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Shariah Guidelines
Musharaka Capital is committed to providing investment solutions that comply with the principles of Islamic Sharia by applying Sharia-compliant regulations in investment and stock trading activities. The company's Sharia Board has adopted the following criteria to determine the permissibility of dealing in shares of joint-stock companies
The following safeguards and controls shall be in place upon investment and trading in this type of joint stock companies:
Sixth:
To view the list of Sharia Compliant and Non-Compliant companies Q2-2025
1060
Alawwal Invest MSCI Tadawul 30 Saudi ETF
1050
Banque Saudi Fransi SJSC
4072
MBC Group CJSC
1080
Arab National Bank SJSC
4280
Kingdom Holding Company SJSC
1030
Saudi Investment Bank SJSC
1010
Riyad Bank SJSC
1180
Saudi National Bank SJSC
9602
Yaqeen Financial Yaqeen Capital Company SJSC
9402
Alawwal Invest MSCI Tadawul 30 Saudi ETF
9411
SAB Invest Hang Seng Hong Kong ETF
9586
Osool & Bakheet Investment Company SCJSC
9521
Enma Al-Rawabi Co
4338
SNB Capital Fund of REITs Fund
3091
Al Jouf Cement Company SJSC
9527
AME Company for Medical Supplies
2100
Wafrah for Industry and Development Company SJSC
1833
Al Mawarid Manpower Company SCJSC
1810
Seera Holding Group SJSC
8160
Arabia Insurance Cooperative Company SJSC
2281
Tanmiah Food Company SJSC
1835
Tamkeen Human Resources Co
3007
Zahrat Al Waha for Trading Company SJSC
2290
Yanbu National Petrochemical Company Yansab Sjsc
3003
City Cement Company CJSC
6002
Herfy Food Services Company SJSC
4190
Jarir Marketing Company SJSC ( Purification change: 0.00%)
3002
Najran Cement Company SJSC
9530
Arabian International Healthcare Holding Commpany SJSC
2300
Saudi Paper Manufacturing Company SJSC
3060
Yanbu Cement Company SJSC
6040
Tabuk Agricultural Development Co SJSC
4310
Knowledge Economic City Company SJSC
6090
Jazan Development and Investment Company SJSC
4031
Saudi Ground Services Company SJSC ( Purification change: 3.74%)
9404
Alinma Saudi Gov Sukuk ETF - Short Maturity
7201
Arab Sea Information Systems Company SJSC
2286
Fourth Milling Company SJSC
4291
National Company for Learning and Education SJSC ( Purification change: 0.00%)
1214
Al Hassan Ghazi Ibrahim Shaker Company SJSC
4240
Fawaz Abdulaziz Al Hokair & Company SJSC
4270
Saudi Printing and Packaging Company SJSC
9556
Nofoth Food Products Co
9607
ASG Plastic Factory Comapny SCJSC
4016
Middle East Pharmaceutical Industries Company SJSC
4323
Sumou Real Estate Company SJSC
1182
Amlak International Finance Company SJSC
4350
Alistithmar AREIC Diversified REIT Fund
9580
Al Rashid Industrial CoS JSC
2230
Saudi Chemical Holding Company SJSC
6014
Alamar Foods Company SJSC
4011
L'azurde Company for Jewelry SJSC
9631
Hedab Alkhaleej Trading Company SCJSC
4004
Dallah Healthcare Company SJSC
4140
Saudi Industrial Export Company SJSC ( Purification change: 0.07%)
4170
Tourism Enterprise Company (Shams) SJSC ( Purification change: 0.29%)
4345
Alinma Retail REIT Fund
1322
Al Masane Al Kobra Mining Company CJSC
2130
Saudi Industrial Development Company SJSC
6016
Shatirah House Restaurant Co
2270
Saudia Dairy & Foodstuff Company SJSC
4164
Al Nahdi Medical Company SJSC
4014
Scientific and Medical Equipment House Company CJSC
9610
First Avenue for Real Estate Development Company SJSC
1183
