Halal, with purification
BUA Cement passes the business-activity screen and the financial screens under the AAOIFI Standard. Because a share of its income is non-permissible, the matching portion of any dividend you receive should be given away.
NGX: BUACEMENT · Industrial goods · Screened 3 Sept 2026 · H1 2026 accounts
BUA Cement Plc manufactures and distributes cement in Nigeria from production locations in Sokoto State and Edo State. The Sokoto plant runs five production lines with combined capacity of 8.5 million metric tonnes per annum, and the Obu plant in Edo State runs three lines with 9 mmtpa. The company is building a three mmtpa greenfield plant at Ososo in Edo State, expected to begin operations by December 2027, and a brownfield expansion of similar capacity in Sokoto State targeted for December 2028. Net revenue rose 34.6% to N1.2 trillion in 2025, with profit after tax up 381.7% to N356 billion and EBITDA margin expanding to 46.6%.
Single line of business, cement manufacture and sale, reported by plant location. FY2025 net revenue N1.2 trillion against N876.5 billion in 2024.
Yes, with purification. As of 3 September 2026, BUA Cement (BUACEMENT) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.
The dividend is permissible to receive once purified. Qistal publishes the purification rate for the current accounts period inside your compliance report, so you can work out the exact amount to give away.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.