What is Grupo Simec, S.A.B. de C.V.'s Shariah compliance score?

Grupo Simec, S.A.B. de C.V.'s (SIM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Grupo Simec, S.A.B. de C.V. pass AAOIFI screening?

Grupo Simec, S.A.B. de C.V. (SIM) 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% (SIM: 0.1%), (3) interest-bearing deposits below 30% (SIM: 572.0%), and (4) prohibited income below 5% (SIM: 4.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Grupo Simec, S.A.B. de C.V. stock?

Grupo Simec, S.A.B. de C.V. (SIM) has a non-permissible income ratio of 4.81%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SIM 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 Grupo Simec, S.A.B. de C.V. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Grupo Simec, S.A.B. de C.V. (SIM) 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 SIM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Grupo Simec, S.A.B. de C.V. (SIM) halal? Not Halal. Based on AAOIFI screening, Grupo Simec, S.A.B. de C.V. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

SIM: Is Grupo Simec, S.A.B. de C.V. Halal?

Not Halal

Grupo Simec, S.A.B. de C.V.

AMEXBasic MaterialsMX

$30.05

+0.00%

AvoidBorderlineClean

About Grupo Simec, S.A.B. de C.V.

Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products. Its SBQ steel products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are used in the non-residential construction market and other construction applications. The company also exports its steel products to Central and South America, and Europe. The company was founded in 1934 and is headquartered in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.

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 Cap0.1% / 30.0%

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.

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

5.0B

Price

$30.05

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.

$9.90

+1.64%

NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

GROYA+

Gold Royalty Corp.

$3.22

-1.44%

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 Grupo Simec, S.A.B. de C.V. (SIM) halal to invest in?

Grupo Simec, S.A.B. de C.V. (SIM) 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 Grupo Simec, S.A.B. de C.V. get a F compliance rating?

Grupo Simec, S.A.B. de C.V. (SIM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.1% (limit 30%); interest-bearing deposits of 572.0% (limit 30%); prohibited income of 4.81% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Grupo Simec, S.A.B. de C.V.'s Shariah verdict?

Grupo Simec, S.A.B. de C.V.'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 Grupo Simec, S.A.B. de C.V. re-screened for Shariah compliance?

Grupo Simec, S.A.B. de C.V. (SIM) 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.