Shariah screening · industry
Halal Steel Stocks
90 Steel issuers carry a screening verdict, out of 118 issuers we hold in this industry. Verdicts come from two independent engines and each row says which.
Verdict split
48 compliant 41%
42 non-compliant 36%
28 no verdict yet 24%
89 screened by our own engine against published ratio methodologies computed from primary filings · 4 carrying a reviewed third-party provider verdict.
Classified under Materials.
Do the standards agree here?
The seven standards HTR computes reach different verdicts on 56 of the 108 Steel issuers that more than one of them can decide — 52%.
A split is one issuer at least one standard passes and at least one fails. Why they disagree is mostly the denominator each standard measures debt against, not the ceiling.
Screened issuers
Compliant first, then the other verdicts, then the issuers with no verdict yet; alphabetical within each. Every row links to that issuer's full ratio breakdown, business-activity screen and the filing behind it.
| Issuer | Verdict | Screened | Source |
|---|---|---|---|
| APLAPOLLO.BO APL Apollo Tubes Limited | COMPLIANT | 2026-08-26 | in-house |
| BANSALWIRE.NS Bansal Wire Industries Limited | COMPLIANT | 2026-08-27 | in-house |
| BHARATWIRE.NS Bharat Wire Ropes Limited | COMPLIANT | 2026-08-27 | in-house |
| BMSTL.IS Bms Birlesik Metal Sanayi ve Ticaret A.S. | COMPLIANT | 2026-08-27 | in-house |
| 0990.HK Deep Source Holdings Limited | COMPLIANT | 2026-08-27 | in-house |
| GALLANTT.NS Gallantt Ispat Limited | COMPLIANT | 2026-08-27 | in-house |
| GPIL.BO Godawari Power & Ispat Limited | COMPLIANT | 2026-08-26 | in-house |
| GPIL.NS Godawari Power & Ispat Limited | COMPLIANT | 2026-08-26 | in-house |
| HITECH.NS Hi-Tech Pipes Limited | COMPLIANT | 2026-08-27 | in-house |
| HLP Hongli Group Inc | COMPLIANT | 2026-11-09 | provider |
| JAIBALAJI.BO Jai Balaji Industries Limited | COMPLIANT | 2026-08-26 | in-house |
| JAIBALAJI.NS Jai Balaji Industries Limited | COMPLIANT | 2026-08-26 | in-house |
| JINDALSAW.NS Jindal Saw Limited | COMPLIANT | 2026-08-26 | in-house |
| JSL.NS Jindal Stainless Limited | COMPLIANT | 2026-08-26 | in-house |
| JINDALSTEL.NS Jindal Steel Limited | COMPLIANT | 2026-08-26 | in-house |
| JTLIND.BO JTL Industries Limited | COMPLIANT | 2026-08-27 | in-house |
| KSL.NS Kalyani Steels Limited | COMPLIANT | 2026-08-27 | in-house |
| KAMDHENU.NS Kamdhenu Limited | COMPLIANT | 2026-08-27 | in-house |
| LLOYDSENT.BO Lloyds Enterprises Limited | COMPLIANT | 2026-08-27 | in-house |
| MANINDS.BO Man Industries (India) Limited | COMPLIANT | 2026-08-27 | in-house |
| MTUS Metallus Inc. | COMPLIANT | 2026-11-09 | provider |
| MIDHANI.BO Mishra Dhatu Nigam Limited | COMPLIANT | 2026-08-26 | in-house |
| MIDHANI.NS Mishra Dhatu Nigam Limited | COMPLIANT | 2026-08-26 | in-house |
| MSPL.NS MSP Steel & Power Limited | COMPLIANT | 2026-08-28 | in-house |
| 5563.T Nippon Denko Co., Ltd. | COMPLIANT | 2026-08-26 | in-house |
| NMDC.BO NMDC Limited | COMPLIANT | 2026-08-26 | in-house |
| NWPX Northwest Pipe Co. | COMPLIANT | 2026-11-09 | provider |
| OUT1V.HE Outokumpu Oyj | COMPLIANT | 2026-08-27 | in-house |
| PRAKASH.BO Prakash Industries Limited | COMPLIANT | 2026-08-27 | in-house |
| RAJRATAN.BO Rajratan Global Wire Limited | COMPLIANT | 2026-08-27 | in-house |
| RAMASTEEL.NS Rama Steel Tubes Limited | COMPLIANT | 2026-08-27 | in-house |
| RATNAMANI.BO Ratnamani Metals & Tubes Limited | COMPLIANT | 2026-08-26 | in-house |
| SARDAEN.BO Sarda Energy & Minerals Limited | COMPLIANT | 2026-08-26 | in-house |
| SARDAEN.NS Sarda Energy & Minerals Limited | COMPLIANT | 2026-08-26 | in-house |
| 000825.SZ Shanxi Taigang Stainless Steel Co., Ltd. | COMPLIANT | 2026-08-26 | in-house |
| SHYAMMETL.BO Shyam Metalics and Energy Limited | COMPLIANT | 2026-08-26 | in-house |
| SHYAMMETL.NS Shyam Metalics and Energy Limited | COMPLIANT | 2026-08-26 | in-house |
| SGM.AX Sims Limited | COMPLIANT | 2026-08-27 | in-house |
| STLD Steel Dynamics Inc. | COMPLIANT | 2026-11-09 | provider |
| STEELCAS.BO Steelcast Limited | COMPLIANT | 2026-08-27 | in-house |
| SUNFLAG.NS Sunflag Iron and Steel Company Limited | COMPLIANT | 2026-08-27 | in-house |
| SURYAROSNI.NS Surya Roshni Limited | COMPLIANT | 2026-08-26 | in-house |
| ORISSAMINE.NS The Orissa Minerals Development Company Limited | COMPLIANT | 2026-08-27 | in-house |
| SANDUMA.BO The Sandur Manganese & Iron Ores Limited | COMPLIANT | 2026-08-27 | in-house |
