What is Almonty Industries Inc. Common Shares's Shariah compliance score?

Almonty Industries Inc. Common Shares (ALM) has a Shariah compliance score of 95/100 (Grade: A+, Excellent) 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 Almonty Industries Inc. Common Shares pass AAOIFI screening?

Almonty Industries Inc. Common Shares (ALM) 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% (ALM: 2.3%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Almonty Industries Inc. Common Shares stock?

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 exact percentage and amount for Almonty Industries Inc. Common Shares (ALM) using the latest financial data.

Where can I screen Almonty Industries Inc. Common Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Almonty Industries Inc. Common Shares (ALM) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ALM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ALM: Is Almonty Industries Inc. Common Shares Halal?

Almonty Industries Inc. Common Shares

NASDAQBasic MaterialsCA

$15.97

-2.92%

Market Cap: 4.5B

Compliance Status

Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

A+

Excellent

95Score

Is Almonty Industries Inc. Common Shares (ALM) halal? Halal. Based on AAOIFI screening, Almonty Industries Inc. Common Shares passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 95/100 (Grade: A+).

Quote this verdict

HalalScreener rates Almonty Industries Inc. Common Shares (ALM) Halal, 95/100, grade A+ under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/ALM

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

2.3% of 30.0% limit

What this means for you

You can own ALM

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

Purification amount is Pro

We have screened ALM's prohibited income, but the exact share you would need to purify is part of Pro.

About Almonty Industries Inc. Common Shares

Almonty Industries Inc. specializes in the extraction, refinement, and transportation of tungsten concentrate. The firm also undertakes exploration for both tin and tungsten deposits. Its operational assets include a range of projects and mines situated in Spain, Portugal, and the Republic of Korea. The company's principal office is located in Toronto, Canada.

Sector: Basic Materials · Industry: Other Precious Metals

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

Halalnow
since Aug 2026
Under Review
until the change above
Halal
until the change above
Under Review
until the change above

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Almonty Industries Inc. Common Shares (ALM) halal to invest in?

Based on AAOIFI Standard 21 screening, Almonty Industries Inc. Common Shares (ALM) is rated Halal with a compliance grade of A+ (Excellent). 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 Almonty Industries Inc. Common Shares get a A+ compliance rating?

Almonty Industries Inc. Common Shares (ALM) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Almonty Industries Inc. Common Shares's Shariah verdict?

Almonty Industries Inc. Common Shares'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 Almonty Industries Inc. Common Shares re-screened for Shariah compliance?

Almonty Industries Inc. Common Shares (ALM) 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 1, 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.