Halal, with purification
Okomu Oil Palm 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: OKOMUOIL · Agriculture · Screened 3 Sept 2026 · H1 2026 accounts
The Okomu Oil Palm Company Plc cultivates oil palm and rubber in Edo State and processes both crops. Fresh fruit bunches are milled into crude palm oil for the Nigerian domestic market, while rubber lumps are processed into rubber cake for export to international markets. The company was founded in 1976 and is headquartered in Benin City, Edo State, operating as a subsidiary of Socfinaf S.A. It celebrated its 50th anniversary in 2026, having grown from a federal initiative into a commercially run business.
Revenue rose 52% to N198.15 billion in 2025, with profit before tax up 69% to N90.65 billion and profit after tax of N57.95 billion. Revenue from palm products alone reached N172.6 billion. Operational yields were 16.68 tonnes per hectare for oil palm and 1.78 tonnes per hectare for rubber. The company completed Roundtable on Sustainable Palm Oil recertification audits and assessed its rubber operations against the European Union Deforestation Regulation, and invested N702.2 million in community projects across 29 host communities.
Two product lines, palm and rubber. FY2025 revenue N198.15 billion, of which palm products contributed N172.6 billion; gross profit from rubber rose from N14.6 billion to N17.6 billion.
Yes, with purification. As of 3 September 2026, Okomu Oil Palm (OKOMUOIL) 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.