Grupo Simec, S.A.B. de C.V.

SIM: Is Grupo Simec, S.A.B. de C.V. Halal?

Grupo Simec, S.A.B. de C.V.

AMEXBasic MaterialsMX

$29.20

-2.14%

Market Cap: 4.8B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Grupo Simec, S.A.B. de C.V. (SIM) halal? Not Halal. Based on AAOIFI screening, Grupo Simec, S.A.B. de C.V. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

0.1% of 30.0% limit

What this means for you

Most scholars advise not holding SIM

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Grupo Simec, S.A.B. de C.V.

Grupo Simec, S.A.B. de C.V. is a Mexican enterprise primarily engaged in the fabrication, refinement, and sale of high-quality bar steel (SBQ) and various steel alloy commodities. Its market reach extends throughout Mexico, the United States, Brazil, Canada, and wider Latin America, supported by a substantial international distribution network. The company's comprehensive product lineup features items such as I-beams, channels, both structural and commercial angles, hot-rolled and cold-finished bars, flat bars, rebars, electro-welded wire mesh and panels, and wire rods. Additionally, they provide semi-finished goods, including tube rounds and other industrial intermediate products. Simec's SBQ steel is essential for a range of specialized engineering applications, such as components like axles, hubs, and crankshafts in automobiles and light trucks, as well as in manufacturing machine tools and heavy-duty off-road machinery. Meanwhile, their structural steel plays a critical role in non-residential building developments and diverse construction projects. The firm actively exports its steel products to nations across Central and South America, and into European markets. Established in 1934, Grupo Simec's corporate headquarters are situated in Guadalajara, Mexico, and it operates as a subsidiary of Industrias CH, S.A.B. de C.V.

Sector: Basic Materials · Industry: Steel

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 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:

NWPX Infrastructure, Inc.
NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

Critical Metals Corp.
CRMLA+

Critical Metals Corp.

$10.15

+0.79%

Gold Royalty Corp.
GROYA+

Gold Royalty Corp.

$3.22

-1.44%

Idaho Strategic Resources, Inc.
IDRA+

Idaho Strategic Resources, Inc.

$35.44

-1.80%

Hecla Mining Company
HLA+

Hecla Mining Company

$15.40

-0.90%

More Basic Materials Stocks

LIN

Linde plc

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APD

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ECL

Ecolab Inc.

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CTVA

Corteva, Inc.

A+

DD

DuPont de Nemours, Inc.

B+

DOW

Dow Inc.

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Frequently Asked Questions

Is Grupo Simec, S.A.B. de C.V. (SIM) halal to invest in?
Grupo Simec, S.A.B. de C.V. (SIM) 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 Grupo Simec, S.A.B. de C.V. get a F compliance rating?
Grupo Simec, S.A.B. de C.V. (SIM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.1% (limit 30%); interest-bearing deposits of 590.2% (limit 30%); prohibited income of 4.81% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Grupo Simec, S.A.B. de C.V.'s Shariah verdict?
Grupo Simec, S.A.B. de C.V.'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 Grupo Simec, S.A.B. de C.V. re-screened for Shariah compliance?
Grupo Simec, S.A.B. de C.V. (SIM) 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.