Energy · Oil & Gas Drilling
Is Arabian Drilling Company (2381.SR) Stock Halal?
Shariah Compliance Across 5 Standards — Live
Shariah Compliance Verdict — 5 Standards
AAOIFI (Shari'ah Standard 21)market-cap basis
debt/MC 35.5% > 30%
Dow Jones Islamic Marketmarket-cap basis
debt/MC24mo 34.3% > 33%
FTSE Shariah (Yasaar)total-assets basis
Passes all applicable screens.
MSCI Islamictotal-assets basis
Passes all applicable screens.
S&P Shariahmarket-cap basis
Passes all applicable screens.
Live verdicts from the Halal Terminal screening engine, recomputed against the issuer's latest filings.
Plain-English Summary
Compliant under FTSE, MSCI, S&P (debt/MC 35.5%, well under their 30–33% caps), but fails AAOIFI, DJIM on debt/MC 35.5% > AAOIFI 30%, DJIM 33%.
Why Screeners May Disagree on 2381.SR
AAOIFI's two recognized ratio bases disagree for 2381.SR: the market-capitalization reading (per Shari'ah Standard 21 §3/4) is non-compliant, while the total-assets reading (used by FTSE/MSCI-style screeners) is compliant. Apps using different bases will legitimately differ on this stock.
Business Activity Screen
Business activity is compliant.
Financial Ratios
Interest-bearing debt / market cap
AAOIFI ≤30% · DJIM/S&P <33% (trailing-avg MC)
35.5%
Cash & interest-bearing / market cap
AAOIFI ≤30% of market cap
6.9%
Debt / total assets
FTSE/MSCI <33.33% of total assets
29.0%
Cash & interest-bearing / total assets
FTSE/MSCI <33.33% of total assets
5.6%
Receivables + cash / total assets
FTSE <50% · MSCI ≤70%
12.6%
Interest income / revenue
≤5% across all methodologies
0.3%
Raw ratios from the latest filings — each methodology applies its own basis and thresholds (see the verdict box above for per-standard outcomes).
Purification
Purification rate: 0.32% of income
The purification rate estimates the share of the company's income attributable to impure sources (primarily interest). Scholars recommend donating that share of any dividends or gains to charity. Use the terminal's purification calculator for exact amounts on your holding.
Frequently Asked Questions
Is Arabian Drilling Company (2381.SR) halal to invest in?
Arabian Drilling Company currently screens as non-compliant on the Halal Terminal engine. The verdict is recomputed against the issuer's latest financial filings and all five major methodologies (AAOIFI, DJIM, FTSE, MSCI, S&P) — see the per-standard breakdown above. This is a data-driven application of published standards, not a fatwa.
Is 2381.SR compliant under AAOIFI?
No — 2381.SR currently fails AAOIFI screening: debt/MC 35.5% > 30%.
Do I need to purify dividends from 2381.SR?
The current computed purification rate is 0.32% — the share of income attributable to impure sources that scholars recommend donating to charity.
Why do halal screening apps disagree about 2381.SR?
Different services apply different ratio bases (market capitalization vs total assets), different revenue classifications, and different data vintages. This page shows both AAOIFI readings side by side and classifies revenue segments explicitly so the source of any disagreement is visible.
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Halal Terminal screens stocks and ETFs across 5 Shariah standards simultaneously — with live ratios, segment-level business income, purification calculations, and Zakat reports.
Disclaimer: This page is for educational and informational purposes only and does not constitute financial or religious advice. Verdicts and figures come from the Halal Terminal screening engine, computed from the issuer's public financial filings and refreshed regularly (last screened 2026-06-16). This is a data-driven application of published Shariah standards — not a fatwa. Consult a qualified Islamic finance scholar or advisor for personalised guidance.