SHL Finance Company SJSC
9614
Purity for Information Technology Co SJSC
4230
Red Sea International Company SJSC
2060
National Industrialization Company SJSC
4003
United Electronics Company JSC
9628
Lamasat Company SCJSC
4320
Al-Andalus Property Company SJSC
2080
National Gas and Industrialization Company SJSC
4100
Makkah Construction and Development Company SJSC ( Purification change: 3.66%)
4292
Ataa Educational Company SJSC
9596
Quara Finance Company CJSC
9557
Edarat Communication and Information Technology Co
4017
Dr Soliman Abdel Kader Fakeeh Hospital Company SCJSC
4261
Theeb Rent a Car Company SJSC
2180
Filing and Packing Materials Manufacturing Co SJSC
3010
Arabian Cement Company SJSC
3004
Northern Region Cement Company SJSC
4143
Al Taiseer Group TALCO Industrial Company SCJSC
9559
Balady Poultry Trading Company SJSC
9601
Mohammed Hadi Al-Rashid and Partners Company SJSC
9544
Future Care Trading Compnay SJSC
6010
National Agricultural Development Company SJSC
3050
Southern Province Cement Company SJSC
1202
Middle East Company for Manufacturing and Producing Paper SJSC
2370
Middle East Specialized Cables Company SJSC
1834
Saudi Manpower Solutions Company SCJSC
4300
Dar Al Arkan Real Estate Development Company SJSC
7204
Perfect Presentation for Commercial Services Company SJSC
1210
Basic Chemical Industries Company SJSC
2285
Arabian Mills for Food Products Company SCJSC
2340
ARTEX Industrial Investment Co
7030
Mobile Telecommunications Company Saudi Arabia SJSC
3005
Umm Al Qura Cement Company SJSC
4008
Saudi Company for Hardware SJSC
4001
Abdullah Al-Othaim Markets Company SJSC
2287
Arabian Company for Agricultural and Industrial Investment SCJSC
9535
Ladun Investment Company SJSC
6004
CATRION Catering Holding Company SJSC
9627
Twareat Medical Care Company SCJSC
2284
Modern Mills Company SJSC
4263
SAL Saudi Logistics Services Company SJSC
2240
Zamil Industrial Investment Company SJSC
8210
Bupa Arabia for Cooperative Insurance Company SJSC
4250
Jabal Omar Development Company SJSC
6018
Sport Clubs Company SCJSC
1321
East Pipes Integrated Company for Industry CJSC
4290
Al Khaleej Training and Education Company SJSC
4020
Saudi Real Estate Company SJSC
4161
BinDawood Holding Company SJSC
4142
Riyadh Cables Group Company SJSC
7200
Al Moammar Information Systems Company SJSC
6017
Jahez International Company for Information Systems Technology SCJSC
2070
Saudi Pharmaceutical Industries and Medical Appliances Corp SPIMACO ADDWAEIH SJSC
9590
Armah Sports Co SCJSC
1302
Bawan Company SJSC
9510
National Building and Marketing Company CJSC
3030
Saudi Cement Company SJSC
2223
Saudi Aramco Base Oil Company - Luberef SJSC
4321
Arabian Centres Company SJSC ( Purification change: 4.60%)
3080
Eastern Province Cement Company SJSC
1831
Maharah for Human Resources Company SJSC
4009
Middle East Healthcare Company SJSC
2084
Miahona Co SCJSC
2190
Sustained Infrastructure Holding Company SJSC
4349
Alinma Hospitality Reit Fund
2320
Al-Babtain Power and Telecommunication Company SJSC ( Purification change: 0.42%)
4193
Nice One Beauty Digital Marketing Company SCJSC
4220
Emaar The Economic City SJSC
4264
flynas Company SJSC
4192
Al-Saif Stores for Development & Investment Company SJSC
4322
Retal Urban Development Company SJSC
4145
Obeikan Glass Company SJSC
2170
Alujain Corp
4163
Al-Dawaa Medical Services Co
1830
