
Is Worthington Steel (WS) 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. Worthington Steel, Inc. (WS) passes all four screens as of September 2026, with a dividend purification factor of 100%.
Worthington Steel is a leading steel processing company based in Columbus, Ohio, known for its role as an independent, intermediate processor of carbon flat-rolled steel. Its primary function is to purchase steel from integrated and mini-mills, then custom-process it in terms of type, length, width, thickness, shape, and surface quality. The company specializes in advanced steel processing capabilities such as pickling, galvanizing, slitting, electrical steel laminations, and the production of tailor welded blanks. For Muslim investors, though, the most pressing question is simpler: is Worthington Steel a Halal investment?
Is Worthington Steel Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Worthington Steel 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 Worthington Steel pass the business activity test?
Yes. In the September 2026 screening Worthington Steel 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 Worthington Steel's income Halal?
Yes, within AAOIFI's tolerance. Worthington Steel'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 100% tells holders of WS what share of each dividend to keep and what remainder to donate to charity.
Does Worthington Steel 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 WS 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?



