What is Olympic Steel, Inc.'s Shariah compliance score?

Olympic Steel, Inc.'s (ZEUS) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Olympic Steel, Inc. pass AAOIFI screening?

Olympic Steel, Inc. (ZEUS) 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% (ZEUS: 58.0%), (3) interest-bearing deposits below 30% (ZEUS: 2.2%), and (4) prohibited income below 5% (ZEUS: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Olympic Steel, Inc. stock?

Olympic Steel, Inc. (ZEUS) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ZEUS 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 Olympic Steel, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Olympic Steel, Inc. (ZEUS) 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 ZEUS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ZEUS: Is Olympic Steel, Inc. Halal?

Olympic Steel, Inc.

NASDAQBasic MaterialsUS

$47.86

+0.00%

Market Cap: 539.0M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Olympic Steel, Inc. (ZEUS) halal? Not Halal. Based on AAOIFI screening, Olympic Steel, Inc. 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%.

58.0% of 30.0% limit

What this means for you

Most scholars advise not holding ZEUS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Olympic Steel, Inc.

Established in 1954 and headquartered in Bedford Heights, Ohio, Olympic Steel, Inc. is a leading provider of metal processing, distribution, and storage solutions, operating across both the United States and international markets. The company's operations are divided into three main business units: Carbon Flat Products: This segment specializes in the sale and delivery of processed carbon and coated flat-rolled sheets, coils, plates, and custom-fabricated components. Specialty Metals Flat Products: This division offers a diverse selection of processed aluminum and stainless steel flat-rolled sheets, coils, and flat bar products, along with fabricated parts. It also provides stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing, pipe, and premium tin mill products. Tubular and Pipe Products: This unit focuses on the distribution of various metal tubing products, pipes, bars, valves, fittings, and pre-fabricated pressure components. Beyond its core distribution activities, Olympic Steel offers an extensive suite of value-added processing services. These capabilities encompass cutting (including cut-to-length, laser, and saw), slitting, shearing, roll forming, shape correction, and surface refinement. Additional services include blanking, tempering, plate burning, stamping, beveling, threading, grooving, shot blasting, grinding, edging, and polishing. The company further provides bending, drilling, milling, tapping, boring, and sawing metal, as well as machining, welding, assembly, and painting of individual component parts. Through these processes, Olympic Steel precisely transforms metals to meet specific length, width, shape, and surface finish requirements. The firm serves a wide array of metal-consuming industries via a direct sales force. Its clientele includes manufacturers and fabricators across sectors such as transportation, material handling, construction, mining, agriculture, energy generation, automotive, food service, commercial appliances, and electrical equipment. They also supply to the military for vehicles and equipment, general and plate fabricators, and various metals service centers.

Sector: Basic Materials · Industry: Steel

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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 2024Data 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%

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DOW

Dow Inc.

Free · No credit card required

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Frequently Asked Questions

Is Olympic Steel, Inc. (ZEUS) halal to invest in?

Olympic Steel, Inc. (ZEUS) 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 Olympic Steel, Inc. get a F compliance rating?

Olympic Steel, Inc. (ZEUS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 58.0% (limit 30%); interest-bearing deposits of 2.2% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Olympic Steel, Inc.'s Shariah verdict?

Olympic Steel, Inc.'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 Olympic Steel, Inc. re-screened for Shariah compliance?

Olympic Steel, Inc. (ZEUS) 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.