What is Elmet Group Co.'s Shariah compliance score?

Elmet Group Co. (ELMT) has a Shariah compliance score of 98/100 (Grade: A+, Excellent). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Elmet Group Co. pass AAOIFI screening?

Elmet Group Co. (ELMT) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ELMT's debt-to-market-cap is 1.6%.

How much purification is needed for Elmet Group Co.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Elmet Group Co. (ELMT) using the latest financial data.

Where can I screen Elmet Group Co. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Elmet Group Co. (ELMT) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Compliance Status

Halal

Screened on Oct 7, 2026 · AAOIFI Standard 21

A+

Excellent

98Score

Is Elmet Group Co. (ELMT) halal? Halal. Based on AAOIFI screening, Elmet Group Co. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 98/100 (Grade: A+).

Quote this verdict

HalalScreener rates Elmet Group Co. (ELMT) Halal, 98/100, grade A+ under AAOIFI Standard 21, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/ELMT

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%.

1.6% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own ELMT

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

Purification amount is Pro

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

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ELMT: Is Elmet Group Co. Halal?

Elmet Group Co.

NASDAQIndustrialsUS

$21.12

Market Cap: 633.2M

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About Elmet Group Co.

Elmet Group Co. delivers high-precision engineered components. This firm supplies its products and tailored solutions to a wide array of clients, spanning the aerospace, defense, industrial, medical, semiconductor, electronics, and energy industries, as well as governmental organizations. It conducts its operations through two key divisions: Critical Materials Components and Engineered Microwave Products. The company was established on September 13, 2024, and maintains its corporate headquarters in Portland, Maine.

Sector: Industrials · Industry: Aerospace & Defense

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 7, 2026

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Institutional-grade Shariah analysis

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

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 2027Data source: EDGAR

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Frequently Asked Questions

Is Elmet Group Co. (ELMT) halal to invest in?

Based on AAOIFI Standard 21 screening, Elmet Group Co. (ELMT) is rated Halal with a compliance grade of A+ (Excellent). 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 Elmet Group Co. get a A+ compliance rating?

Elmet Group Co. (ELMT) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Elmet Group Co.'s Shariah verdict?

Elmet Group Co.'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 Elmet Group Co. re-screened for Shariah compliance?

Elmet Group Co. (ELMT) 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 7, 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.