Is United-Guardian (UG) stock Halal?

United-Guardian is a diversified manufacturing company that plays a significant role in the chemical and personal care industries. The firm specializes in the research, development, and production of unique and high-quality products used in various applications. Its product offerings span across categories such as pharmaceuticals, personal care, medical devices, and industrial lubricants, catering to a wide range of markets and customers around the globe. For Muslim investors, though, the most pressing question is simpler: is United-Guardian a Halal investment?

Is United-Guardian Shariah compliant?

No. In the October 2026 screening United-Guardian (UG) does not pass AAOIFI screening: it fails the interest-bearing investments screen. 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 United-Guardian, that is usually the screen worth reading first.

Does United-Guardian pass the business activity test?

The activity screen is only part of the picture this month: United-Guardian currently fails the interest-bearing investments 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 United-Guardian's income Halal?

Yes, within AAOIFI's tolerance. United-Guardian's income from non-permissible sources stays below 5% of revenue in the October 2026 screening.

Does United-Guardian meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed the 30% cap, measured against a market capitalisation of $32.9M (market data as of 1 October 2026), 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.

Why do other halal screeners show a different verdict for United-Guardian?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it 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 screening method? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance