Is Saudi Awwal Bank SJSC halal to invest in?

As of July 2026, Saudi Awwal Bank SJSC 1060.SR is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Saudi Awwal Bank SJSC a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Saudi Awwal Bank SJSC using these criteria to determine its compliance status.

Can Muslims buy shares of Saudi Awwal Bank SJSC?

Muslim investors may consider investing in Saudi Awwal Bank SJSC if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Saudi Awwal Bank SJSC classified as NOT HALAL?

Musaffa determines the Shariah status of Saudi Awwal Bank SJSC by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Saudi Awwal Bank SJSC updated?

The Shariah compliance status of Saudi Awwal Bank SJSC may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Saudi Awwal Bank SJSC become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Saudi Awwal Bank SJSC?

You can check the latest Shariah compliance status of Saudi Awwal Bank SJSC on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Saudi Awwal Bank SJSC 1060.SR

Last Updated: Jul 13, 12:00 AM·TASI

1060.SR Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Saudi Awwal Bank SJSC is classified as not halal.

NOT HALAL

Report Source: 2025 Annual Report

Saudi Awwal Bank SJSC. Stock Analysis 1060.SR

Saudi Arabia Financials Large Cap Report: 2025 Annual

Saudi Awwal Bank engages in the finance sector. The company is headquartered in Riyadh, Riyadh and currently employs 5,226 full-time employees. The company provides a range of banking services as well as Shariah approved products. The company operates under the following segments: Retail Banking, which caters mainly to the banking requirements of personal and private banking customers including deposits, current and savings accounts, personal finances and credit cards; Corporate Banking, which caters mainly to the banking requirements of commercial and corporate banking customers including deposits, current accounts, loans, finances and other credit facilities; Treasury, which caters mainly to capital markets, foreign currency transactions and trading in financial derivatives, as well as Others, which includes activities of the Bank’s investment in a joint venture and an associate. In addition the Treasury segment caters to management of the Bank’s liquidity, currency and special commission rate risks, and it is responsible for funding the Bank’s operations.

Key Statistics of Saudi Awwal Bank SJSC (1060.SR)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

SAR31.90SAR32.30

Today's Open

SAR32.02

Volume

2.43M

P/E Ratio (TTM)

7.85

52 Week Range

SAR29.90SAR37.92

Market Cap

66.53B

Avg. Volume

1.39M

Dividend Yield

5.83%

Financial Metrics & Statements of Saudi Awwal Bank SJSC (1060.SR)

Super Investors Invested in Saudi Awwal Bank SJSC (1060.SR)

FAQ's for Saudi Awwal Bank SJSC (1060.SR)

As of July 2026, Saudi Awwal Bank SJSC 1060.SR is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Saudi Awwal Bank SJSC using these criteria to determine its compliance status.
Muslim investors may consider investing in Saudi Awwal Bank SJSC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Saudi Awwal Bank SJSC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Saudi Awwal Bank SJSC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Saudi Awwal Bank SJSC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.