What is Alta Equipment Group Inc.'s Shariah compliance score?

Alta Equipment Group Inc.'s (ALTG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Alta Equipment Group Inc. pass AAOIFI screening?

Alta Equipment Group Inc. (ALTG) 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% (ALTG: 186.1%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Alta Equipment Group Inc. 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 Alta Equipment Group Inc. (ALTG) using the latest financial data.

Where can I screen Alta Equipment Group Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Alta Equipment Group Inc. (ALTG) and 10,000+ 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 ALTG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ALTG: Is Alta Equipment Group Inc. Halal?

Alta Equipment Group Inc.

NYSEIndustrialsUS

$8.00

+4.99%

Market Cap: 260.3M

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

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%.

186.1% of 30.0% limit

What this means for you

Most scholars advise not holding ALTG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Alta Equipment Group Inc.

Alta Equipment Group Inc. (AEG) manages a comprehensive network of equipment dealerships throughout the United States. Its operations are divided into two primary divisions: Material Handling and Construction Equipment. Through its widespread branch network, the company offers sales, rentals, and comprehensive parts and service support for a diverse array of specialized machinery. This includes industrial lift trucks, elevated work platforms, earthmoving machinery, cranes, asphalt and paving equipment, and various other material handling and construction tools. Additionally, they provide ongoing repair and maintenance services for all equipment. Furthermore, AEG extends its offerings to include warehouse design and construction, as well as automated equipment installation and system integration solutions. The company caters to a broad clientele across diverse sectors, including manufacturing, food and beverage, wholesale and retail, construction, automotive, municipal and government entities, and healthcare. Established in 1984, Alta Equipment Group Inc. maintains its corporate headquarters in Livonia, Michigan.

Sector: Industrials · Industry: Rental & Leasing Services

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

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: Q2 2026Data source: FMP

Halal Alternatives in Industrials

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

ODFLA+

Old Dominion Freight Line, Inc.

$212.55

-0.85%

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$17.80

+1.37%

BUUUA+

BUUU Group Ltd

$30.08

+4.34%

FASTA+

Fastenal Company

$52.22

+3.33%

IESCA+

IES Holdings, Inc.

$642.77

+3.79%

More Industrials Stocks

GE Aerospace

A+

CAT

Caterpillar Inc.

A+

RTX

RTX Corporation

UNP

Union Pacific Corporation

HON

Honeywell International Inc.

UPS

United Parcel Service, Inc.

B+

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Frequently Asked Questions

Is Alta Equipment Group Inc. (ALTG) halal to invest in?

Alta Equipment Group Inc. (ALTG) 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 Alta Equipment Group Inc. get a F compliance rating?

Alta Equipment Group Inc. (ALTG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 186.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Alta Equipment Group Inc.'s Shariah verdict?

Alta Equipment Group Inc.'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 Alta Equipment Group Inc. re-screened for Shariah compliance?

Alta Equipment Group Inc. (ALTG) 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: Aug 12, 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.