Almaqased Center publishes list of Shariah-compliant companies for 2024

Tadawul trading screen

Almaqased Economic Advisory Center published the list of the Shariah-compliant, joint-stock companies listed on the Main Market (TASI) and the Nomu-Parallel Market for 2024, excluding commercial banks and insurance companies.

The study is based on the financial statements of the joint-stock companies and listed real estate funds published on the Tadawul website for the period ended Dec. 31, 2024, the center stated.

The study starts by examining the company’s business activity and its investments in detail, and then determines the percentage of impermissible income, if any. The study also examines the financing and financial derivatives, and then sets the relevant Shariah ruling.

The number of pure companies and funds listed on TASI reached 161, while the number of mixed companies was 44. The number of non-compliant companies was 12, with three companies having non-compliant activities.

In Nomu, the number of pure companies reached 92 in 2024, while mixed companies were 23, and non-compliant companies were five.