Is Alcoa Corp. AA stock halal to invest in?

Yes, as of August 2026, Alcoa Corp. stock (AA) is classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. Alcoa Corp. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 99.54%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Alcoa Corp. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Alcoa Corp. AA reviewed for Shariah compliance?

Tabadulat reviews Alcoa Corp. AA for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Alcoa Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Alcoa Corp. AA pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Alcoa Corp. stock (AA) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Alcoa Corp.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Alcoa Corp. AA pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Alcoa Corp. stock (AA) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Alcoa Corp.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Alcoa Corp. AA pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Alcoa Corp. stock (AA) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Alcoa Corp.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Alcoa Corp. AA stock?

As of August 2026, the dividend purification factor for Alcoa Corp. (AA) is 99.54%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Alcoa Corp. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Alcoa Corp. AA pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Alcoa Corp. stock (AA) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Alcoa Corp. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Alcoa Corp.

NYSE

Shariah-Compliant

Not Shariah

About

Alcoa Corp.

AA

Alcoa Corporation is a premier global producer of aluminum, a key metal used extensively across various industries such as automotive, aerospace, construction, and packaging. Alcoa’s operations encompass the production of bauxite, mining, refining alumina, and the smelting and processing of aluminum products. Headquartered in Pittsburgh, Pennsylvania, Alcoa is known for its comprehensive supply chain management within the industry, contributing to its efficiency and competitive edge. The company holds a significant role in advancing sustainable practices in metal production, targeting reduced carbon emissions and increased recycling efforts. Innovations by Alcoa in aluminum solutions have made it pivotal in lightweighting applications, particularly in automotive and aerospace sectors, where reducing weight enhances fuel efficiency and performance. As one of the world's largest and most recognized aluminum companies, Alcoa Corporation contributes to global manufacturing capabilities, making it an integral player in both the primary and fabricated aluminum markets.

Sector:

Basic Materials

Industry:

Aluminum

Employees:

13900

Website:

https://www.alcoa.com

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Alcoa Corp.

About

Alcoa Corp.

AA

Frequently asked questions

Is Alcoa Corp. AA stock halal to invest in?

How often is Alcoa Corp. AA reviewed for Shariah compliance?

Does Alcoa Corp. AA pass the AAOIFI Non Permissible Income criteria?

Does Alcoa Corp. AA pass the AAOIFI Interest Bearing Investments criteria?

Does Alcoa Corp. AA pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Alcoa Corp. AA stock?

Does Alcoa Corp. AA pass the AAOIFI Preference Share screen?

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