Compliance Status

Halal

Screened on Oct 19, 2026 · AAOIFI Standard 21

A

Very Good

82Score

Is Alliance Resource Partners, L.P. (ARLP) halal? Halal. Based on AAOIFI screening, Alliance Resource Partners, L.P. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

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HalalScreener rates Alliance Resource Partners, L.P. (ARLP) Halal, 82/100, grade A under AAOIFI Standard 21, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/ARLP

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

17.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own ARLP

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

Purification amount is Pro

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

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Alliance Resource Partners, L.P.

ARLP: Is Alliance Resource Partners, L.P. Halal?

Alliance Resource Partners, L.P.

NASDAQEnergyUS

$25.75

+2.22%

Market Cap: 3.3B

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About Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. (ARLP) operates as a diversified natural resource enterprise, with a primary focus on extracting and supplying coal to utility companies and industrial customers across the United States. The company's business activities are categorized into four main segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. ARLP's coal production encompasses a variety of thermal and metallurgical grades, each with distinct sulfur and heat content characteristics. The firm manages seven underground mining complexes situated across six states: Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition to its mining operations, ARLP leases land, manages a coal loading facility on the Ohio River at Mt. Vernon, Indiana, and engages in the buying and reselling of coal. Further diversifying its portfolio, the company holds mineral and royalty stakes in approximately 1.5 million gross acres of land within key oil and gas producing regions, prominently the Permian, Anadarko, and Williston Basins. Beyond its core resource activities, ARLP also offers an array of mining technology solutions, including data network and communication systems, personnel tracking, proximity detection, industrial collision avoidance, and specialized data and analytics software. As of December 31, 2021, the company's substantial coal reserves included an estimated 547.1 million tons of proven and probable mineral reserves, complemented by 1.17 billion tons of measured, indicated, and inferred coal resources, all located within its operational states of Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. Founded in 1971, Alliance Resource Partners, L.P. is headquartered in Tulsa, Oklahoma.

Sector: Energy · Industry: Coal

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 19, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Alliance Resource Partners, L.P. (ARLP) halal to invest in?
Based on AAOIFI Standard 21 screening, Alliance Resource Partners, L.P. (ARLP) is rated Halal with a compliance grade of A (Very Good). 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 Alliance Resource Partners, L.P. get a A compliance rating?
Alliance Resource Partners, L.P. (ARLP) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 17.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Alliance Resource Partners, L.P.'s Shariah verdict?
Alliance Resource Partners, L.P.'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 Alliance Resource Partners, L.P. re-screened for Shariah compliance?
Alliance Resource Partners, L.P. (ARLP) 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: Oct 19, 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.