| USHAMART.BO Usha Martin Limited | COMPLIANT | 2026-08-26 | in-house |
| VSSL.BO Vardhman Special Steels Limited | COMPLIANT | 2026-08-27 | in-house |
| VENUSPIPES.NS Venus Pipes and Tubes Limited | COMPLIANT | 2026-08-27 | in-house |
| WELCORP.BO Welspun Corp Limited | COMPLIANT | 2026-08-26 | in-house |
| ASTL Algoma Steel Group Inc. | NON-COMPLIANT | 2026-08-27 | in-house |
| 0347.HK Angang Steel Company Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| 600569.SS Anyang Iron and Steel Co.,Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| ACL.JO ArcelorMittal South Africa Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| 000761.SZ Bengang Steel Plates Co., Ltd. | NON-COMPLIANT | 2026-08-27 | in-house |
| BRYAT.IS Borusan Yatirim ve Pazarlama A.S. | NON-COMPLIANT | 2026-08-27 | in-house |
| CAP.SN CAP S.A. | NON-COMPLIANT | 2026-08-27 | in-house |
| 2002.TW China Steel Corporation | NON-COMPLIANT | 2026-08-27 | in-house |
| 601005.SS Chongqing Iron & Steel Company Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| COG.WA Cognor Holding S.A. | NON-COMPLIANT | 2026-08-27 | in-house |
| CSNA3.SA Companhia Siderúrgica Nacional | NON-COMPLIANT | 2026-08-27 | in-house |
| 005160.KQ Dongkuk Industries Co., Ltd. | NON-COMPLIANT | 2026-08-27 | in-house |
| 460860.KS Dongkuk Steel Mill Company Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| 600307.SS Gansu Jiu Steel Group Hongxing Iron & Steel Co.,Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| GOODLUCK.BO Goodluck India Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| GRR.AX Grange Resources Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| 000717.SZ Guangdong Zhongnan Iron and Steel Co., Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| 002132.SZ Henan Hengxing Science & Technology Co.,Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| 004020.KS Hyundai Steel Company | NON-COMPLIANT | 2026-08-27 | in-house |
| IZMDC.IS Izmir Demir Çelik Sanayi Anonim Sirketi | NON-COMPLIANT | 2026-08-27 | in-house |
| JAYNECOIND.BO Jayaswal Neco Industries Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| JSWSTEEL.BO JSW Steel Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| KLKNF Klöckner & Co SE | NON-COMPLIANT | 2026-08-27 | in-house |
| 5406.T Kobe Steel, Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| 600231.SS Lingyuan Iron & Steel Co., Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| LLOYDSME.BO Lloyds Metals and Energy Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| 0323.HK Maanshan Iron & Steel Company Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| MAHSEAMLES.NS Maharashtra Seamless Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| MAITHANALL.BO Maithan Alloys Limited | NON-COMPLIANT | 2026-08-27 | in-house |
| 600058.SS Minmetals Development Co., Ltd. | NON-COMPLIANT | 2026-08-26 | in-house |
| MUKANDLTD.NS Mukand Limited | NON-COMPLIANT | 2026-08-28 | in-house |
| NSLNISP.NS NMDC Steel Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| 005490.KS POSCO Holdings Inc. | NON-COMPLIANT | 2026-08-27 | in-house |
| 8075.T Shinsho Corporation | NON-COMPLIANT | 2026-08-26 | in-house |
| STP.WA Stalprodukt S.A. | NON-COMPLIANT | 2026-08-28 | in-house |
| SAIL.NS Steel Authority of India Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| TATASTEEL.NS Tata Steel Limited | NON-COMPLIANT | 2026-08-26 | in-house |
| 002710.KS TCC Steel Corp. | NON-COMPLIANT | 2026-08-27 | in-house |
| 601686.SS Tianjin You Fa Steel Pipe Group Stock Co., Ltd. | NON-COMPLIANT | 2026-08-27 | in-house |
| VISL.NS Vedanta Iron and Steel Limited | NON-COMPLIANT | 2026-08-28 | in-house |
| 2023.TW Yieh Phui Enterprise Co., Ltd. | NON-COMPLIANT | 2026-08-27 | in-house |
| CEMTS.IS Çemtas Çelik Makina Sanayi ve Ticaret A.S. | NON-COMPLIANT | 2026-08-27 | in-house |
| 5423.T | NO VERDICT | — | not screened yet |
| 5446.T | NO VERDICT | — | not screened yet |
| 5449.T | NO VERDICT | — | not screened yet |
| 5451.T | NO VERDICT | — | not screened yet |
| 5458.T | NO VERDICT | — | not screened yet |
| 5461.T | NO VERDICT | — | not screened yet |
| 5484.T | NO VERDICT | — | not screened yet |
| 5602.T | NO VERDICT | — | not screened yet |
| 5921.T | NO VERDICT | — | not screened yet |
| 7986.T | NO VERDICT | — | not screened yet |
Showing 1–100 of 118
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How these verdicts are reached
The ratio thresholds and business-activity rules behind every row above.
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