
Is Metallus (MTUS) stock Halal?
September 2026 AAOIFI screening result for Metallus, Inc. (MTUS): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 99.8%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Metallus operates as a key player in the global industrial metals and mining sector. Specializing in the extraction and processing of essential metals like aluminum, copper, and nickel, Metallus supports a wide range of industries by providing high-quality raw materials. The company's primary function involves the exploration, development, and operation of mineral resources, translating their efforts into valuable industrial products critical for manufacturing, construction, and technological advancements. Before any of that matters to a Muslim investor, one question comes first: is Metallus stock Halal?
Is Metallus Shariah compliant?
For a resources company like Metallus, 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 Metallus pass the business activity test?
Yes. In the September 2026 screening Metallus 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 Metallus' income Halal?
Yes, within AAOIFI's tolerance. Metallus' 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 99.8% tells holders of MTUS what share of each dividend to keep and what remainder to donate to charity.
Does Metallus 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 MTUS 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?



