Is Almonty Industries Inc. (ALM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.3% / 30% | 0.2% / 30% | 0.1% / 30% | 15.4% / 5% | ✗ NOT HALAL |
| DJIM | 3.3% / 33% | 0.2% / 33% | 0.1% / 33% | 15.4% / 5% | ✗ NOT HALAL |
| MSCI | 61.6% / 33% | 3.1% / 33% | 1.4% / 33% | 15.4% / 5% | ✗ NOT HALAL |
| S&P | 3.3% / 33% | 0.2% / 33% | 0.1% / 33% | 15.4% / 5% | ✗ NOT HALAL |
| FTSE | 61.6% / 33% | 3.1% / 33% | 1.4% / 50% | 15.4% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 10.5% | |
| Operating Margin | -123.2% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -81.6% | |
| Return on Assets (ROA) | -4.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$19M |
| Free Cash Flow | -$80M |
| Total Debt | $162M |
| Debt-to-Equity | 45.3 |
| Current Ratio | 3.9 |
| Total Assets | $590M |
Price & Trading
| Last Close | $14.68 |
| 50-Day MA | $15.22 |
| 200-Day MA | $8.48 |
| Avg Volume | 4.9M |
| Beta | 1.8 |
|
52-Week Range
$2.95
| |
About Almonty Industries Inc. (ALM)
Almonty Industries Inc. engages in mining, processing, and shipping of tungsten concentrates. The company explores for tin and tungsten deposits. It holds 100% interests in the Canada, Korea, Portugal, Spain, and the United States projects and mines. The company is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is Almonty Industries Inc. (ALM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Almonty Industries Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Almonty Industries Inc.'s debt ratio?
Almonty Industries Inc.'s debt ratio is 3.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 61.6%.
What are Almonty Industries Inc.'s key financial metrics?
Almonty Industries Inc. has a market capitalization of $4.2B, and revenue of $33M. Return on equity stands at -81.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.