What is Ferroglobe PLC's Shariah compliance score?

Ferroglobe PLC's (GSM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Ferroglobe PLC pass AAOIFI screening?

Ferroglobe PLC (GSM) 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% (GSM: 46.8%), (3) interest-bearing deposits below 30% (GSM: 21.4%), and (4) prohibited income below 5% (GSM: 0.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Ferroglobe PLC stock?

Ferroglobe PLC (GSM) has a non-permissible income ratio of 0.26%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GSM 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 Ferroglobe PLC for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ferroglobe PLC (GSM) 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 GSM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GSM: Is Ferroglobe PLC Halal?

Ferroglobe PLC

NASDAQBasic MaterialsGB

$3.33

-2.63%

Market Cap: 622.2M

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Ferroglobe PLC (GSM) halal? Not Halal. Based on AAOIFI screening, Ferroglobe PLC 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

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

46.8% of 30.0% limit

What this means for you

Most scholars advise not holding GSM

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Ferroglobe PLC

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based alloys. It provides silicone metal that are used in a range of applications, including construction-related products, electronics, personal care items, and health care, as well as by primary and secondary aluminum producers. The company also offers silicomanganese, which is used as a deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. In addition, it offers ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon for deoxidation and desulfurization of liquid steel, cast iron pipes coating production, and welding process of powder metal and in pyrotechnics, as well as control the shape, size, and distribution of oxide and sulfide inclusions; and foundry products, such as nodularizers and inoculants for production of iron. Further, the company provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Additionally, it operates quartz mines in South Africa, Spain, the United States, and Canada; low-ash metallurgical coal mines in the United States; and hydroelectric power plant in France, as well as procures coal, manganese ore, quartz, petroleum and metallurgical coke, electrodes, and additive metals. It serves silicone chemical producers; aluminum and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 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:

NWPXA+

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-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%

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Frequently Asked Questions

Is Ferroglobe PLC (GSM) halal to invest in?

Ferroglobe PLC (GSM) 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 Ferroglobe PLC get a F compliance rating?

Ferroglobe PLC (GSM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 46.8% (limit 30%); interest-bearing deposits of 21.4% (limit 30%); prohibited income of 0.26% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ferroglobe PLC's Shariah verdict?

Ferroglobe PLC'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 Ferroglobe PLC re-screened for Shariah compliance?

Ferroglobe PLC (GSM) 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 20, 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.