US EQUITIES CLOSED CRYPTO 24/7
HALAL TRADING ROOM Sharia-screened signals
TERMINAL
AR

ARI.JO

Stock African Rainbow Minerals Limited
$18353.00

Johannesburg Stock Exchange · Materials · ZA

Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 8.01%
🕌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.

African Rainbow Minerals Limited (ARI.JO) 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
$21960.00
+19.7% · 5 analysts
Institutional own.
54.3%
of shares
NON-COMPLIANT
Sharia compliance
8.01%
Non-permissible income — HTR, from filings (2024-06-30)
$21960.00
Price target (+19.7%) · 5 analysts
54.3%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-06-30. ARI.JO 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 5.14% 30.00% Pass
Interest-bearing investments 22.01% 30.00% Pass
Non-permissible income 8.01% 5.00% Fail

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 2.90% 33.00% Pass
Interest-bearing investments 12.45% 33.00% Pass
Non-liquid assets 81.25% at least 20.00% Pass
Non-permissible income 8.01% 5.00% Fail

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 2.90% 33.33% Pass
Cash + interest-bearing securities 12.45% 33.33% Pass
Accounts receivable 18.75% 33.33% Pass
Non-permissible income 8.01% 5.00% Fail

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 2.90% 33.33% Pass
Cash + interest-bearing securities 12.45% 33.33% Pass
Accounts receivable 18.75% 50.00% Pass
Non-permissible income 8.01% 5.00% Fail

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 5.03% 33.00% Pass
Cash + interest-bearing securities 21.53% 33.00% Pass
Accounts receivable 10.90% 33.00% Pass
Non-permissible income 8.01% 5.00% Fail

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 4.90% 33.00% Pass
Cash + interest-bearing securities 21.02% 49.00% Pass
Accounts receivable 10.64% 49.00% Pass
Non-permissible income 8.01% 5.00% Fail

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 4.90% 33.33% Pass
Cash + interest-bearing securities 21.02% 33.33% Pass
Accounts receivable 31.66% 49.00% Pass
Non-permissible income 8.01% 5.00% Fail

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

26,786.4223,959.0621,131.7118,304.3515,477.002025-09-122026-03-132026-09-11

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

Support & Resistance
S3
16703.00
S2
17338.00
S1
17957.00
PIVOT
18592.00
R1
19211.00
R2
19846.00
R3
20465.00

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
16,261.74 20,328.26
±11.11% from 18,295.00, made 2026-09-04 · resolves 2026-09-11
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 22534 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

STRONG SELL
19 indicators
OscillatorsSTRONG SELL
0 buy · 4 neutral · 3 sell
Moving averagesSTRONG SELL
4 buy · 0 neutral · 8 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)50.30NEUTRAL
Stochastic %K (14)40.22NEUTRAL
CCI (20)-11.98NEUTRAL
Williams %R (14)-59.78NEUTRAL
MACD (12,26,9)-30.22SELL
ROC (10)-3.12SELL
Momentum (10)-591.00SELL
EMA (10)18560.54SELL
SMA (10)18394.80SELL
EMA (20)18420.97SELL
SMA (20)18582.95SELL
EMA (30)18298.86BUY
SMA (30)18306.87BUY
EMA (50)18328.58BUY
SMA (50)17727.68BUY
EMA (100)18879.80SELL
SMA (100)19069.08SELL
EMA (200)19395.57SELL
SMA (200)20438.74SELL

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 African Rainbow Minerals Limited

Basic Materials · Other Industrial Metals & Mining

African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa, Malaysia, and Switzerland. It explores for platinum group metals, nickel, coal, iron ore, copper, manganese ore, and chrome, as well as gold deposits. African Rainbow Minerals Limited was incorporated in 1933 and is based in Sandton, South Africa.

arm.co.za ↗

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

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.