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

Almonty Industries Inc. Common Shares (ALM) has a Shariah compliance score of 50/100 (Grade: C+, Fair) 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) does not pass 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: 0.0%), (3) interest-bearing deposits below 30% (ALM: 0.0%), and (4) prohibited income below 5% (ALM: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

Almonty Industries Inc. Common Shares (ALM) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ALM 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 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 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 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

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 Jul 20, 2026

Basket Composition

0% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

Compliance History

Under Review, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

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

Almonty Industries Inc. Common Shares (ALM) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Almonty Industries Inc. Common Shares get a C+ compliance rating?

Almonty Industries Inc. Common Shares's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

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

Almonty Industries Inc. Common Shares's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

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: Jul 20, 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.