Is BUA Foods (BUAFOODS) halal?

Halal, with purification

BUA Foods 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: BUAFOODS · Consumer goods · Screened 3 Sept 2026 · H1 2026 accounts

What BUA Foods does

BUA Foods Plc is a Nigerian food and fast-moving consumer goods business that processes, manufactures, produces and distributes food materials including sugar, flour, pasta, rice and edible oils, together with packaged foods. Operations comprise five divisions: Sugar, Flour, Pasta, Rice and Edible Oils. Products are distributed to customers across Nigeria with stated potential for expansion into West Africa. For the year ended 31 December 2025 revenue was N1.77 trillion, up from N1.53 trillion, with operating profit of N656.61 billion and profit after tax of N518.39 billion against N266.00 billion in 2024. Bakery flour at N704.7 billion, sugar at N755.6 billion combined, and pasta at N202.6 billion are the primary revenue drivers. The company has recorded compound annual revenue growth of 66.13% and ranks among Africa's fastest-growing companies.

Where the revenue comes from

Five divisions: Sugar, Flour, Pasta, Rice and Edible Oils. FY2025 revenue N1.77 trillion, led by sugar and bakery flour.

Questions about BUAFOODS

Is BUA Foods halal to invest in?

Yes, with purification. As of 3 September 2026, BUA Foods (BUAFOODS) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.

Are BUAFOODS dividends halal?

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.

How often is this verdict updated?

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.

Can this verdict change?

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.

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