What is Alto Ingredients, Inc.'s Shariah compliance score?

Alto Ingredients, Inc. (ALTO) 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 Alto Ingredients, Inc. pass AAOIFI screening?

Alto Ingredients, Inc. (ALTO) 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%. ALTO's debt-to-market-cap is 20.0%.

How much purification is needed for Alto Ingredients, Inc.?

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 Alto Ingredients, Inc. (ALTO) using the latest financial data.

Where can I screen Alto Ingredients, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Alto Ingredients, Inc. (ALTO) 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.

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Is Alto Ingredients (ALTO) Stock Halal?

Compliance Status

Not Halal

Screened on Nov 7, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Alto Ingredients, Inc. (ALTO) halal? Not Halal. Based on AAOIFI screening, Alto Ingredients, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Alto Ingredients, Inc. (ALTO) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Nov 7, 2026. Source: https://halalscreener.app/en/stock/ALTO

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Within the limit

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

20.0% 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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ALTO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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ALTO

Alto Ingredients, Inc.

NASDAQBasic MaterialsUS

$3.84

Market Cap: 297.9M

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About Alto Ingredients, Inc.

Alto Ingredients, Inc., operating within the United States, specializes in the production and commercialization of both specialty alcohols and various essential ingredients. Its operations are structured into three distinct segments: Marketing and Distribution, Pekin Production, and Other Production. The company's diverse product portfolio includes a range of specialty alcohols, which find applications across the health, home, and beauty sectors. These alcohols are key components in products such as mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and various cleaning solutions. Additionally, Alto Ingredients supplies grain neutral spirits, vital for alcoholic beverages, flavor extracts, and vinegar production. It also provides corn germ for corn oil manufacturing and carbon dioxide, primarily serving the food and beverage industries. Its essential ingredients segment encompasses a variety of products critical for commercial animal feed and pet food formulations, including dried yeast, corn gluten meal, corn gluten feed, distillers grains, and liquid feed. Furthermore, the company is a supplier of fuel-grade ethanol, primarily utilized as a transportation fuel, and distillers corn oil, which serves as a feedstock for biodiesel production. Notably, some of the fuel-grade ethanol it offers is sourced from third-party producers. Beyond manufacturing, Alto Ingredients facilitates transportation, storage, and delivery services for its products, leveraging a network of third-party service providers. Its diverse customer base includes integrated oil companies and gasoline marketers for its ethanol products; dairies and feedlots for essential ingredient feedstuffs; and poultry and biodiesel manufacturers for its corn oil. The company boasts five alcohol production facilities: three strategically located in the Midwestern state of Illinois, and two further west in Oregon and Idaho. Headquartered in Pekin, Illinois, Alto Ingredients, Inc. was established in 2003. The company underwent a significant rebranding in January 2021, changing its name from its former identity, Pacific Ethanol, Inc.

Sector: Basic Materials · Industry: Chemicals - Specialty

Why this does not pass

Business activity: the company earns from an activity AAOIFI treats as prohibited.

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 Nov 7, 2026

AI Compliance InsightProSee plans

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited activity detected: alcohol
Prohibited activity detected: spirits

Revenue BreakdownProSee plans

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: Q3 2026Data source: EDGAR

Halal Alternatives in Basic Materials

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

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Frequently Asked Questions

Is Alto Ingredients, Inc. (ALTO) halal to invest in?

Alto Ingredients, Inc. (ALTO) 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 Alto Ingredients, Inc. get a F compliance rating?

Alto Ingredients, Inc. (ALTO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 20.0% (limit 30%); interest-bearing deposits well clear of the 30% limit; prohibited income over the 5% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Alto Ingredients, Inc.'s Shariah verdict?

Alto Ingredients, Inc.'s verdict is recalculated at every re-screen, including the one that follows each new quarterly or annual report. 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 Alto Ingredients, Inc. re-screened for Shariah compliance?

Alto Ingredients, Inc. (ALTO) is screened from the latest financial statements on record, currently those for fiscal Q3 2026. The 500 largest US-listed companies, and every stock on a HalalScreener watchlist or portfolio, are re-screened daily against the current market cap; every other stock at least once a week. When the company files a new quarterly or annual report with the SEC, it is re-screened from that filing: we check the SEC's filing feed every 15 minutes and the earnings calendar every day. Last screened: Nov 7, 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.