Is Siemens AG (SIEGY) halal? Doubtful. Based on AAOIFI screening, Siemens AG passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 54/100 (Grade: C+).

Siemens AG

SIEGY: Is Siemens AG Halal?

Doubtful

Siemens AG

OTCIndustrialsDE

$158.79

+1.46%

Purify ~3.5% of income

About Siemens AG

Siemens Aktiengesellschaft is a prominent technology firm specializing in automation and digitalization across Europe, the Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. Its operations are organized into five primary segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services. The Digital Industries segment provides comprehensive industrial automation solutions, encompassing factory software, numerical control systems, motors, drives, inverters, and integrated automation for production machinery and machine tools. Furthermore, it supplies process control systems, machine-to-machine communication devices, sensors, and RFID technology. Its portfolio also extends to software for production and product lifecycle management, mechatronic system simulation and testing, and cloud-native industrial Internet of Things platforms. The Smart Infrastructure segment delivers products, systems, and software solutions designed to facilitate the sustainable energy transition, spanning both fossil and renewable sources. It also addresses smart buildings, sustainable communities, general building infrastructure, electrification, and various electrical products. Within the Mobility sector, Siemens supplies a broad spectrum of solutions for both passenger and freight transport. This includes various rolling stock like trams, light rail vehicles, commuter and long-distance trains, and passenger coaches. It also offers locomotives for diverse hauling needs, automated transportation systems, rail automation technology, electrification components, and intermodal transport solutions. Siemens Healthineers is dedicated to the development, production, and global distribution of diagnostic and therapeutic medical products and services, supplemented by expert clinical consulting. Finally, Siemens Financial Services provides a suite of financial offerings, including debt and equity investments, along with leasing, lending, working capital, equipment, project, and structured financing solutions. Founded in 1847, Siemens Aktiengesellschaft maintains its corporate headquarters in Munich, Germany.

Sector: Industrials 路 Industry: Industrial - Machinery

Why This Stock Is Doubtful

  • Debt is 26.5% of market cap, only 3.5 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 Jun 19, 2026
C+

Fair

Some financial ratios approaching limits

54Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap26.5% / 30.0%

Compliance History

Doubtful, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 19, 2026Fiscal: FY 2025Source: FMP-ADR

Purify Your SIEGY Dividends

3.5% non-compliant income

SIEGY has 3.5% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

244.3B

Price

$158.79

Sector

Industrials

Industry

Industrial - Machinery

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Frequently Asked Questions

Is Siemens AG (SIEGY) halal to invest in?
Siemens AG (SIEGY) 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 Siemens AG get a C+ compliance rating?
Siemens AG (SIEGY) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.5% (limit 30%); interest-bearing deposits of 7.9% (limit 30%); prohibited income of 3.50% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Siemens AG's Shariah verdict?
Siemens AG'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 Siemens AG re-screened for Shariah compliance?
Siemens AG (SIEGY) 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: Jun 19, 2026.

Screened according to AAOIFI Standard No. 21 路 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.