31.3 Saudi Printing and Packaging Co 32.2 Emaar The Economic City 11.72 National Metal Manufacturing and Casting Co 38.75 Al Hammadi Company for Development and Investment 38.4 Al-Baha Investment and Development Co 40.7 Al Jouf Cement Co 13.82 City Cement Co 29.65 The Mediterranean and Gulf Insurance and Reinsurance Co 26.65 Etihad Etisalat Co 32.95 Aseer Trading, Tourism and Manufacturing Co 27.35 Najran Cement Co 24.02 National Building and Marketing Co 312.2 Saudi Ground Services Co 35.9 United Cooperative Assurance Co 25.5 ALBILAD Saudi Sovereign Sukuk ETF 10.04 Amlak International for Real Estate Finance Co 22.3 Arab National Bank 22.18 Abdullah Abdul Mohsen Al Khodari Sons 0 Red Sea International Co 29.4 Taiba Investments Co 33.15 Baazeem Trading Co 136.4 Bank Albilad 36.1 National Company for Learning and Education 58.3 Jarir Marketing Co 216.2 Al Sagr Cooperative Insurance Co 20.8 AYYAN Investment Co. 27.65 Yanbu National Petrochemical Co 70.3 Al Yamamah Steel Industries Co 46 Zamil Industrial Investment Co 33.95 Saudi Automotive Services Co 36.35 Saudi Airlines Catering Co 78.7 Yamama Cement Co 34 Saudi Research and Marketing Group 159.6 Wafrah for Industry and Development 171.6 Saudi Industrial Services Co 47.65 Theeb Rent a Car Co 68.4 Saudi Re for Cooperative Reinsurance Co 21.74 SABB Takaful Co 37.55 Arabian Shield Cooperative Insurance Co 25.26 Al Moammar Information Systems Co 111.6 Herfy Food Services Co 62.9 Saudi Ceramic Co 58.5 Aljazira Takaful Taawuni Co 30.65 Halwani Bros Co 99.2 Saudi Investment Bank 17.26 BinDawood Holding Co. 111 Al Kathiri Holding Co. (Tradable Rights) 0 Sadr Logistics Co. 357 Al Khabeer Diversified Income Traded Fund 9.12 Alkhorayef Water and Power Technologies Co. 115.8 Watani Iron Steel Co. 65.2 The Company for Cooperative Insurance 84.6 Eastern Province Cement Co 48.6 Bupa Arabia for Cooperative Insurance Co 129.2 Tabuk Agricultural Development Company Rights 0 Fesh Fash Food Factory Co 284.2 Sumou Real Estate Co 64.9 Al-Omran Industrial Trading Co 104.8 Northern Region Cement Co 17.46 Saudi Arabian Cooperative Insurance Co 24.2 Saudi Arabian Oil Co 35.3 Sahara International Petrochemical Co 27.4 Mobile Telecommunication Company Saudi Arabia 14.42 Aldrees Petroleum and Transport Services Co 67.2 Makkah Construction and Development Co 71.1 Zahrat Al Waha for Trading Co 82.1 SABIC Agri-Nutrients Co. 114.2 Methanol Chemicals Co 14.28 Amana Cooperative Insurance Co 60.4 Saudi Basic Industries Corp 119.8 Mohammed Hasan AlNaqool Sons Co. 111.4 Natural Gas Distribution Co. 0 Abdulmohsen Alhokair Group for Tourism and Development 23.5 Lazurde Company for Jewelry (Tradable Rights) 0 Alujain Holding Corp. 54.4 National Medical Care Co 64.8
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To add the flexibility in your investments and trade in compliance with the provisions of Sharia, Albilad Capital provides you with two Shariah compliant stock lists, which are:

  •   Albilad Capital Shariah compliant stock list
  •  AAOIFI List (The Accounting and Auditing Organization for Islamic Financial Institutions)

The difference between the AAOIFI list and Albilad Capital Shariah compliant list

AAOIFI ListAlbilad Capital Sharia compliant lists
  • Non-Islamic finance should not exceed 30% of market-cap.
  • Non-Islamic deposits should not exceed 30% of market-cap.
  • Non-Islamic revenue should not exceed 5% of total revenue


  • Non-Islamic finance should not exceed 30% of total assets.
  • Cost of prohibited finance should not exceed 5% of total expenses.
  • Non-Islamic Investments should not exceed 30% of total assets.
  • Non-Islamic income should not exceed 5% of total income.


Investing in securities involves many risks, such as: that the previous performance of the security or the previous performance of the index is not an indication of future performance, and there is no guarantee for investors that the performance of the security will be repeated or comparable to the previous performance. Investing in securities is not considered a deposit with any bank. It should always be noted that investing in stocks or the investment tools associated with them may involve fluctuations in value that reflect a high degree of risk. The investment may experience a sudden decrease and a loss equal to the amount invested in it, as the value of the investment in the security is variable and may be subject to increase or decrease, Therefore, this type of securities may not be suitable for every investor to invest in, so we recommend that you refer to a qualified investment advisor before investing in the securities. Fees imposed on securities, such as fees for buying and selling and other fees imposed on the investment account, may apply to them. There are securities that may be difficult for the investor to sell or convert into cash and obtain reliable information about the value of the security, or the extent of the risks to which it is exposed. Also, some securities may be dealt with in foreign currencies, and changes in the prices of these currencies may have positive or negative effects on the value of the security. In addition, Zakat and taxes may apply to some of the products and securities invested in them, as stipulated in the executive regulations of the value-added tax system and other regulations issued by the Kingdom, which are likely to change from time to time, and Albilad Capital does not guarantee the possibilities of changing tax rates or exemptions and Albilad Capital can invest in related securities. We note that Albilad Capital may have provided important advice or services in the business of securities during the past twelve months to the source of the relevant securities or related securities or will be provided in the future or any of its dependents and Albilad Capital may have an investment center or a share in the fund or securities related. To obtain more information and to view all the details related to the products of Albilad Capital, please kindly visit our website: Capital Market Authority License No. 08-08100, Commercial Register No. 1010240489, Head Office: 8162 King Fahad road –Olaya Unit no 22 Riyadh 12313-3701 Kingdom of Saudi Arabia.