What is ArcelorMittal S.A.'s Shariah compliance score?

ArcelorMittal S.A. (MT) has a Shariah compliance score of 67/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does ArcelorMittal S.A. pass AAOIFI screening?

ArcelorMittal S.A. (MT) partially passes with caution 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% (MT: 28.0%), (3) interest-bearing deposits below 30% (MT: 11.4%), and (4) prohibited income below 5% (MT: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ArcelorMittal S.A. stock?

ArcelorMittal S.A. (MT) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MT 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 ArcelorMittal S.A. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ArcelorMittal S.A. (MT) 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 MT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MT: Is ArcelorMittal S.A. Halal?

ArcelorMittal S.A.

NYSEBasic MaterialsLU

$62.96

-0.40%

Market Cap: 47.9B

Compliance Status

Doubtful

Screened on Jul 18, 2026 · AAOIFI Standard 21

Acceptable

67Score

Is ArcelorMittal S.A. (MT) halal? Doubtful. Based on AAOIFI screening, ArcelorMittal S.A. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 67/100 (Grade: B).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

28.0% of 30.0% limit

What this means for you

You may own MT, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

About ArcelorMittal S.A.

ArcelorMittal S.A. and its subsidiaries operate as a comprehensive, globally integrated steel production and mining enterprise, with operations spanning Europe, North and South America, Asia, and Africa. The firm's core steel offerings encompass a wide array of items. These include semi-finished flat goods, specifically slabs, alongside finished flat products like plates, hot-rolled and cold-rolled coils and sheets, galvanized coils and sheets (both hot-dipped and electro-galvanized), tinplate, and pre-painted coils and sheets. For long products, it manufactures semi-finished forms such as blooms and billets. Its finished long products consist of bars, wire-rods, structural sections, railway rails, sheet piles, and various wire products. Additionally, ArcelorMittal supplies both seamless and welded pipes and tubes. Beyond steel, the company's mining segment extracts and processes primary materials such as iron ore, presented as lumps, fines, concentrates, pellets, and sinter feeds. It also provides various types of coal, including coking coal, thermal coal, and coal for pulverized injection. These materials are distributed to a diverse clientele within sectors such as automotive, domestic appliances, engineering, construction, energy, and heavy machinery. Distribution occurs via its internal centralized marketing department and an extensive network of distributors. Its iron ore extraction operations are located in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine. Coal mining, however, is solely conducted in Kazakhstan. Established in 1976, ArcelorMittal S.A. maintains its corporate headquarters in Luxembourg City, Luxembourg.

Sector: Basic Materials · Industry: Steel

Why This Stock Is Doubtful

Debt is 28.0% of market cap, only 2.0 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above
Doubtful
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is ArcelorMittal S.A. (MT) halal to invest in?

ArcelorMittal S.A. (MT) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did ArcelorMittal S.A. get a B compliance rating?

ArcelorMittal S.A. (MT) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.0% (limit 30%); interest-bearing deposits of 11.4% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change ArcelorMittal S.A.'s Shariah verdict?

ArcelorMittal S.A.'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 ArcelorMittal S.A. re-screened for Shariah compliance?

ArcelorMittal S.A. (MT) 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 18, 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.