Is Companhia Siderurgica Nacional SID stock halal to invest in?

No, as of February 2026, Companhia Siderurgica Nacional stock (SID) is currently categorized as NOT Shariah Compliant. The company's status is determined by a rigorous financial screening process, which uses the criteria set by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as the primary global standard for Islamic investing. Companhia Siderurgica Nacional has been assessed to have exceeded the permissible financial thresholds—specifically in areas like interest-bearing debt or non-permissible income (such as income from interest)—and, therefore, does not qualify as a halal investment under the current review. For investors seeking Shariah compliant global stocks, it is essential to check the latest compliance status, as these screenings are updated regularly (e.g., monthly) or upon the release of new financial reports. You can find the most current status for Companhia Siderurgica Nacional and alternative halal stock options within the Tabadulat app.

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

At Tabadulat, we receive Shariah compliance data on Companhia Siderurgica Nacional SID monthly. We apply the rigorous AAOIFI screening methodology under the direct supervision of our dedicated Shariah Supervisory Board to ensure your investments are consistently compliant.

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

Yes, as of February 2026, Companhia Siderurgica Nacional stock (SID) passes the AAOIFI Non Permissible Income criterion. The company's income from non-permissible sources, such as interest, is below the acceptable threshold set by AAOIFI.

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

No, as of February 2026, Companhia Siderurgica Nacional stock (SID) does not pass the AAOIFI Interest Bearing Investments criterion. The company's interest-bearing investments have exceeded the permissible threshold set by AAOIFI, indicating the stock is currently not Shariah compliant for this screen.

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

No, as of February 2026, Companhia Siderurgica Nacional stock (SID) does not pass the AAOIFI Interest Bearing Debt criterion. The company's interest-bearing debt has exceeded the permissible threshold set by AAOIFI, indicating the stock is currently not Shariah compliant for this screen.

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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 STOCK pass the AAOIFI Interest Bearing Debt criteria?

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