Alijarah Holding (NLCS)
Qatar Stock Exchange · Real Estate
Not compliant, per the screens we rancash 70%, above the 30% limit
Alijarah Holding stock (NLCS) is not compliant with AAOIFI Shari'ah Standard No. 21 per our screen dated 2026-10-29: cash is 70% of the 12-month average market capitalisation, above the 30% limit.
Purification shareNot yet computed
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- Price
- 0.61 QARLast close 2026-10-27
- Market cap
- 300.34 M QARat the 2026-10-27 close
- Symbol
- QSE:NLCS
- Market
- Qatar Stock Exchange
- Sector
- Real Estate
- Industry
- Real Estate Development
Figures as of 2026-10-29 13:13
Sharia screening
Not compliant, per the screens we ran
We apply AAOIFI Shari'ah Standard No. 21, Financial Paper (Shares and Bonds), issued on 30 Rabi' I 1425 AH (20 May 2004), as published on AAOIFI's website. We last reviewed its limits on 2026-10-01. We read what the standard says; we do not issue fatwas.
This is an automated read of published screens, not a fatwa. We name what we ran; whatever we did not run stays outside the read.
Alijarah Holding in numbers
Alijarah Holding ranks 5 of 5 in the Real Estate sector on Qatar Stock Exchange by market cap (300.34 M QAR). Its debt-to-equity ratio is 0.12. Dividends have been paid 4 years running. The P/E is 18.5. The annual dividend yield is 6.59%.
Published figures with their date, not financial advice. Market cap, P/E and dividend yield use the 2026-10-27 close.
The five screens, one by one
Sharia safety margin: 0 / 100 · Not compliant: far from the limit, or an excluded activity · Not applied: receivables · as of 2026-10-29
Sharia safety margin: 0 / 100 · Not compliant: far from the limit, or an excluded activity · Not applied: receivables · as of 2026-10-29
We ran 4 of 5 screens; the Sharia safety margin is 0 / 100.
| Business activity (sector and industry) | No excluded activity in its sector or industry | Passed |
| Interest-bearing debt to market cap | 22%, limit 30% | Passed |
| Cash and interest-bearing securities to market cap | 70%, limit 30% | Did not pass |
| Non-permissible income to revenue | 36.3%, limit 5% | Did not pass |
| Receivables to market cap | Not run: the standard sets no limit for it |
Purification share
We have not yet measured the share of this company's revenue that comes from non-permissible income, so we show no purification share and do not guess one. We do not publish a per-share amount.
Figures as of 2026-10-29 13:13
Company facts
- Debt-to-equity ratio 0.12
- Consecutive years paying a dividend 4 years
Figures computed from the company's published financial statements and read on 2026-10-28. They move with every new statement; this states a figure, it is an educational reading, not financial advice.
Fundamental filter
Solid fundamentals
- The company actually earned a profit over the last twelve months. Met
- Its debt does not exceed twice its shareholders' equity. Met
- The rest of the fundamental filter: every check in full, with its state — met, not met, or not measured.
- And whatever the source does not publish is named as such — never counted as a met check.
These are this page's items only; each plan's full list is on the pricing page.
Figures as of 2026-10-28
An automated quality screen on published figures, not financial advice. Every threshold is stated, every reason is named with its figure and its date, and the decision stays yours.
Today's model reading
The same four tools that read the daily report's markets, applied to this stock's completed bars.
- Today's call on this stock — up, down, or no call — and how many model votes stand behind it.
- All four tools one by one: cycles, historical analogue, seasonal pattern and momentum — each with its lean and its figure, and any tool that gave no read is named as such.
- Last completed close, average daily range, twenty-day range and the month band — shown when this stock has enough bars to compute them.
These are this page's items only; each plan's full list is on the pricing page.
Completed bars through 2026-10-27 · 5334 bars
Automated educational reading, not a recommendation. The decision is yours.
Frequently asked about Alijarah Holding
What is the Sharia safety margin of Alijarah Holding?
For Alijarah Holding, Sharia safety margin: 0 / 100 · Not compliant: far from the limit, or an excluded activity · Not applied: receivables · as of 2026-10-29. The Sharia safety margin, out of 100, measures how far the debt and cash ratios sit from their stated limits; the five screens are broken down on the page.
Does Alijarah Holding stock need purification?
We have not yet measured the share of this company's revenue that comes from non-permissible income, so we show no purification share and do not guess one. We do not publish a per-share amount.
Does Alijarah Holding pay dividends?
The company has paid dividends 4 years running, an annual dividend yield of 6.59% at the 2026-10-27 close. Published figures with their date, not a recommendation.
How do I work out zakat on Alijarah Holding shares?
The zakat calculator on this site gives an indicative amount from the value of the shares you hold; detailed rulings belong to scholars.
Which market lists Alijarah Holding?
Alijarah Holding is listed on Qatar Stock Exchange under the symbol NLCS.
Other Real Estate stocks on Qatar Stock Exchange
No stock by that name in this list.
Figures as of 2026-10-29.
Latest news on the company
- Alijarah Holding 9-Month Profit 11.3 Mln RiyalsReuters ·
- Alijarah Holding H1 Net Profit 11.1 Million RiyalsReuters ·
- Alijarah Holding Q1 Profit 5.2 Million RiyalsReuters ·
- Alijarah Holding Cash Dividends For H2 4%Reuters ·
- Alijarah Holding FY Profit 21.5 Million RiyalsReuters ·
News from its original sources; the reading is in your account.
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