What is SCHMID Group N.V. Class A Ordinary Shares's Shariah compliance score?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does SCHMID Group N.V. Class A Ordinary Shares pass AAOIFI screening?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. SHMD's debt-to-market-cap is 55.0%.

How much purification is needed for SCHMID Group N.V. Class A Ordinary Shares?

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 percentage and amount for SCHMID Group N.V. Class A Ordinary Shares (SHMD) using the latest financial data.

Where can I screen SCHMID Group N.V. Class A Ordinary Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SCHMID Group N.V. Class A Ordinary Shares (SHMD) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

SHMDNot HalalF

Unlock full report, free

Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is SCHMID Group N.V. Class A Ordinary Shares (SHMD) halal? Not Halal. Based on AAOIFI screening, SCHMID Group N.V. Class A Ordinary Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates SCHMID Group N.V. Class A Ordinary Shares (SHMD) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/SHMD

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%.

55.0% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Card needed, nothing charged today

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding SHMD

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

SHMD: Is SCHMID Group N.V. Class A Ordinary Shares Halal?

SCHMID Group N.V. Class A Ordinary Shares

NASDAQIndustrialsDE

$2.79

-7.31%

Market Cap: 185.9M

Screened on a market cap of 165.4M

Get an email if SHMD's halal status changes

We re-screen SCHMID Group N.V. Class A Ordinary Shares daily. If the verdict moves, you hear about it the same day.

Free. One click sets it up, and you can unsubscribe any time.

About SCHMID Group N.V. Class A Ordinary Shares

SCHMID Group N.V. designs and manufactures specialized equipment and comprehensive process solutions for critical sectors such as electronics, solar energy, glass production, and power systems. The company operates globally, with its roots in Germany. Its extensive offerings for the electronics industry include everything from advanced equipment and ET board technology to vertical and horizontal wet processing, vacuum metallization, plating, chemical mechanical polishing, and sophisticated automation systems. For the photovoltaic sector, SCHMID Group provides full-spectrum systems and process technologies for manufacturing and processing solar components like wafers, cells, modules, and thin films, extending to complete, ready-to-operate production lines. Beyond its primary products, the firm is committed to client support, offering maintenance, post-sales assistance, tailored customer training, on-site services, and the provision of essential spare parts. Established in Freudenstadt, Germany, in 1864, the company boasts a long-standing history.

Sector: Industrials · Industry: Industrial - Machinery

Why this does not pass

Interest-bearing debt is 55.0% of market cap, over the 30% AAOIFI 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 18, 2026

See which ratio caused the failure.

See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.

Free for 7 days. Cancel anytime.

Card needed, nothing charged today

AI Compliance Insight

PRO

Institutional-grade Shariah analysis

Card needed, nothing charged today

See why SHMD is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Card needed, nothing charged today

Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Sep 2026
Under Review
until the change above
Not Halal
until the change above
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: FMP

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

$0.08

+0.00%

0122.KLA+

Advance Information Marketing Berhad

$0.05

+0.00%

0133.KLA+

Sanichi Technology Berhad

$0.10

+0.00%

0199.KLA+

Tri-Mode System (M) Berhad

$0.16

+0.00%

0217.KLA+

Powerwell Holdings Berhad

$1.16

+0.03%

More Industrials Stocks

GE Aerospace

A+

CAT

Caterpillar Inc.

RTX

RTX Corporation

UNP

Union Pacific Corporation

HON

Honeywell International Inc.

UPS

United Parcel Service, Inc.

Free · No credit card required

Know the day SHMD's verdict changes

A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.

Get Started Free Browse Screener

8,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is SCHMID Group N.V. Class A Ordinary Shares (SHMD) halal to invest in?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) 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 SCHMID Group N.V. Class A Ordinary Shares get a F compliance rating?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 55.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change SCHMID Group N.V. Class A Ordinary Shares's Shariah verdict?

SCHMID Group N.V. Class A Ordinary Shares'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 SCHMID Group N.V. Class A Ordinary Shares re-screened for Shariah compliance?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) 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 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.