Halal Steel stocks
There are 21 listed US companies in Steel: 9 of them (43%) pass AAOIFI screening, 10 are not halal, 0 are doubtful and 2 lack enough data. The industry belongs to the Basic materials sector.
Companies in this industry — screening result
- Halal9 · 43%
- Not halal10 · 48%
- Doubtful0 · 0%
- Not enough data2 · 10%
21 listed companies in total
Not halal — by reason
10 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.
- Interest-bearing debt ≥ 30% (of market cap)7 · 70%
- Cash & investments ≥ 30%4 · 40%
- Interest (non-compliant) income ≥ 5%1 · 10%
This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology
Largest halal stocks — Steel
The 9 largest by market cap. Open any row for the full stock page — ratios, formula and date.
| # | Company | Market cap | Price | Debt | Cash | Interest income |
|---|---|---|---|---|---|---|
| 1 | $57.61B | 256.29 | 19.3 | 7.3 | 0.3 | |
| 2 | $34.41B | 240.54 | 19.1 | 2.6 | — | |
| 3 | $20.56B | 411.17 | 12.7 | 1.5 | 0.0 | |
| 4 | $1.92B | 39.68 | 15.2 | 11.9 | — | |
| 5 | $942.8M | 97.61 | 1.8 | 3.5 | — | |
| 6 | $853.8M | 20.56 | 0.3 | 14.6 | 0.6 | |
| 7 | $213.0M | 3 | 20.6 | 3.2 | — | |
| 8 | $103.2M | 1.62 | 15.2 | 0.2 | 0.0 | |
| 9 | $78.3M | 3.82 | 8.6 | 6.9 | — |
Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.
See the whole market in the screener
The public page is a sample. The screener filters by industry, sector and halal status: sort every Steel stock by 40+ metrics (P/E, margins, growth, technicals).
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Parent sector
All halal stocks in Basic materialsOther industries in Basic materials
Frequently asked questions
- Which Steel stocks are halal?
- According to our AAOIFI-based screening, 9 of 21 listed Steel companies are halal. The largest by market cap: Nucor Corporation (NUE), Steel Dynamics, Inc. (STLD), Reliance, Inc. (RS), Worthington Steel, Inc. (WS), NWPX Infrastructure, Inc. (NWPX). Each company's ratios are on its stock page.
- Why are some Steel companies not halal?
- 10 companies in this industry are currently not halal. Reasons (one company can fail for several): Interest-bearing debt ≥ 30% (of market cap) — 7; Cash & investments ≥ 30% — 4; Interest (non-compliant) income ≥ 5% — 1.
- Which sector does Steel belong to?
- Steel is an industry within the Basic materials sector. Other industries there with a halal list: Gold, Specialty Chemicals, Other Industrial Metals & Mining, Building Materials, Other Precious Metals & Mining, Copper, Lumber & Wood Production.
- Is this a fatwa or investment advice?
- No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
- How often are the results updated?
- Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.
Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.