Is Grupo SIMEC SAB de CV SIM stock Halal to invest in?

No, as of September 2026, Grupo SIMEC SAB de CV stock (SIM) 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. Grupo SIMEC SAB de CV currently does not meet the threshold for the interest-bearing investments screen. 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 Grupo SIMEC SAB de CV and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Grupo SIMEC SAB de CV SIM reviewed for Shariah compliance?

Tabadulat reviews Grupo SIMEC SAB de CV SIM 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 Monthly screening ensures the status shown for Grupo SIMEC SAB de CV reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Grupo SIMEC SAB de CV SIM pass the AAOIFI Interest Bearing Investments criteria?

No, as of September 2026, Grupo SIMEC SAB de CV stock (SIM) 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. Grupo SIMEC SAB de CV'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 Grupo SIMEC SAB de CV SIM pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Grupo SIMEC SAB de CV stock (SIM) passes the AAOIFI interest-bearing debt screen. AAOIFI tolerates some conventional borrowing but draws the line at 30% of market capitalisation. On the latest data, Grupo SIMEC SAB de CV's interest-bearing debt stays below the line. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Grupo SIMEC SAB de CV SIM stock?

Grupo SIMEC SAB de CV (SIM) 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 Grupo SIMEC SAB de CV returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Grupo SIMEC SAB de CV SIM pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Grupo SIMEC SAB de CV stock (SIM) 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. Grupo SIMEC SAB de CV 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.

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Is Grupo SIMEC SAB de CV (SIM) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Grupo SIMEC SAB de CV (SIM): non-permissible income, pass. Interest-bearing investments, fail. Interest-bearing debt, pass. Preference shares, pass. Grupo SIMEC SAB de CV is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Basic Materials

Industry:

Steel

Employees:

4613

Website:

https://www.gsimec.com.mx

Market cap:

$4.6B

P/E ratio:

23.5

Dividend yield:

52-week range:

$25.00 - $34.59

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Grupo SIMEC SAB de CV represents shares of Grupo Simec S.A.B. de C.V., a leading producer of steel products and solutions with operations primarily in North and South America. The ADR (American Depositary Receipt) format allows investors in the United States to gain exposure to the company's equity without having to invest directly in Mexican markets. Before any of that matters to a Muslim investor, one question comes first: is Grupo SIMEC SAB de CV stock Halal?

Is Grupo SIMEC SAB de CV Shariah compliant?

For a resources company like Grupo SIMEC SAB de CV, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.

Does Grupo SIMEC SAB de CV pass the business activity test?

The activity screen is only part of the picture this month: Grupo SIMEC SAB de CV currently fails the interest-bearing investments screen, 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 Grupo SIMEC SAB de CV's income Halal?

Yes, within AAOIFI's tolerance. Grupo SIMEC SAB de CV's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does Grupo SIMEC SAB de CV meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

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?

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