Is CRS halal?
Carpenter Technology Corporatio
Halal
Carpenter Technology Corporatio 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
377.09
Day
-0.91%
Market cap
$18.90B
Industry
Metal Fabrication
Sector
Industrials
What the company does
Carpenter Technology makes specialty alloys (nickel, titanium, stainless) for jet engines, medical implants and energy; aerospace is more than half of revenue. Its money comes from alloy 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 $690.70M ÷ 36-month average market cap $11.79B = 5.9%
5.9%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $393.30M ÷ 36-month average market cap $11.79B = 3.3%
3.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $8.80M ÷ annual revenue $3.12B (2026) = 0.3%
0.3%
Pass
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: $18.90B.
For information (AAOIFI 3/1 note): cash + receivables are 28.5% 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
- 0.03% · #290 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.21% · purify 0.3% · net 0.21%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $616.84
- Stephen MandelLone Pine Capital$593.9M3.6%
- Daniel LoebThird Point$132.6M2.9%
- Polen Capital Management$4.2M0.0%
Exited this quarter: John Armitage
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Metal Fabrication — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
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.