AWXNot HalalF
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Is Avalon Holdings (AWX) Stock Halal?

Compliance Status

Not Halal

Screened on Nov 11, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Avalon Holdings Corporation (AWX) halal? Not Halal. Based on AAOIFI screening, Avalon Holdings Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Avalon Holdings Corporation (AWX) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Nov 11, 2026. Source: https://halalscreener.app/en/stock/AWX

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%.

256.4% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding AWX

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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Avalon Holdings Corporation

AWX

Avalon Holdings Corporation

AMEXIndustrialsUS

$2.80

Market Cap: 10.9M

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About Avalon Holdings Corporation

Avalon Holdings Corporation (AWX) is an American company specializing in environmental services for a diverse client base spanning industrial, commercial, municipal, and government sectors. The company's operations are divided into two primary divisions: Waste Management Services, and Golf and Related Operations. Within its Waste Management Services segment, the company facilitates the brokerage and management of both hazardous and non-hazardous waste disposal. This includes overseeing captive landfill operations and engaging in saltwater injection well activities. Additionally, this division delivers comprehensive turnkey solutions encompassing daily operational oversight, facility management, and detailed reporting, alongside the sale of construction mats. The Golf and Related Operations segment is responsible for the operation and management of four golf courses, complete with their clubhouses, in addition to a hotel and a travel agency. These golf and country club venues offer a wide array of amenities, such as swimming pools, fitness centers, tennis courts, dining options, banquet and conference spaces, and spa treatments. Furthermore, the company owns and operates The Grand Resort, a hotel that boasts an extensive suite of facilities, including accommodations, indoor and outdoor swimming pools, a bathhouse, fitness center, restaurants, bars, a cigar lounge, a salon and spa, banquet and conference facilities, and an adjacent tennis center. Established in 1998, Avalon Holdings Corporation maintains its corporate headquarters in Warren, Ohio.

Sector: Industrials · Industry: Waste Management

Why this does not pass

  • Interest-bearing debt is 256.4% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

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 11, 2026
AI Compliance InsightProSee plans
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
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Frequently Asked Questions

Is Avalon Holdings Corporation (AWX) halal to invest in?
Avalon Holdings Corporation (AWX) 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 Avalon Holdings Corporation get a F compliance rating?
Avalon Holdings Corporation (AWX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 256.4% (limit 30%); interest-bearing deposits over the 30% limit; prohibited income well clear of the 5% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Avalon Holdings Corporation's Shariah verdict?
Avalon Holdings Corporation'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 Avalon Holdings Corporation re-screened for Shariah compliance?
Avalon Holdings Corporation (AWX) 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 11, 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.