Suzano S.A.

SUZ: Is Suzano S.A. Halal?

Suzano S.A.

NYSEBasic MaterialsBR

$7.99

+0.76%

Market Cap: 9.9B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Suzano S.A. (SUZ) halal? Not Halal. Based on AAOIFI screening, Suzano S.A. 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

Over the limit

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

1075.5% of 30.0% limit

What this means for you

Most scholars advise not holding SUZ

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Suzano S.A.

Suzano S.A. is a prominent global producer and seller of eucalyptus pulp and paper products, with operations extending internationally from its base in Brazil. Its core business is structured around distinct Pulp and Paper segments. The company's extensive product portfolio includes various types of paper, such as coated and uncoated printing and writing papers, paperboards, and tissue products. Additionally, Suzano supplies market and fluff pulps, along with lignin and its byproducts. Beyond these traditional offerings, Suzano maintains a diverse range of other ventures. These encompass the research, development, and production of biofuel, the operation of port terminals, and involvement in power generation and distribution. The company also engages in the commercialization of equipment, parts, paper, and computer materials. Its internal activities cover business office management, production packaging, and financial fundraising. A significant area of focus is innovation, with substantial investment in biotechnology research and development. This includes the entire lifecycle—from R&D to production, commercialization, and distribution—of wood-based textile fibers, yarns, and filaments derived from cellulose and microfibrillated cellulose. Furthermore, Suzano conducts research into new wood raw materials specifically for the textile industry. Founded in 1924, Suzano S.A. was formerly known as Suzano Papel e Celulose S.A. before adopting its current name in April 2019. The company's headquarters are located in Salvador, Brazil.

Sector: Basic Materials · Industry: Paper, Lumber & Forest Products

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:

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Frequently Asked Questions

Is Suzano S.A. (SUZ) halal to invest in?
Suzano S.A. (SUZ) 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 Suzano S.A. get a F compliance rating?
Suzano S.A. (SUZ) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1075.5% (limit 30%); interest-bearing deposits of 254.1% (limit 30%); prohibited income of 3.16% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Suzano S.A.'s Shariah verdict?
Suzano S.A.'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 Suzano S.A. re-screened for Shariah compliance?
Suzano S.A. (SUZ) 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.