What is SCHMID Group N.V. Class A Ordinary Shares's Shariah compliance score?

SCHMID Group N.V. Class A Ordinary Shares's (SHMD) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does SCHMID Group N.V. Class A Ordinary Shares pass AAOIFI screening?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) 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% (SHMD: 46.3%), (3) interest-bearing deposits below 30% (SHMD: 0.6%), and (4) prohibited income below 5% (SHMD: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for SCHMID Group N.V. Class A Ordinary Shares stock?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) has a non-permissible income ratio of 0.10%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SHMD 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 SCHMID Group N.V. Class A Ordinary Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SCHMID Group N.V. Class A Ordinary Shares (SHMD) 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 SHMD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is SCHMID Group N.V. Class A Ordinary Shares (SHMD) halal? Not Halal. Based on AAOIFI screening, SCHMID Group N.V. Class A Ordinary Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

SHMD: Is SCHMID Group N.V. Class A Ordinary Shares Halal?

Not Halal

SCHMID Group N.V. Class A Ordinary Shares

NASDAQIndustrialsNL

$6.63

-0.15%

AvoidBorderlineClean

About SCHMID Group N.V. Class A Ordinary Shares

SCHMID Group N.V. develops and manufactures equipment and process solutions for electronics, photovoltaics, glass, and energy systems in Germany and internationally. The company offers electronics equipment, ET board, vertical and horizontal wet process, vacuum metallization and tech, plating, chemical mechanical polishing, and automation system solutions; and systems and process solutions for manufacturing and processing photovoltaic products, such as wafers, cells, modules, and thin films, as well as turnkey production lines. It also provides maintenance, after sales, customer training, and on-site services, as well as offers spare parts. The company was founded in 1864 and is based in Freudenstadt, Germany.

Sector: Industrials · Industry: Industrial - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap46.3% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

285.5M

Price

$6.63

Sector

Industrials

Industry

Industrial - Machinery

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

FASTA+

Fastenal Company

$44.88

+0.30%

ODFLA+

Old Dominion Freight Line, Inc.

$218.36

-0.83%

SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$15.76

-9.62%

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A+

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RTX Corporation

UNP

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HON

Honeywell International Inc.

B+

UPS

United Parcel Service, Inc.

B+

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Frequently Asked Questions

Is SCHMID Group N.V. Class A Ordinary Shares (SHMD) halal to invest in?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) 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 SCHMID Group N.V. Class A Ordinary Shares get a F compliance rating?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 46.3% (limit 30%); interest-bearing deposits of 0.6% (limit 30%); prohibited income of 0.10% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change SCHMID Group N.V. Class A Ordinary Shares's Shariah verdict?

SCHMID Group N.V. Class A Ordinary Shares'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 SCHMID Group N.V. Class A Ordinary Shares re-screened for Shariah compliance?

SCHMID Group N.V. Class A Ordinary Shares (SHMD) 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 · 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.