Is ALG halal?
Alamo Group, Inc.
Halal
Alamo Group, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
152.62
Day
-0.63%
Market cap
$1.88B
Industry
Farm & Heavy Construction Machinery
Sector
Industrials
What the company does
Alamo Group makes infrastructure-maintenance equipment (roadside mowers, snow removal, street sweepers, sewer trucks) and agricultural machinery. Its money comes from equipment sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $290.47M ÷ 36-month average market cap $2.29B = 12.7%
12.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $195.23M ÷ 36-month average market cap $2.29B = 8.5%
8.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $5.57M ÷ annual revenue $1.60B (2025) = 0.3%
0.3%
Pass
Figures from the company's filings (2026-03-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $1.88B.
For information (AAOIFI 3/1 note): cash + receivables are 31.4% of total assets (2026-03-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #783 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.82% · purify 0.3% · net 0.82%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $164.49
- Third Avenue Management$7.0M1.1%
Halal stocks in the same industry
The largest halal stocks in Farm & Heavy Construction Machinery — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.