METCNot HalalF
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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Ramaco Resources, Inc. (METC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/METC

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%.

99.2% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding METC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Ramaco Resources, Inc.

METC: Is Ramaco Resources, Inc. Halal?

Ramaco Resources, Inc.

NASDAQEnergyUS

$7.83

Market Cap: 454.0M

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About Ramaco Resources, Inc.

Ramaco Resources, Inc. primarily focuses on the mining and commercialization of metallurgical coal. The company possesses a substantial portfolio of development properties, including the Elk Creek project in southern West Virginia, which spans approximately 20,200 acres of controlled mineral and incorporates 16 distinct coal seams. Additionally, its holdings comprise the Berwind property, an approximately 41,300-acre site of controlled mineral with Squire Jim seam deposits, located on the border between West Virginia and Virginia. Further assets include the Knox Creek property, a vast 62,100-acre controlled mineral tract in Virginia, and the RAM Mine property, encompassing around 1,570 controlled acres in southwestern Pennsylvania. Ramaco provides its products to blast furnace steel manufacturers and coke production facilities throughout the United States, as well as to international consumers of metallurgical coal. The enterprise was established in 2015 and has its corporate headquarters in Lexington, Kentucky.

Sector: Energy · Industry: Coal

Why this does not pass

  • Interest-bearing debt is 99.2% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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Screened according to AAOIFI Standard 21

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: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

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

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Frequently Asked Questions

Is Ramaco Resources, Inc. (METC) halal to invest in?
Ramaco Resources, Inc. (METC) 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 Ramaco Resources, Inc. get a F compliance rating?
Ramaco Resources, Inc. (METC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 99.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Ramaco Resources, Inc.'s Shariah verdict?
Ramaco Resources, Inc.'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 Ramaco Resources, Inc. re-screened for Shariah compliance?
Ramaco Resources, Inc. (METC) 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 13, 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.