
Is Warrior Met Coal (HCC) 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. Warrior Met Coal, Inc. (HCC) passes all four screens as of September 2026, with a dividend purification factor of 99.58%.
Warrior Met Coal is a leading producer and exporter of metallurgical coal, specifically hard coking coal, which is essential for steelmaking processes worldwide. The company operates longwall mining operations in underground mines located in the Southern Appalachian region of Alabama, United States. Its principal mines, Mine No. 4 and Mine No. 7, are strategically situated near major transportation networks, facilitating efficient delivery to its export terminal at the Port of Mobile. For Muslim investors, though, the most pressing question is simpler: is Warrior Met Coal a Halal investment?
Is Warrior Met Coal Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Warrior Met Coal rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Warrior Met Coal pass the business activity test?
Yes. In the September 2026 screening Warrior Met Coal 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 Warrior Met Coal's income Halal?
Yes, within AAOIFI's tolerance. Warrior Met Coal'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 99.58% tells holders of HCC what share of each dividend to keep and what remainder to donate to charity.
Does Warrior Met Coal 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 HCC 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?



