Braskem S.A.

BAK: Is Braskem S.A. Halal?

Braskem S.A.

NYSEBasic MaterialsBR

$4.04

-1.46%

Market Cap: 1.6B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

7451.1% of 30.0% limit

What this means for you

Most scholars advise not holding BAK

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Braskem S.A.

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells chemicals, including ethylene, polymer and chemical grade propylene, butadiene, butene-1, benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. This segment also produces and sells polyethylene (PE) and polypropylene (PP); supplies electricity and other inputs to second-generation producers; produces and sells of PE, including the production of green PE from renewable resources; and produces and sells polyvinyl chloride and caustic soda. The United States and Europe segment produces and sells PP in the United States and Germany. The Mexico segment produces and sells ethylene, high-density PE, and low-density PE in Mexico. It also manufactures, sells, imports, and exports chemicals, petrochemicals, and fules; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in Camaçari, Brazil.

Sector: Basic Materials · Industry: Chemicals

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 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: FMP

Halal Alternatives in Basic Materials

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

NWPX Infrastructure, Inc.
NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

Critical Metals Corp.
CRMLA+

Critical Metals Corp.

$10.15

+0.79%

Gold Royalty Corp.
GROYA+

Gold Royalty Corp.

$3.22

-1.44%

Idaho Strategic Resources, Inc.
IDRA+

Idaho Strategic Resources, Inc.

$35.44

-1.80%

Hecla Mining Company
HLA+

Hecla Mining Company

$15.40

-0.90%

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DOW

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Frequently Asked Questions

Is Braskem S.A. (BAK) halal to invest in?
Braskem S.A. (BAK) 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 Braskem S.A. get a F compliance rating?
Braskem S.A. (BAK) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 7451.1% (limit 30%); interest-bearing deposits of 1236.7% (limit 30%); prohibited income of 1.03% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Braskem S.A.'s Shariah verdict?
Braskem S.A.'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 Braskem S.A. re-screened for Shariah compliance?
Braskem S.A. (BAK) 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 16, 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.