What is ICL Group Ltd's Shariah compliance score?

ICL Group Ltd's (ICL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does ICL Group Ltd pass AAOIFI screening?

ICL Group Ltd (ICL) 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% (ICL: 41.9%), (3) interest-bearing deposits below 30% (ICL: 7.5%), and (4) prohibited income below 5% (ICL: 2.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ICL Group Ltd stock?

ICL Group Ltd (ICL) has a non-permissible income ratio of 2.22%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ICL 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 ICL Group Ltd for Shariah compliance for free?

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

ICL: Is ICL Group Ltd Halal?

ICL Group Ltd

NYSEBasic MaterialsIL

$6.21

-4.17%

Market Cap: 8.0B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is ICL Group Ltd (ICL) halal? Not Halal. Based on AAOIFI screening, ICL Group Ltd 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%.

41.9% of 30.0% limit

What this means for you

Most scholars advise not holding ICL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About ICL Group Ltd

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products. The Potash segment extracts potash from the Dead Sea; mines and produces potash and salt; produces Polysulphate; produces, markets, and sells magnesium and magnesium alloys, as well as related by-products, including chlorine and sylvinite; and sells salt. The Phosphate Solutions segment uses phosphate commodity products to produce specialty products; produces and markets phosphate-based fertilizers, as well as sulphuric acid, green phosphoric acid, and phosphate fertilizers; and manufactures thermal phosphoric acid for various industrial end markets, such as oral care, cleaning products, paints and coatings, water treatment, asphalt modification, construction, and metal treatment. It also develops and produces functional food ingredients and phosphate additives for use in the processed meat, poultry, seafood, dairy, beverage, and baked goods markets; and produces milk and whey proteins for the food ingredients industry. The IAS segment develops, manufactures, markets, and sells fertilizers based primarily on nitrogen, potash, and phosphate, including water soluble specialty, liquid, soluble, and controlled-release fertilizers. It sells its products through marketing companies, agents, and distributors. The company was formerly known as Israel Chemicals Ltd. and changed its name to ICL Group Ltd in May 2020. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.

Sector: Basic Materials · Industry: Agricultural Inputs

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:

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GROYA+

Gold Royalty Corp.

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IDRA+

Idaho Strategic Resources, Inc.

$35.44

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HLA+

Hecla Mining Company

$15.40

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Frequently Asked Questions

Is ICL Group Ltd (ICL) halal to invest in?

ICL Group Ltd (ICL) 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 ICL Group Ltd get a F compliance rating?

ICL Group Ltd (ICL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 41.9% (limit 30%); interest-bearing deposits of 7.5% (limit 30%); prohibited income of 2.22% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change ICL Group Ltd's Shariah verdict?

ICL Group Ltd'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 ICL Group Ltd re-screened for Shariah compliance?

ICL Group Ltd (ICL) 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.