Is Alliance Resource Partners, L.P. (ARLP) halal? Halal. Based on AAOIFI screening, Alliance Resource Partners, L.P. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 86/100 (Grade: A).

Alliance Resource Partners, L.P.

ARLP: Is Alliance Resource Partners, L.P. Halal?

Halal

Alliance Resource Partners, L.P.

NASDAQEnergyUS

$25.25

-0.47%

Purify ~0.2% of income

About Alliance Resource Partners, L.P.

Alliance Resource Partners, L.P. (ARLP) operates as a diversified natural resource enterprise, with a primary focus on extracting and supplying coal to utility companies and industrial customers across the United States. The company's business activities are categorized into four main segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. ARLP's coal production encompasses a variety of thermal and metallurgical grades, each with distinct sulfur and heat content characteristics. The firm manages seven underground mining complexes situated across six states: Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition to its mining operations, ARLP leases land, manages a coal loading facility on the Ohio River at Mt. Vernon, Indiana, and engages in the buying and reselling of coal. Further diversifying its portfolio, the company holds mineral and royalty stakes in approximately 1.5 million gross acres of land within key oil and gas producing regions, prominently the Permian, Anadarko, and Williston Basins. Beyond its core resource activities, ARLP also offers an array of mining technology solutions, including data network and communication systems, personnel tracking, proximity detection, industrial collision avoidance, and specialized data and analytics software. As of December 31, 2021, the company's substantial coal reserves included an estimated 547.1 million tons of proven and probable mineral reserves, complemented by 1.17 billion tons of measured, indicated, and inferred coal resources, all located within its operational states of Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. Founded in 1971, Alliance Resource Partners, L.P. is headquartered in Tulsa, Oklahoma.

Sector: Energy 路 Industry: Coal

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
A

Very Good

Strong compliance across all metrics

86Score

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 Cap13.7% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your ARLP Dividends

0.2% non-compliant income

ARLP has 0.2% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

3.2B

Price

$25.25

Sector

Energy

Industry

Coal

More Energy Stocks

XOM

Exxon Mobil Corporation

A+

CVX

Chevron Corporation

A+

COP

ConocoPhillips

B+

SLB

SLB N.V.

A

EOG

EOG Resources, Inc.

A

OKE

ONEOK, Inc.

F
Free 路 No credit card required

Track ARLP and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started FreeBrowse Screener
10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Alliance Resource Partners, L.P. (ARLP) halal to invest in?
Based on AAOIFI Standard 21 screening, Alliance Resource Partners, L.P. (ARLP) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Alliance Resource Partners, L.P. get a A compliance rating?
Alliance Resource Partners, L.P. (ARLP) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 13.7% (limit 30%); interest-bearing deposits of 2.3% (limit 30%); prohibited income of 0.16% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Alliance Resource Partners, L.P.'s Shariah verdict?
Alliance Resource Partners, L.P.'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 Alliance Resource Partners, L.P. re-screened for Shariah compliance?
Alliance Resource Partners, L.P. (ARLP) 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.