Is FRIEDMAN INDUSTRIES INC (FRD) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 38.6% / 30% | 2.8% / 30% | 36.3% / 30% | 1.77% / 5% | ✗ NOT HALAL |
| DJIM | 38.6% / 33% | 2.8% / 33% | 36.3% / 33% | 1.77% / 5% | ✗ NOT HALAL |
| MSCI | 22.3% / 33% | 1.6% / 33% | 20.9% / 33% | 1.77% / 5% | ✓ HALAL |
| S&P | 38.6% / 33% | 2.8% / 33% | 36.3% / 33% | 1.77% / 5% | ✗ NOT HALAL |
| FTSE | 22.3% / 33% | 1.6% / 33% | 20.9% / 50% | 1.77% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.6% | |
| Operating Margin | 21.6% | |
| Net Margin | 2.7% | |
| Return on Equity (ROE) | 11.6% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$9M |
| Total Debt | $50M |
| Current Ratio | 3.6 |
| Total Assets | $227M |
Price & Trading
| Last Close | $18.01 |
| 50-Day MA | $18.81 |
| 200-Day MA | $19.10 |
| Avg Volume | 23K |
| Beta | 1.6 |
|
52-Week Range
$12.24
| |
About FRIEDMAN INDUSTRIES INC (FRD)
Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States. It operates in two segments, Flat-Roll Products and Tubular Products. The Flat-Roll Product segment is involved in the operation of hot-rolled coil processing facilities to cut the coils into sheets and plates, as well as the provision of process and storage services for customer-owned coils on a fee basis. The Tubular Product segment manufactures line and oil country pipes, as well as pipes for structural applications. It serves customers manufacturing steel products, and steel and pipe distributors. The company was incorporated in 1965 and is headquartered in Longview, Texas.
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Frequently Asked Questions
Is FRIEDMAN INDUSTRIES INC (FRD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FRIEDMAN 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 FRIEDMAN INDUSTRIES INC's debt ratio?
FRIEDMAN INDUSTRIES INC's debt ratio is 38.6% 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 22.3%.
What are FRIEDMAN INDUSTRIES INC's key financial metrics?
FRIEDMAN INDUSTRIES INC has a market capitalization of $127M, trailing P/E ratio of 8.0, and revenue of $445M. The company maintains a gross margin of 12.6% and a net margin of 2.7%. Return on equity stands at 11.6%.
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.