Art's-Way Manufacturing Co., Inc.

ARTW: Is Art's-Way Manufacturing Co., Inc. Halal?

Art's-Way Manufacturing Co., Inc.

NASDAQIndustrialsUS

$2.68

-4.96%

Market Cap: 13.9M

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Art's-Way Manufacturing Co., Inc. (ARTW) halal? Not Halal. Based on AAOIFI screening, Art's-Way Manufacturing Co., Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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%.

17.4% of 30.0% limit

What this means for you

Most scholars advise not holding ARTW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Art's-Way Manufacturing Co., Inc.

Art's-Way Manufacturing Co., Inc. manufactures and sells agricultural equipment, and specialized modular science and agricultural buildings in the United States and internationally. It operates through two segments, Agricultural Products and Modular Buildings. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts. Its Modular Buildings segment produces, sells, and leases swine buildings, complex containment research laboratories, and research facilities for academic research institutions, government research and diagnostic centers, public health institutions, and private research and pharmaceutical companies. This segment also designs, manufactures, delivers, installs, and rents building units. It markets and sells its products through independent farm equipment dealers, and OEM sales channels. Art's-Way Manufacturing Co., Inc. was founded in 1956 and is headquartered in Armstrong, Iowa.

Sector: Industrials · Industry: Agricultural - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

Business Activity Screen

Failed

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

  • Prohibited activity detected: swine

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:

Old Dominion Freight Line, Inc.
ODFLA+

Old Dominion Freight Line, Inc.

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Phoenix Asia Holdings Limited Ordinary Shares
PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$17.80

+1.37%

BUUU Group Ltd
BUUUA+

BUUU Group Ltd

$30.08

+4.34%

Fastenal Company
FASTA+

Fastenal Company

$52.22

+3.33%

IES Holdings, Inc.
IESCA+

IES Holdings, Inc.

$642.77

+3.79%

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Frequently Asked Questions

Is Art's-Way Manufacturing Co., Inc. (ARTW) halal to invest in?
Art's-Way Manufacturing Co., Inc. (ARTW) 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 Art's-Way Manufacturing Co., Inc. get a F compliance rating?
Art's-Way Manufacturing Co., Inc. (ARTW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 17.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Art's-Way Manufacturing Co., Inc.'s Shariah verdict?
Art's-Way Manufacturing Co., 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 Art's-Way Manufacturing Co., Inc. re-screened for Shariah compliance?
Art's-Way Manufacturing Co., Inc. (ARTW) 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.