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Friedman Industries, Inc.

NASDAQ
Shariah-Compliant
Not Shariah
FRD

About

Friedman Industries, Inc.

FRD

Friedman Industries, Incorporated is a manufacturer and processor specializing in steel products. Established in 1965 and headquartered in Longview, Texas, the company operates through two main divisions: the Flat Roll Division and the Tubular Division. The Flat Roll Division runs multiple coil processing facilities, offering processes such as temper passing, stretcher leveling, slitting, and cut-to-length services for a range of steel types, including hot-rolled, cold-rolled, coated, pre-painted, and stainless steel. These facilities provide both processing for customer-owned coils and finished sheets and plates for end use. The Tubular Division, operating as Texas Tubular Products, manufactures electric resistance welded (ERW) pipe primarily used for oil, gas, and structural applications, complying with industry standards like API 5L, ASTM A53B, and ASTM A500B. Friedman Industries serves manufacturers of steel products and steel and pipe distributors, playing a vital role in the supply chain for the North American energy, construction, and manufacturing sectors. Recent strategic growth includes the acquisition of Century Metals & Supplies, enhancing its product mix and regional presence. The company’s operational footprint and expanded capabilities underscore its significance in the steel and metals market.

FRD
FRD

Frequently asked questions

Is Friedman Industries, Inc. FRD stock halal to invest in?

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How often is Friedman Industries, Inc. FRD reviewed for Shariah compliance?

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Does Friedman Industries, Inc. FRD pass the AAOIFI Non Permissible Income criteria?

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Does Friedman Industries, Inc. FRD pass the AAOIFI Interest Bearing Investments criteria?

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Does Friedman Industries, Inc. FRD pass the AAOIFI Interest Bearing Debt criteria?

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What is the dividend purification factor for Friedman Industries, Inc. FRD stock?

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Does Friedman Industries, Inc. FRD pass the AAOIFI Preference Share screen?

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Can I buy Friedman Industries (FRD) stock on Tabadulat?

Friedman Industries (FRD) does not currently pass AAOIFI screening, so it isn't available to trade among the halal stocks on Tabadulat. You can still open an account, track FRD with the free halal stock screener, and discover Shariah compliant stocks to invest in instead. Compliance is re-screened monthly, and stocks can regain halal status when their financials change.

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