Is NUE halal?
Nucor Corporation
Halal
Nucor Corporation 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
256.29
Day
+0.63%
Market cap
$57.61B
Industry
Steel
Sector
Basic Materials
What the company does
Nucor is the largest US steelmaker, melting scrap in electric-arc furnaces into rebar, beams and sheet, plus finished steel products for construction. Its money comes from steel 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 $7.10B ÷ 36-month average market cap $36.84B = 19.3%
19.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $2.69B ÷ 36-month average market cap $36.84B = 7.3%
7.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $111.00M ÷ annual revenue $32.49B (2025) = 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: $57.61B.
For information (AAOIFI 3/1 note): cash + receivables are 18.2% 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
- 0.09% weight · #197 of 503
- Among halal stocks
- 0.08% · #145 of 1455
- Held by funds
- SPUS 0.16% · HLAL 0.15%
- Dividend
- 0.88% · purify 0.3% · net 0.88%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $222.76
- Warren BuffettBerkshire Hathaway$413.8M0.1%
- David KatzMatrix Asset Advisors$248K0.0%
- Dodge & Cox Funds$1.4M0.0%
Halal stocks in the same industry
The largest halal stocks in Steel — 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.