Stora Enso Oyj

SEOAY

Compliant
Exchange
Sector
Headquarters
Group
OTC
Basic Materials
Finland
Mid cap

Stora Enso Oyj is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.099

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
BUY
$12.92724
$11.10
$14.75
2
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
11.00%
5.53%
-1.50%
0.72
1.12
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
72.16%
✗
Non-Compliant Assets
1.54%
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
67.43%
✗
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
70.61%
✗
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
28.61%
✓
Cash
8.59%
✓
Cash & AR
13.69%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
28.61%
✓
Cash
8.59%
✓
Cash & AR
13.69%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Stora Enso Oyj is a Finland-based provider of renewable solutions in packaging, biomaterials, wooden construction and paper industries. The Company has six divisions: the Packaging Materials division provides renewable packaging materials based on both virgin and recycled fiber, the Packaging Solutions division develops and sells premium fiber-based packaging products and services; the Biomaterials division offers a variety of pulp grades to the paper, board, tissue, textile and hygiene product producers; the Wood Products division is a sawn wood producer and a provider of wood-based solutions to the construction industry; the Forest division manages Stora Enso’s forest assets in Sweden and is responsible for wood sourcing for Stora Enso’s Nordic, Baltic and Russian operations and the Paper division, that provides paper products made from recycled and virgin fiber. Stora Enso Oyj operates worldwide.

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