Is BOOM halal?
DMC Global Inc.
Halal
DMC Global Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
5.33
Day
+1.72%
Market cap
$108.7M
Industry
Conglomerates
Sector
Industrials
What the company does
DMC Global has three industrial businesses: Arcadia (architectural windows and doors for buildings), DynaEnergetics (perforating charges used to open oil wells — industrial explosives, not weapons) and NobelClad (explosion-welded metal plates).
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 $59.06M ÷ 36-month average market cap $211.51M = 27.9%
27.9%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $28.55M ÷ 36-month average market cap $211.51M = 13.5%
13.5%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), 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: $108.66M.
For information (AAOIFI 3/1 note): cash + receivables are 20.1% of total assets (2026-06-30). 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% · #1180 of 1454
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 16 July 2026. Conclusion:
DynaEnergetics — neft-quduq perforatsiyasi uchun SANOAT portlovchisi (harbiy qurol EMAS); NobelClad/Arcadia metall/qurilish. Chegaraga yaqinlik moliyaviy, biznes emas
Halal stocks in the same industry
The largest halal stocks in Conglomerates — 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.