Is Alico, Inc. (ALCO) halal? Doubtful. Based on AAOIFI screening, Alico, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 63/100 (Grade: B).

Alico, Inc.

ALCO: Is Alico, Inc. Halal?

Doubtful

Alico, Inc.

NASDAQConsumer DefensiveUS

$40.23

+0.07%

Purify ~0.6% of income

About Alico, Inc.

Alico, Inc., along with its affiliated entities, functions as a prominent agribusiness and land management enterprise primarily within the United States. The company's operations are strategically divided into two core segments: Alico Citrus, and Land Management and Other Operations. The Alico Citrus division is dedicated to the cultivation of citrus trees, supplying fruit for both the fresh produce market and various processed citrus products. Meanwhile, the Land Management and Other Operations segment is responsible for the ownership and oversight of extensive land holdings in Collier, Glades, and Hendry Counties. This segment also generates income by leasing its properties for diverse purposes, including recreational activities, livestock grazing, conservation efforts, and mining ventures. As of September 30, 2021, Alico controlled a substantial portfolio of 83,000 acres situated across eight Florida counties: Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, and Polk. The company was established in 1960 and its corporate headquarters are located in Fort Myers, Florida.

Sector: Consumer Defensive 路 Industry: Agricultural Farm Products

Why This Stock Is Doubtful

  • Debt is 28.1% of market cap, only 1.9 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 18, 2026
B

Acceptable

Acceptable but room for improvement

63Score

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 Cap28.1% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Screened: Jun 18, 2026Fiscal: Q2 2026Source: FMP

Purify Your ALCO Dividends

0.6% non-compliant income

ALCO has 0.6% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

298.4M

Price

$40.23

Sector

Consumer Defensive

Industry

Agricultural Farm Products

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Frequently Asked Questions

Is Alico, Inc. (ALCO) halal to invest in?
Alico, Inc. (ALCO) 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 Alico, Inc. get a B compliance rating?
Alico, Inc. (ALCO) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.1% (limit 30%); interest-bearing deposits of 12.8% (limit 30%); prohibited income of 0.57% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Alico, Inc.'s Shariah verdict?
Alico, 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 Alico, Inc. re-screened for Shariah compliance?
Alico, Inc. (ALCO) 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 18, 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.