What is Alcoa Corporation's Shariah compliance score?

Alcoa Corporation (AA) has a Shariah compliance score of 73/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Alcoa Corporation pass AAOIFI screening?

Alcoa Corporation (AA) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (AA: 19.8%), (3) interest-bearing deposits below 30% (AA: 12.4%), and (4) prohibited income below 5% (AA: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Alcoa Corporation stock?

Alcoa Corporation (AA) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AA shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Alcoa Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Alcoa Corporation (AA) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about AA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

AA: Is Alcoa Corporation Halal?

Alcoa Corporation

NYSEBasic MaterialsUS

$48.72

+0.08%

Market Cap: 12.9B

Compliance Status

Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

B+

Good

73Score

Is Alcoa Corporation (AA) halal? Halal. Based on AAOIFI screening, Alcoa Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 73/100 (Grade: B+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

19.8% of 30.0% limit

What this means for you

You can own AA

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About Alcoa Corporation

Alcoa Corporation stands as a global industrial leader, primarily focused on the production and sale of bauxite, alumina, and aluminum products. Its extensive operations span multiple continents, including North America (United States, Canada), Europe (Spain, Iceland, Norway), South America (Brazil), and Australia, along with other international markets. The company's activities are strategically divided into three principal segments: Bauxite, Alumina, and Aluminum. Alcoa initiates its process with bauxite mining. This raw material is then refined into alumina, which is subsequently sold to customers for conversion into various industrial chemical products. Additionally, the company is involved in aluminum smelting and casting, supplying primary aluminum in forms like alloy or value-added ingots. These aluminum products cater to a diverse range of industries, including transportation, building and construction, packaging, wire manufacturing, and other industrial applications. Beyond its core metals business, Alcoa also operates hydroelectric power generation facilities. These plants generate and sell electricity into the wholesale market, serving a wide array of clients, from traders and large industrial consumers to distribution companies and other power generators. Founded in 1888, the company is headquartered in Pittsburgh, Pennsylvania. It officially adopted the name Alcoa Corporation in October 2016, prior to which it was known as Alcoa Upstream Corporation.

Sector: Basic Materials · Industry: Aluminum

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Alcoa Corporation (AA) halal to invest in?

Based on AAOIFI Standard 21 screening, Alcoa Corporation (AA) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Alcoa Corporation get a B+ compliance rating?

Alcoa Corporation (AA) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 19.8% (limit 30%); interest-bearing deposits of 12.4% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Alcoa Corporation's Shariah verdict?

Alcoa Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Alcoa Corporation re-screened for Shariah compliance?

Alcoa Corporation (AA) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 14, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.