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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
AF

AFRY.ST

Stock Afry AB
$103.40

Nasdaq Stockholm · Industrials · SE

Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 0.15%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Afry AB (AFRY.ST) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Price target
$132.17
+27.8% · 6 analysts
Institutional own.
59.3%
of shares
NON-COMPLIANT
Sharia compliance
0.15%
Non-permissible income — HTR, from filings (2025-12-31)
$132.17
Price target (+27.8%) · 6 analysts
59.3%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. AFRY.ST files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 70.08% 30.00% Fail
Interest-bearing investments 12.04% 30.00% Pass
Non-permissible income 0.15% 5.00% Pass

Usmani Pass

RatioValueThresholdResult
Interest-bearing debt 29.67% 33.00% Pass
Interest-bearing investments 5.10% 33.00% Pass
Non-liquid assets 77.36% at least 20.00% Pass
Non-permissible income 0.15% 5.00% Pass

MSCI Pass

RatioValueThresholdResult
Interest-bearing debt 29.67% 33.33% Pass
Cash + interest-bearing securities 5.10% 33.33% Pass
Accounts receivable 22.64% 33.33% Pass
Non-permissible income 0.15% 5.00% Pass

FTSE Pass

RatioValueThresholdResult
Interest-bearing debt 29.67% 33.33% Pass
Cash + interest-bearing securities 5.10% 33.33% Pass
Accounts receivable 22.64% 50.00% Pass
Non-permissible income 0.15% 5.00% Pass

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 51.08% 33.00% Fail
Cash + interest-bearing securities 8.77% 33.00% Pass
Accounts receivable 30.20% 33.00% Pass
Non-permissible income 0.15% 5.00% Pass

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 50.99% 33.00% Fail
Cash + interest-bearing securities 8.76% 49.00% Pass
Accounts receivable 30.15% 49.00% Pass
Non-permissible income 0.15% 5.00% Pass

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 50.99% 33.33% Fail
Cash + interest-bearing securities 8.76% 33.33% Pass
Accounts receivable 38.90% 49.00% Pass
Non-permissible income 0.15% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

164.72148.54132.36116.18100.002025-09-122026-03-132026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
99.67
S2
100.53
S1
101.07
PIVOT
101.93
R1
102.47
R2
103.33
R3
103.87

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
99.69 108.51
±4.24% from 104.10, made 2026-09-04 · resolves 2026-09-11
BUY
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 22509 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

SELL
19 indicators
OscillatorsSTRONG SELL
1 buy · 4 neutral · 2 sell
Moving averagesNEUTRAL
6 buy · 0 neutral · 6 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)50.60NEUTRAL
Stochastic %K (14)61.70NEUTRAL
CCI (20)12.98NEUTRAL
Williams %R (14)-38.30NEUTRAL
MACD (12,26,9)0.03BUY
ROC (10)-0.48SELL
Momentum (10)-0.50SELL
EMA (10)102.80BUY
SMA (10)103.07BUY
EMA (20)103.02BUY
SMA (20)102.60BUY
EMA (30)103.39BUY
SMA (30)103.32BUY
EMA (50)104.66SELL
SMA (50)104.00SELL
EMA (100)109.37SELL
SMA (100)108.59SELL
EMA (200)121.38SELL
SMA (200)120.44SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About Afry AB

Industrials · Engineering & Construction

Afry AB provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally. It operates through Energy, Industry, and Transportation & Places segments. The company offers architecture and design services; automation and manufacturing solutions; automotive and mobility services; building solutions for airports, culture and sports facilities, high security facilities, hospitals, healthcare and research facilities, hotels and restaurants, housing and industrial facilities, offices, retail properties, schools and academic facilities, and stations and terminals; defense technology systems; digital solutions and information technology services; and engineering and consulting services for energy and power applications. It also provides sustainable and environmental solutions; services for food, life science, and pharmaceutical industries; management consulting services; solutions for processing industries, including mining and metals, food and beverage, pulp and paper, and chemical industries, as well as biorefining and biobased solutions; product development services; project management services; transport infrastructure services; solutions for water management; and consulting services and software products. The company was formerly known as ÅF Pöyry AB (publ) and changed its name to Afry AB in June 2021. Afry AB was founded in 1895 and is headquartered in Stockholm, Sweden.

afry.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

🕌 In-house Ratio Research — filings.xbrl.org ESEF XBRL

Research only, not the primary verdict above — SEC EDGAR (the source for the main in-house research card, if shown) has no data for this symbol, so this is computed from a real, country-specific filing instead. Business-activity screening isn't part of this check.

AAOIFI Standard 21 (% of market cap) — Unverified
Debt ratio no data
Investments ratio 10.8% (< 30%)
Non permissible income ratio no data
Usmani (% of total assets) — Unverified
Debt ratio no data
Investments ratio 4.5% (< 33%)
Nonliquid assets ratio 95.5% (< 20%)
Non permissible income ratio no data
Net liquid assets -$7.1B (mkt cap $11.7B)

Based on the filing period ending 2024-12-31, figures in SEK.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-08 · Asset managers net 912361 (-21819)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.