What is Forafric Global PLC's Shariah compliance score?

Forafric Global PLC (AFRI) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Forafric Global PLC pass AAOIFI screening?

Forafric Global PLC (AFRI) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. AFRI's debt-to-market-cap is 53.3%.

How much purification is needed for Forafric Global PLC?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Forafric Global PLC (AFRI) using the latest financial data.

Where can I screen Forafric Global PLC for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Forafric Global PLC (AFRI) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

AFRINot HalalF

Unlock full report, free

AFRI: Is Forafric Global PLC Halal?

Forafric Global PLC

NASDAQConsumer DefensiveGI

$10.97

Market Cap: 295.8M

Compliance Status

Not Halal

Screened on Sep 25, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Forafric Global PLC (AFRI) halal? Not Halal. Based on AAOIFI screening, Forafric Global PLC passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Forafric Global PLC (AFRI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 25, 2026. Source: https://halalscreener.app/en/stock/AFRI

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

53.3% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding AFRI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Get an email if AFRI's halal status changes

We re-screen Forafric Global PLC daily. If the verdict moves, you hear about it the same day.

Free. One click sets it up, and you can unsubscribe any time.

About Forafric Global PLC

Forafric Global PLC, with its headquarters in Gibraltar, operates as a significant enterprise within the agricultural sector, focusing its activities across Morocco and Sub-Saharan Africa. The company's operations encompass the entire supply chain for agricultural commodities and their derivatives, including sourcing, warehousing, logistics, transformation, and distribution. Its product portfolio features essential items like flour and semolina, alongside manufactured goods such as pasta and couscous, marketed under its recognized Tria and MayMouna labels. Forafric primarily caters to wholesale food producers and distributors, also extending its market reach through exports to approximately 45 nations worldwide.

Sector: Consumer Defensive · Industry: Agricultural Farm Products

Why this does not pass

Interest-bearing debt is 53.3% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 25, 2026

See which ratio caused the failure.

See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.

Free for 7 days. Cancel anytime.

AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why AFRI is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Defensive

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

0365.KLA+

A1 A.K. Koh Group Berhad

$0.15

+0.04%

0378.KLA+

Farmiera Berhad

$0.21

-0.11%

2135.KLA+

Gopeng Berhad

$0.76

+0.00%

7439.KLA+

Teck Guan Perdana Berhad

$1.95

-0.01%

KVUEA+

Kenvue Inc.

$17.80

+1.08%

More Consumer Defensive Stocks

The Procter & Gamble Company

A+

The Coca-Cola Company

WMT

Walmart Inc.

PEP

PepsiCo, Inc.

COST

Costco Wholesale Corporation

B+

Philip Morris International Inc.

Free · No credit card required

Track AFRI and 8,200+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

8,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Forafric Global PLC (AFRI) halal to invest in?

Forafric Global PLC (AFRI) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Forafric Global PLC get a F compliance rating?

Forafric Global PLC (AFRI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 53.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Forafric Global PLC's Shariah verdict?

Forafric Global PLC'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 Forafric Global PLC re-screened for Shariah compliance?

Forafric Global PLC (AFRI) 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: Sep 25, 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.