Does Evolution Metals & Technologies Corp. Common Stock pass AAOIFI screening?

Evolution Metals & Technologies Corp. Common Stock (EMAT) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (EMAT: 0.1%), (3) interest-bearing deposits below 30% (EMAT: 0.0%), and (4) prohibited income below 5% (EMAT: 10.5%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Evolution Metals & Technologies Corp. Common Stock stock?

Evolution Metals & Technologies Corp. Common Stock (EMAT) has a non-permissible income ratio of 10.50%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EMAT shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Evolution Metals & Technologies Corp. Common Stock for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Evolution Metals & Technologies Corp. Common Stock (EMAT) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about EMAT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EMAT: Is Evolution Metals & Technologies Corp. Common Stock Halal?

Evolution Metals & Technologies Corp. Common Stock

NASDAQBasic MaterialsUS

$7.29

+1.25%

Market Cap: 5.8B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Evolution Metals & Technologies Corp. Common Stock (EMAT) halal? Not Halal. Based on AAOIFI screening, Evolution Metals & Technologies Corp. Common Stock passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

0.1% of 30.0% limit

What this means for you

Most scholars advise not holding EMAT

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Evolution Metals & Technologies Corp. Common Stock

Evolution Metals & Technologies Corp. critical materials and advanced manufacturing company. It focuses on non-China-dependent supply chain for rare earth permanent magnets, battery materials, and related critical technologies The company is based in West Palm Beach, Florida.

Sector: Basic Materials · Industry: Industrial Materials

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: Q1 2026Data source: EDGAR

Halal Alternatives in Basic Materials

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

NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

CRMLA+

Critical Metals Corp.

$10.15

+0.79%

GROYA+

Gold Royalty Corp.

$3.22

-1.44%

IDRA+

Idaho Strategic Resources, Inc.

$35.44

-1.80%

HLA+

Hecla Mining Company

$15.40

-0.90%

More Basic Materials Stocks

LIN

Linde plc

APD

Air Products and Chemicals, Inc.

ECL

Ecolab Inc.

CTVA

Corteva, Inc.

A+

DuPont de Nemours, Inc.

B+

DOW

Dow Inc.

Free · No credit card required

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Frequently Asked Questions

Is Evolution Metals & Technologies Corp. Common Stock (EMAT) halal to invest in?

Evolution Metals & Technologies Corp. Common Stock (EMAT) 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 Evolution Metals & Technologies Corp. Common Stock get a F compliance rating?

Evolution Metals & Technologies Corp. Common Stock (EMAT) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.1% (limit 30%); interest-bearing deposits of 0.0% (limit 30%); prohibited income of 10.50% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Evolution Metals & Technologies Corp. Common Stock's Shariah verdict?

Evolution Metals & Technologies Corp. Common Stock'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 Evolution Metals & Technologies Corp. Common Stock re-screened for Shariah compliance?

Evolution Metals & Technologies Corp. Common Stock (EMAT) 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.