Is CLEVELAND-CLIFFS INC. (CLF) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 129.4% / 30% | 1.0% / 30% | 25.7% / 30% | 0.23% / 5% | ✗ NOT HALAL |
| DJIM | 129.4% / 33% | 1.0% / 33% | 25.7% / 33% | 0.23% / 5% | ✗ NOT HALAL |
| MSCI | 36.2% / 33% | 0.3% / 33% | 7.2% / 33% | 0.23% / 5% | ✗ NOT HALAL |
| S&P | 129.4% / 33% | 1.0% / 33% | 25.7% / 33% | 0.23% / 5% | ✗ NOT HALAL |
| FTSE | 36.2% / 33% | 0.3% / 33% | 7.2% / 50% | 0.23% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -4.6% | |
| Operating Margin | -6.5% | |
| Net Margin | -7.9% | |
| Return on Equity (ROE) | -21.6% | |
| Return on Assets (ROA) | -3.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$462M |
| Free Cash Flow | -$1.0B |
| Total Debt | $7.3B |
| Debt-to-Equity | 126.0 |
| Current Ratio | 1.9 |
| Total Assets | $20.0B |
Price & Trading
| Last Close | $8.49 |
| 50-Day MA | $11.28 |
| 200-Day MA | $11.29 |
| Avg Volume | 18.0M |
| Beta | 1.9 |
|
52-Week Range
$5.63
| |
About CLEVELAND-CLIFFS INC. (CLF)
Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
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Frequently Asked Questions
Is CLEVELAND-CLIFFS INC. (CLF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CLEVELAND-CLIFFS 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 CLEVELAND-CLIFFS INC.'s debt ratio?
CLEVELAND-CLIFFS INC.'s debt ratio is 129.4% 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 36.2%.
What are CLEVELAND-CLIFFS INC.'s key financial metrics?
CLEVELAND-CLIFFS INC. has a market capitalization of $4.6B, and revenue of $18.6B. The company maintains a gross margin of -4.6% and a net margin of -7.9%. Return on equity stands at -21.6%.
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.