What is FreightCar America, Inc.'s Shariah compliance score?

FreightCar America, Inc.'s (RAIL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does FreightCar America, Inc. pass AAOIFI screening?

FreightCar America, Inc. (RAIL) 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% (RAIL: 42.4%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for FreightCar America, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for FreightCar America, Inc. (RAIL) using the latest financial data.

Where can I screen FreightCar America, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for FreightCar America, Inc. (RAIL) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about RAIL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RAIL: Is FreightCar America, Inc. Halal?

FreightCar America, Inc.

NASDAQIndustrialsUS

$7.25

+1.40%

Market Cap: 237.6M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is FreightCar America, Inc. (RAIL) halal? Not Halal. Based on AAOIFI screening, FreightCar America, Inc. 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%.

42.4% of 30.0% limit

What this means for you

Most scholars advise not holding RAIL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About FreightCar America, Inc.

Operating through its subsidiaries, FreightCar America, Inc. specializes in the design, production, and sale of railcars and their associated components, primarily for the transportation of bulk commodities and containerized freight across North America. The company's operations are organized into two main divisions: Manufacturing and Parts. Its diverse product offerings include a wide array of freight cars such as open-top and covered hoppers, gondolas, triple hoppers, and innovative hybrid aluminum/stainless steel railcars. They also manufacture specialized vehicles like ore hoppers, ballast hoppers, aggregate hoppers, intermodal flats, and non-intermodal flat cars. Further expanding its portfolio, FreightCar America provides coal cars, general bulk commodity cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars. In addition to manufacturing new railcars, the company engages in selling used railcars, offering leasing options, and performing railcar rebuilding and conversion services. It also supplies various forged, cast, and fabricated parts for railcar applications. FreightCar America's manufactured railcars are exported to international markets, including Latin America and the Middle East. Its primary customer base comprises financial institutions, major railroads, and various shipping companies. FreightCar America, Inc. was founded in 1901 and its corporate headquarters are located in Chicago, Illinois.

Sector: Industrials · Industry: Railroads

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Industrials

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

0064.KLA+

Efficient E-Solutions Berhad

$0.10

+0.06%

0122.KLA+

Advance Information Marketing Berhad

$0.06

+0.00%

0133.KLA+

Sanichi Technology Berhad

$0.07

+0.00%

0199.KLA+

Tri-Mode System (M) Berhad

$0.17

+0.00%

0217.KLA+

Powerwell Holdings Berhad

$1.07

+0.00%

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Frequently Asked Questions

Is FreightCar America, Inc. (RAIL) halal to invest in?

FreightCar America, Inc. (RAIL) 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 FreightCar America, Inc. get a F compliance rating?

FreightCar America, Inc. (RAIL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 42.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change FreightCar America, Inc.'s Shariah verdict?

FreightCar America, 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 FreightCar America, Inc. re-screened for Shariah compliance?

FreightCar America, Inc. (RAIL) 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: Aug 26, 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.