Is Companhia Siderurgica Nacional SID stock halal to invest in?

No, as of August 2026, Companhia Siderurgica Nacional stock (SID) is not currently 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. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Companhia Siderurgica Nacional currently does not meet the threshold for the interest-bearing investments and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Companhia Siderurgica Nacional and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Companhia Siderurgica Nacional SID reviewed for Shariah compliance?

Tabadulat reviews Companhia Siderurgica Nacional SID 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screening ensures the status shown for Companhia Siderurgica Nacional reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Companhia Siderurgica Nacional SID pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Companhia Siderurgica Nacional stock (SID) 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. Companhia Siderurgica Nacional'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 Companhia Siderurgica Nacional SID pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Companhia Siderurgica Nacional stock (SID) does not pass 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. Companhia Siderurgica Nacional's interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Companhia Siderurgica Nacional SID pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Companhia Siderurgica Nacional stock (SID) does not pass 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. Companhia Siderurgica Nacional's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Companhia Siderurgica Nacional SID stock?

Companhia Siderurgica Nacional (SID) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Companhia Siderurgica Nacional returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Companhia Siderurgica Nacional SID pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Companhia Siderurgica Nacional stock (SID) 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. Companhia Siderurgica Nacional 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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Companhia Siderurgica Nacional

NYSE

Shariah-Compliant

Not Shariah

SID

About

Companhia Siderurgica Nacional

SID

Companhia Siderúrgica Nacional S.A. - ADR represents shares of the Companhia Siderúrgica Nacional (CSN), one of Brazil's leading steel manufacturers. This American Depositary Receipt (ADR) trades primarily on the New York Stock Exchange, making access to CSN's equity simple for U.S.-based investors. CSN operates one of the most integrated steel complexes in South America, serving industries such as automotive, construction, and home appliances, and is a pivotal player in Brazil's infrastructure and industrial sectors. The ADR offers investors exposure to the diverse operations of CSN, which not only include steel production but also extend to mining, logistics, cement, and energy sectors. Because of its vertical integration, CSN can control costs and maintain a strong supply chain, bolstering its market presence regionally and internationally. The company's strategic role in supporting industrial growth and infrastructure development highlights its significance in both domestic and international markets.

Sector:

Basic Materials

Industry:

Steel

Employees:

24924

Website:

https://www.csn.com.br

SID

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Companhia Siderurgica Nacional

About

Companhia Siderurgica Nacional

SID

Frequently asked questions

Is Companhia Siderurgica Nacional SID stock halal to invest in?

How often is Companhia Siderurgica Nacional SID reviewed for Shariah compliance?

Does Companhia Siderurgica Nacional SID pass the AAOIFI Non Permissible Income criteria?

Does Companhia Siderurgica Nacional SID pass the AAOIFI Interest Bearing Investments criteria?

Does Companhia Siderurgica Nacional SID pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Companhia Siderurgica Nacional SID stock?

Does Companhia Siderurgica Nacional SID pass the AAOIFI Preference Share screen?

Can I buy Companhia Siderurgica Nacional (SID) stock on Tabadulat?

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