Leejam Sports Company SJSC ( Purification change: 0.11%)
9517
MOBI Industry Company SJSC
8313
Rasan Information Technology Company SCJSC
1323
United Carton Industries Company SCJSC
7211
Saudi Azm for Communication and Information Technology Company SJSC
4019
Specialized Medical Company SCJSC
2083
Power and Water Utility Company for Jubail and Yanbu SJSC
8010
Company for Cooperative Insurance SJSC
1303
Electrical Industries Company JSC
3020
Yamama Cement Company SJSC
2381
Arabian Drilling Co
4018
Almoosa Health Company CJSC
4071
Arabian Contracting Services Company CJSC
4007
Al Hammadi Holding Company SJSC
2081
Alkhorayef Water and Power Technologies Company SCJSC
1111
Saudi Tadawul Group Holding Company SJSC
4165
Al Majed for Oud Company SJSC
2283
First Milling Company SJSC ( Purification change: 11.32%)
2040
Saudi Ceramic Company SJSC
2250
Saudi Industrial Investment Group SJSC
9528
Gas Arabian Services Company SJSC
4260
United International Transportation Company SJSC
3040
Qassim Cement Company SJSC
4030
National Shipping Company of Saudi Arabia SJSC
7040
Etihad Atheeb Telecommunication Company SJSC
2350
Saudi Kayan Petrochemical Company SJSC
4210
Saudi Research and Media Group SJSC
1212
Astra Industrial Group Company SJSC
4012
Thob Al Aseel Company SJSC
2050
Savola Group Company SJSC
1320
Saudi Steel Pipes Company SJSC ( Purification change: 2.67%)
4015
Jamjoom Pharmaceuticals Factory Company SJSC
3092
Riyadh Cement Company SJSC ( Purification change: 1.06%)
4005
National Medical Care Company SJSC
4084
Derayah Financial CJSC
6001
Halwani Brothers Co SJSC
4162
Almunajem Foods Company SJSC ( Purification change: 0.07%)
1304
Al Yamamah Steel Industries Company CJSC
2120
Saudi Advanced Industries Company SJSC
2150
National Company for Glass Industries Sjsc
6070
Al Jouf Agricultural Development Company SJSC
2140
AYYAN Investment Co SJSC
4080
Sinad Holding Company SJSC
2200
Arabian Pipes Company SJSC ( Purification change: 0.46%)
8070
Arabian Shield Cooperative Insurance Company SJSC
2282
Naqi Water Co
2030
Saudi Arabian Refineries Company SJSC
2160
Saudi Arabian Amiantit Company SJSC
4180
Fitaihi Holding Group Company SJSC
3090
Tabuk Cement Company SJSC ( Purification change: 0.58%)
4324
Banan Real Estate Company SJSC
2110
Saudi Cable Company SJSC
4144
Raoom Trading Company SJSC
9540
National Environmental Recycling Co
4130
Saudi Darb Investment Co
4191
Abdullah Saad Mohammed Abo Moati for Bookstores Company SJSC
9541
Academy of Learning Co
9525
Alwasail Industrial Company SJSC
2001
Methanol Chemicals Company SJSC
6050
Saudi Fisheries Company SJSC
9611
Arabian United Float Glass Company SJSC
8300
Wataniya Insurance Company SJSC
9546
Naba Alsaha Medical Services Company SCJSC
8170
Al Etihad Cooperative Insurance Company SJSC
1301
United Wire Factories Company JSC
2210
Nama Chemicals Company SJSC
1820
BAAN Holding Group Company SJSC
9550
Sure Global Tech Company SJSC
2090
National Gypsum Company SJSC
9570
Tam Development Company SCJSC
4051
Baazeem Trading Company SJSC
9583
United Mining Industries Company SJSC
9518
Canadian General Medical Centers Complex Company CJSC
6020
Al Gassim Investment Holding Company SJSC
4061
Anaam International Holding Group Company SJSC
6060
Ash-Sharqiyah Development Company SJSC
1832
Sadr Logistics Company SJSC
9560
Waja Company SJSC
2220
