
Is Rogers Sugar (RSI) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Rogers Sugar, Inc. (RSI) does not meet the threshold for the interest-bearing debt screen as of September 2026, so it is not Shariah compliant.
Rogers Sugar is a leading Canadian company specializing in refining, processing, and marketing sugar products across North America. As a pivotal player in the sweetener industry, its primary function is to supply high-quality sugar, including granulated, specialty, and liquid sugars, crucial for the food and beverage sector. Rogers Sugar serves diverse clients ranging from large multinational food manufacturers to small family-owned businesses, underlining its adaptability to various industry needs. For Muslim investors, though, the most pressing question is simpler: is Rogers Sugar a Halal investment?
Is Rogers Sugar Shariah compliant?
Food, household goods and everyday retail are permissible activities, with one watch item: incidental revenue from alcohol, tobacco or conventional financial services must stay below the 5% ceiling of AAOIFI Shariah Standard No. 21. For Rogers Sugar, that is usually the screen worth reading first.
Does Rogers Sugar pass the business activity test?
The activity screen is only part of the picture this month: Rogers Sugar currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.
Is Rogers Sugar's income Halal?
Yes, within AAOIFI's tolerance. Rogers Sugar's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Rogers Sugar meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds 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 What is Halal Investing? A Guide to Halal Stocks and Islamic Finance



