Is Cleveland-Cliffs Inc. (CLF) halal? Not Halal. Based on AAOIFI screening, Cleveland-Cliffs Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Cleveland-Cliffs Inc. logo

CLF — Is Cleveland-Cliffs Inc. Halal?

Not Halal

Cleveland-Cliffs Inc.

NYSEBasic MaterialsUS

$14.75

+8.62%

About Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.

Sector: Basic Materials · Industry: Steel

Shariah Compliance Status

Based on AAOIFI screening standards

F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap86.2% / 30.0%

Compliance History

Not Halal — unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 3, 2026Fiscal: 2026-2026-Q1Source: FMP

Financial Overview

Market Cap

8.4B

Price

$14.75

Sector

Basic Materials

Industry

Steel

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

Critical Metals Corp.
CRMLA+

Critical Metals Corp.

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NWPX Infrastructure, Inc.
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NWPX Infrastructure, Inc.

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Gold Royalty Corp.
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Gold Royalty Corp.

$3.22

-1.44%

Royal Gold, Inc.
RGLDA+

Royal Gold, Inc.

$219.58

+0.79%

Coeur Mining, Inc.
CDEA+

Coeur Mining, Inc.

$19.19

-0.67%

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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.