What is Companhia Siderúrgica Nacional's Shariah compliance score?

Companhia Siderúrgica Nacional's (SID) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Companhia Siderúrgica Nacional pass AAOIFI screening?

Companhia Siderúrgica Nacional (SID) 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% (SID: 4071.4%), (3) interest-bearing deposits below 30% (SID: 1135.6%), and (4) prohibited income below 5% (SID: 2.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Companhia Siderúrgica Nacional stock?

Companhia Siderúrgica Nacional (SID) has a non-permissible income ratio of 2.31%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SID 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 Companhia Siderúrgica Nacional for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Companhia Siderúrgica Nacional (SID) 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 SID's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SID: Is Companhia Siderúrgica Nacional Halal?

Companhia Siderúrgica Nacional

NYSEBasic MaterialsBR

$1.00

-3.38%

Market Cap: 1.3B

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Companhia Siderúrgica Nacional (SID) halal? Not Halal. Based on AAOIFI screening, Companhia Siderúrgica Nacional 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%.

4071.4% of 30.0% limit

What this means for you

Most scholars advise not holding SID

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional (CSN) operates as an integrated steel manufacturer, holding a significant presence across Brazil and Latin America. Its operations are diversified across five key divisions: Steel, Mining, Logistics, Energy, and Cement. CSN’s comprehensive steel product range includes various flat steel offerings, such as specialized slabs (high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free types). The company also provides hot-rolled and cold-rolled coils and sheets, galvanized products, and tin mill products, which are essentially flat-rolled low-carbon steel. Furthermore, CSN manufactures structural steel shapes like profiles, channels, UPE sections, and steel sleepers. These products serve a wide array of industries, including distribution, packaging, automotive, home appliances, and construction. In its mining segment, CSN extracts iron ore from the Casa de Pedra and Engenho mines near Congonhas, Brazil, and limestone and dolomite from the Bocaina mine in Arcos, both located in Minas Gerais state. The company additionally produces tin. Complementing these activities, CSN manages its own railway and port infrastructure, facilitating logistics. Its cement production is sold to a diverse customer base, including construction material stores, home centers, concrete producers, construction companies, mortar industries, and cement artifact manufacturers. Power generation is also a component of its business, with electricity produced from thermoelectric co-generation and hydroelectric plants. CSN also exports its products to international markets. Founded in 1941 and headquartered in São Paulo, Brazil, Companhia Siderúrgica Nacional functions as a subsidiary of Vicunha Aços S.A.

Sector: Basic Materials · Industry: Steel

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 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:

NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

CRMLA+

Critical Metals Corp.

$10.15

+0.79%

GROYA+

Gold Royalty Corp.

$3.22

-1.44%

IDRA+

Idaho Strategic Resources, Inc.

$35.44

-1.80%

HLA+

Hecla Mining Company

$15.40

-0.90%

More Basic Materials Stocks

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ECL

Ecolab Inc.

CTVA

Corteva, Inc.

A+

DuPont de Nemours, Inc.

B+

DOW

Dow Inc.

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Frequently Asked Questions

Is Companhia Siderúrgica Nacional (SID) halal to invest in?

Companhia Siderúrgica Nacional (SID) 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 Companhia Siderúrgica Nacional get a F compliance rating?

Companhia Siderúrgica Nacional (SID) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 4071.4% (limit 30%); interest-bearing deposits of 1135.6% (limit 30%); prohibited income of 2.31% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Companhia Siderúrgica Nacional's Shariah verdict?

Companhia Siderúrgica Nacional'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 Companhia Siderúrgica Nacional re-screened for Shariah compliance?

Companhia Siderúrgica Nacional (SID) 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 17, 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.