
Is Loma Negra Compañía Industrial Argentina (LOMA) stock Halal?
September 2026 AAOIFI screening result for Loma Negra Compañía Industrial Argentina SA (LOMA): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 99.7%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Loma Negra Compañía Industrial Argentina is a prominent cement and concrete company based in Argentina. As a key player in the construction materials industry, its primary function is to produce and distribute cement, concrete, and aggregates that are vital for infrastructure development and real estate projects. The company has a significant influence on the construction sector, supplying essential materials for various types of building projects from residential to large-scale commercial and public infrastructure. Before any of that matters to a Muslim investor, one question comes first: is Loma Negra Compañía Industrial Argentina stock Halal?
Is Loma Negra Compañía Industrial Argentina Shariah compliant?
For a resources company like Loma Negra Compañía Industrial Argentina, 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 Loma Negra Compañía Industrial Argentina pass the business activity test?
Yes. In the September 2026 screening Loma Negra Compañía Industrial Argentina holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Loma Negra Compañía Industrial Argentina's income Halal?
Yes, within AAOIFI's tolerance. Loma Negra Compañía Industrial Argentina's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.7% tells holders of LOMA what share of each dividend to keep and what remainder to donate to charity.
Does Loma Negra Compañía Industrial Argentina meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has LOMA re-screened every month, and the result above always shows the latest verdict.
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?