National Metal Manufacturing and Casting MAADANIYYAT SJSC Co
3008
Al Kathiri Holding Company SJSC ( Purification change: 0.00%)
9597
Leaf Global Environmental Services CJSC
9542
Keir International Co
2360
Saudi Vitrified Clay Pipes Company SJSC
9594
Al-Modawat Specialized Medical Co SJSC
9543
Saudi Networkers Services Co
9575
Marble Design Factory Company SCJSC
8180
Al Sagr Cooperative Insurance Company Sjsc
8150
Allied Cooperative Insurance Group SJSC
9615
Mufeed Ltd Co
9513
Watani Iron Steel Company SJSC
4141
Al-Omran Industrial and Trading Co CJSC ( Purification change: 0.11%)
9600
Qomel Co
9568
Mayar Holding Company SCJSC
6013
Development Works Food Co CJSC
9625
ITMAM Consulting Co
9574
Professional Medical Expertise Company SJSC
9592
Almujtama Alraida Medical Co SJSC
9613
Shalfa Facilities Management Co SCJSC
9545
International Human Resources Co
9552
Saudi Top for Trading Company SCJSC
9548
Arabian Plastic Industrial Company SJSC
9585
Mulkia Investment Company SCJSC
9576
Paper Home Co
9558
Alqamam for Computers & Systems Company SJSC
9551
Knowledge Tower Trading Co SJSC
9566
Saudi Lime Industries Company SCJSC
9564
Horizon Foods Co SCJSC
9538
Naseej for Technology Company SJSC
4160
Thimar Development Holding Company SJSC ( Purification change: 0.69%)
9569
Al Muneef Co for Trade Industry Agriculture & Contracting Company SJSC
9563
Bena Steel Industries Company SJSC
6012
Raydan Food Company SJSC
9619
Multi Business Group for projects Company SJSC
9516
Natural Gas Distribution Company CJSC
9591
View United Real Estate Development Company SCJSC
9537
Amwaj International Company SJSC
8311
Saudi Enaya Cooperative Insurance Company SJSC
9606
Tharwah Human Resources Company CJSC
9604
Miral Dental Clinics Company SCJSC
9547
Rawasi Albina Investment Co SJSC
9635
Dkhoun National Trading Company SCJSC
9539
Agaseem Factory for Chemicals and Plastics Comany SJSC
9584
Riyal for Investment and Development Company SJSC
9524
Advance International Communication & Information Technology
9618
Al-Fakhera Men Tailoring Company SCJSC
9630
Ratio Specialty Company CJSC
9603
Horizon Educational Co SJSC
9624
Al-Shehili Metal Industries Company SJSC
4703
SEDCO Capital Multi Asset Traded Fund
9598
Al Mohafaza Company for Education Company SCJSC
9609
Naas Petrol Factory Company CJSC
9555
Leen Alkhair Trading Company SCJSC
9593
Pan Gulf Marketing Company CJSC
9532
Al-Jouf Mineral Water bottling Co SCJSC
9587
Lana Medical Company CJSC
9633
Service Equipment Co SCJSC
9581
Clean Life Co SJSC
9567
Ghida Alsultan for Fast Food Company CJSC
9623
Al Battal Factory for Chemical Industries Company SJSC
9533
Saudi Parts Center Company SJSC
9522
Alhasoob Co
9612
Sama Healthy Water Factory Co SJSC
9608
Al Ashghal Al Moysra Co
9562
Food Gate Trading Company CJSC
9599
Taqat Mineral Trading Company SCJSC
9515
Fesh Fash Snack Food Production Co
9577
Dar Almarkabah for Renting Cars Co SJSC
9588
Riyadh Steel Company SJSC
9622
Shmoh Al-Madi Ltd
9549
Abdulaziz & Mansour Ibrahim Albabtin Co PJSC
9403
Albilad Saudi Sovereign Sukuk ETF
9561
Knowledge Net Co
9571
Munawla Cargo Company SCJSC
9626
Basma Adeem Medical Company SCJSC
9578
Atlas Elevators General Trading & Contracting Co
9514
Mohammed Hasan AlNaqool Sons Co SCJSC
9605
Neft Alsharq for Chemical Industries SCJSC Co
9536
Arabian Food & Dairy Factories Company
9621
Digital Research Co
9589
