What is American Resources Corporation's Shariah compliance score?

American Resources Corporation's (AREC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does American Resources Corporation pass AAOIFI screening?

American Resources Corporation (AREC) 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% (AREC: 0.0%), (3) interest-bearing deposits below 30% (AREC: 0.4%), and (4) prohibited income below 5% (AREC: 231.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for American Resources Corporation stock?

American Resources Corporation (AREC) has a non-permissible income ratio of 231.26%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AREC 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 American Resources Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for American Resources Corporation (AREC) 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 AREC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

AREC: Is American Resources Corporation Halal?

American Resources Corporation

NASDAQEnergyUS

$1.96

-1.51%

Market Cap: 209.7M

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is American Resources Corporation (AREC) halal? Not Halal. Based on AAOIFI screening, American Resources Corporation 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

Well clear of the limit

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

0.0% of 30.0% limit

What this means for you

Most scholars advise not holding AREC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About American Resources Corporation

American Resources Corporation focuses on the entire supply chain for metallurgical coal, from its initial extraction and refinement to its transportation, distribution, and final sale, primarily serving the steel manufacturing sector. The company also supplies other essential raw materials and offers specialized coal for pulverized coal injection (PCI) applications. Its operational footprint includes facilities in Kentucky's Pike, Knott, and Letcher Counties, as well as Wyoming County, West Virginia. Established in 2006, American Resources Corporation is based in Fishers, Indiana.

Sector: Energy · Industry: Coal

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: EDGAR

Halal Alternatives in Energy

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

0091.KLA+

Propel Global Bhd

$0.08

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Trive Property Group Bhd

$0.02

+0.00%

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BM Greentech Bhd

$1.87

+0.01%

0193.KLA+

Kinergy Advancement Bhd

$0.39

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$2.98

-0.01%

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Frequently Asked Questions

Is American Resources Corporation (AREC) halal to invest in?

American Resources Corporation (AREC) 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 American Resources Corporation get a F compliance rating?

American Resources Corporation (AREC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 0.4% (limit 30%); prohibited income of 231.26% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change American Resources Corporation's Shariah verdict?

American Resources Corporation'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 American Resources Corporation re-screened for Shariah compliance?

American Resources Corporation (AREC) 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.