Is STLD halal?
Steel Dynamics, Inc.
Halal
Steel Dynamics, 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
240.76
Day
-0.89%
Market cap
$34.41B
Industry
Steel
Sector
Basic Materials
What the company does
Steel Dynamics is a US steelmaker producing sheet and structural steel from scrap in electric-arc furnaces, with metals recycling (OmniSource) and a new aluminium mill. 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 $4.18B ÷ 36-month average market cap $21.94B = 19.1%
19.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $567.71M ÷ 36-month average market cap $21.94B = 2.6%
2.6%
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: $34.41B.
For information (AAOIFI 3/1 note): cash + receivables are 17.6% 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
- 0.05% weight · #301 of 503
- Among halal stocks
- 0.05% · #208 of 1454
- Held by funds
- SPUS 0.08% · HLAL 0.08%
- Dividend
- 0.86% · no purification data
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.