Fad International Co SJSC
9620
Balsm Alofoq Medical Company CJSC
9565
Meyar Co
9579
Intelligent Oud for Trading SJSC Co
9617
Arabica Star Co SJSC
9553
Malen Iron Company PJSC
9595
WSM for Information Technology Company SCJSC
9405
Albilad Gold ETF
9632
Future Vision for Health Training Company SCJSC
9572
Al-Razi Medical Company SJSC
9616
Jana Medical Company SJSC
9409
Yaqeen S&P ESG MENA ETF Fund
9401
Falcom Petrochemical Etf
9410
Albilad CSOP MSCI Hong Kong China Equity ETF
9400
Yaqeen Saudi Equity ETF
2382
ADES Holding Company Listed JSC
2380
Rabigh Refining and Petrochemical Company SJSC
4083
United International Holding Company SJSC
4050
Saudi Automotive Services Co SJSC
4340
Al Rajhi REIT Fund
8060
Walaa Cooperative Insurance Company SJSC
4150
Arriyadh Development Company SJSC
4342
Jadwa REIT Saudi Fund
4347
Bonyan REIT Fund
4081
Nayifat Finance Co
4344
SEDCO Capital REIT Fund
1213
Naseej International Trading Company SJSC
4082
Morabaha Marina Financing Company SCJSC ( Purification change: 1.12%)
4701
Alkhabeer Growth & Income Traded Fund
4070
Tihama for Advertising Public Relations and Marketing Company SJSC
4339
Derayah REIT Fund
4334
Al Maather REIT Fund
8050
Salama Cooperative Insurance Company SJSC
4332
Jadwa REIT Al Haramain Fund
4346
MEFIC REIT Fund
4337
SICO Saudi REIT Fund
8200
Saudi Reinsurance Company SJSC
8250
Gulf Insurance Group SJSC
8040
Mutakamela Insurance Co
8270
Buruj Cooperative Insurance Co SJSC
8280
Liva Insurance Company SJSC
8100
Saudi Arabian Cooperative Insurance Company SJSC
8310
Amana Cooperative Insurance Company SJSC
8190
United Cooperative Assurance Company SJSC
8190
المتحدة للتأمين
4330
Riyad REIT
8120
Gulf Union Alahlia Cooperative Insurance Company SJSC ( Purification change: 17.46%)
8030
Mediterranean and Gulf Cooperative Insurance and Reinsurance Company SJSC
4110
Batic Investments and Logistics Comapny SJSC
8280
Liva Insurance Company SJSC
8100
Saudi Arabian Cooperative Insurance Company SJSC
4336
Mulkia Gulf Real Estate Reit Fund
8020
Malath Cooperative Insurance Company Sjsc
8260
الخليجية العامة
4040
Saudi Public Transport Company SJSC
4348
Alkhabeer REIT Fund
4335
Musharaka REIT
8310
Amana Cooperative Insurance Company SJSC
4331
AlJazira REIT
8240
CHUBB Arabia Cooperative Insurance Company SJSC
8190
United Cooperative Assurance Company SJSC
8190
المتحدة للتأمين
8260
الخليجية العامة
8260
الخليجية العامة
8260
الخليجية العامة
9300
الواحة ريت
9513
حديد وطني
9515
فش فاش
9517
موبي
9521
إنماء الروابي
9523
جروب فايف
9525
الوسائل
9528
جاز
9531
العبيكان للزجاج
9533
المركز الآلي
9535
لدن
9537
أمواج الدولية
9300
الواحة ريت
9513
حديد وطني
9515
فش فاش
9517
موبي
9521
إنماء الروابي
9523
جروب فايف
9525
الوسائل
9528
جاز
9535
لدن
9537
أمواج الدولية
9539
أقاسيم
9300
الواحة ريت
9634
أدير
9634
أدير
9636
الخزامى
9637
الحلول المتسارعة
9639
أنماط
9640
أساس مكين
9641
هوية
9642
تايم
9644
ناف
9400
يقين 30
9403
صكوك البلاد
9405
البلاد للذهب
9407
البلاد التقني الأمريكي
9401
يقين للبتروكيماويات
9404
صكوك الإنماء
4700
الخبير للدخل
4702
الخبير للدخل 2030
4701
الخبير للنمو والدخل
4703
سدكو متعدد الأصول
- تم توضيح الشركات التي تجاوزت خسائرها المتراكمة 50% من رأس المال بالخط اللون الأحمر، وذلك استناداً إلى الإفصاحات الصادرة عن الشركات المدرجة. وتعد هذه الشركات محظوراً التداول بها لعملاء التمويل فقط — سواء عملاء المتاجرة بالهامش أو المرابحات — إضافةً إلى الشركات غير المتوافقة شرعياً.