Halal Materials Stocks
Companies involved in mining, metals, chemicals, and raw materials. The materials sector deals with tangible assets, which aligns well with Islamic finance principles. Gold and silver mining stocks are of particular interest given the importance of precious metals in Islamic wealth preservation.
15
Compliant
4
Non-Compliant
1
Needs Review
Materials Shariah Compliance Results
20 stocks screened against AAOIFI 30/30/5 standards.
| Symbol | Company | Status |
|---|---|---|
| LIN | Linde plc | Compliant |
| APD | Air Products and Chemicals, Inc. | Compliant |
| SHW | The Sherwin-Williams Company | Compliant |
| ECL | Ecolab Inc. | Compliant |
| NEM | Newmont Corporation | Compliant |
| FCX | Freeport-McMoRan Inc. | Compliant |
| NUE | Nucor Corporation | Compliant |
| DD | DuPont de Nemours, Inc. | Compliant |
| DOW | Dow Inc. | Non-Compliant |
| PPG | PPG Industries, Inc. | Compliant |
| VMC | Vulcan Materials Company | Compliant |
| MLM | Martin Marietta Materials, Inc. | Compliant |
| GOLD | Gold.com, Inc. | Non-Compliant |
| RIO.L | Rio Tinto Group | Compliant |
| BHP.L | BHP Group Limited | Compliant |
| AAL.L | Anglo American plc | Non-Compliant |
| ABX.TO | Barrick Mining Corporation | Compliant |
| VALE | Vale S.A. | Non-Compliant |
| SCCO | Southern Copper Corporation | Compliant |
| X | X | Needs Review |
Frequently Asked Questions
Which Materials stocks are halal?
Based on AAOIFI 30/30/5 screening, 15 out of 20 screened Materials stocks are currently Shariah compliant. Compliance status is updated regularly as new financial data becomes available. Use the table above to see the full breakdown of compliant, non-compliant, and needs-review stocks.
Is the Materials sector halal to invest in?
The Materials & Mining sector is not inherently halal or haram as a whole. Each company must be individually screened against Shariah compliance standards. Some Materials companies pass all AAOIFI criteria while others fail due to excessive debt, cash holdings, or non-permissible income. Always screen individual stocks before investing.
What is the AAOIFI 30/30/5 screening standard?
The AAOIFI 30/30/5 standard is the most widely adopted Shariah screening methodology. It requires: (1) the company does not primarily operate in haram industries, (2) interest-bearing debt is below 30% of market capitalization, (3) cash and interest-bearing securities are below 30% of market cap, and (4) non-permissible income is below 5% of total revenue. A stock must pass all four criteria to be considered Shariah compliant.
Can a Materials stock's halal status change?
Yes. Shariah compliance status can change every quarter when companies release new financial data. Changes in debt levels, cash holdings, or revenue composition can push a stock above or below the AAOIFI thresholds. Halalytic uses the latest available financial data so you always see the current compliance status. We recommend checking compliance regularly, especially after earnings reports.
Do I need to pay zakat on Materials stocks?
Yes. If you hold stocks for investment (not just for day trading), you must pay zakat of 2.5% on the market value of your holdings once they exceed the nisab threshold and have been held for one full lunar year (hawl). Use the Halalytic Zakat Calculator to determine your exact zakat obligation on stock holdings.
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Disclaimer: Compliance status changes over time. Always verify current data. Automated screening is a helpful tool but does not replace scholarly review. Cross-reference results with qualified Shariah advisors.
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