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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: www.albilad-capital.com Capital Market Authority License No. 08100-37, Commercial Register No. 1010240489, Head Office: 8162 King Fahad road –Olaya Unit no 22 Riyadh 12313-3701 Kingdom of Saudi Arabia.