What is Companhia Siderúrgica Nacional's Shariah compliance score?

Companhia Siderúrgica Nacional's (SID) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Companhia Siderúrgica Nacional pass AAOIFI screening?

Companhia Siderúrgica Nacional (SID) 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% (SID: 3364.8%), (3) interest-bearing deposits below 30% (SID: 938.5%), and (4) prohibited income below 5% (SID: 2.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Companhia Siderúrgica Nacional stock?

Companhia Siderúrgica Nacional (SID) has a non-permissible income ratio of 2.31%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SID 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 Companhia Siderúrgica Nacional for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Companhia Siderúrgica Nacional (SID) 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 SID's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Companhia Siderúrgica Nacional (SID) halal? Not Halal. Based on AAOIFI screening, Companhia Siderúrgica Nacional passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

SID: Is Companhia Siderúrgica Nacional Halal?

Not Halal

Companhia Siderúrgica Nacional

NYSEBasic MaterialsBR

$1.42

+8.40%

AvoidBorderlineClean

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries. It primarily explores for iron ore reserves at Casa de Pedra and Engenho mines located in the city of Congonhas; and limestone and dolomite at the Bocaina mine located in the city of Arcos in the state of Minas Gerais, Brazil, as well as produces tin. In addition, the company operates railway and port facilities; produces and sells cement to construction material stores, home centers, concrete producers, construction companies, mortar industries, and cement artifact producers; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. It also exports its products. The company was incorporated in 1941 and is headquartered in São Paulo, Brazil. Companhia Siderúrgica Nacional operates as a subsidiary of Vicunha Aços S.A.

Sector: Basic Materials · Industry: Steel

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 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 Cap3364.8% / 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 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

1.9B

Price

$1.42

Sector

Basic Materials

Industry

Steel

Halal Alternatives in Basic Materials

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

CRMLA+

Critical Metals Corp.

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NWPXA+

NWPX Infrastructure, Inc.

$120.30

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GROYA+

Gold Royalty Corp.

$3.22

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IDRA+

Idaho Strategic Resources, Inc.

$32.47

-12.01%

HLA+

Hecla Mining Company

$14.78

-12.18%

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Frequently Asked Questions

Is Companhia Siderúrgica Nacional (SID) halal to invest in?

Companhia Siderúrgica Nacional (SID) 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 Companhia Siderúrgica Nacional get a F compliance rating?

Companhia Siderúrgica Nacional (SID) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3364.8% (limit 30%); interest-bearing deposits of 938.5% (limit 30%); prohibited income of 2.31% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Companhia Siderúrgica Nacional's Shariah verdict?

Companhia Siderúrgica Nacional'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 Companhia Siderúrgica Nacional re-screened for Shariah compliance?

Companhia Siderúrgica Nacional (SID) 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 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.