Is Companhia Siderurgica Nacional SID stock Halal to invest in?

No, as of September 2026, Companhia Siderurgica Nacional stock (SID) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Companhia Siderurgica Nacional currently does not meet the threshold for the interest-bearing investments and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Companhia Siderurgica Nacional and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Companhia Siderurgica Nacional SID reviewed for Shariah compliance?

Tabadulat reviews Companhia Siderurgica Nacional SID for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Companhia Siderurgica Nacional reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Companhia Siderurgica Nacional SID pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Companhia Siderurgica Nacional stock (SID) passes the AAOIFI non-permissible income screen. AAOIFI permits a small tolerance because large companies rarely avoid incidental impermissible income entirely, most often interest on cash balances. The ceiling is 5% of total revenue, and Companhia Siderurgica Nacional sits inside it in the latest screening. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Companhia Siderurgica Nacional SID pass the AAOIFI Interest Bearing Investments criteria?

No, as of September 2026, Companhia Siderurgica Nacional stock (SID) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Companhia Siderurgica Nacional's interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from Riba-based instruments for the stock to qualify as Halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Companhia Siderurgica Nacional SID pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Companhia Siderurgica Nacional stock (SID) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Companhia Siderurgica Nacional's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Companhia Siderurgica Nacional SID stock?

Companhia Siderurgica Nacional (SID) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Companhia Siderurgica Nacional returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Companhia Siderurgica Nacional SID pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Companhia Siderurgica Nacional stock (SID) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Companhia Siderurgica Nacional has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Is Companhia Siderurgica Nacional (SID) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

As of the September 2026 screening, Companhia Siderurgica Nacional (SID) does not meet the AAOIFI Shariah Standard No. 21 threshold for the interest-bearing investments and interest-bearing debt screens, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.

Sector:

Basic Materials

Industry:

Steel

Employees:

24924

Website:

https://www.csn.com.br

Market cap:

$1.6B

P/E ratio:

36.4

Dividend yield:

52-week range:

$0.84 - $2.20

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Companhia Siderurgica Nacional represents shares of the Companhia Siderúrgica Nacional (CSN), one of Brazil's leading steel manufacturers. This American Depositary Receipt (ADR) trades primarily on the New York Stock Exchange, making access to CSN's equity simple for U.S.-based investors. CSN operates one of the most integrated steel complexes in South America, serving industries such as automotive, construction, and home appliances, and is a pivotal player in Brazil's infrastructure and industrial sectors. For Muslim investors, though, the most pressing question is simpler: is Companhia Siderurgica Nacional a Halal investment?

Is Companhia Siderurgica Nacional Shariah compliant?

Extracting and selling oil, gas or materials is a permissible business, so companies like Companhia Siderurgica Nacional rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.

Does Companhia Siderurgica Nacional pass the business activity test?

The activity screen is only part of the picture this month: Companhia Siderurgica Nacional currently fails the interest-bearing investments and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Companhia Siderurgica Nacional's income Halal?

Yes, within AAOIFI's tolerance. Companhia Siderurgica Nacional's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does Companhia Siderurgica Nacional meet AAOIFI's debt and investment ratio requirements?

No. Both ratios currently breach the 30% caps: interest bearing investments and interest bearing debt each exceed the limit AAOIFI permits for a Halal investment. The ratios move with the share price as well as the balance sheet, and our Shariah Supervisory Board has SID re-screened every month.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in Halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.