Is Orion S.A. (OEC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 399.2% / 30% | 21.8% / 30% | 100.0% / 30% | 4.09% / 5% | ✗ NOT HALAL |
| DJIM | 399.2% / 33% | 21.8% / 33% | 100.0% / 33% | 4.09% / 5% | ✗ NOT HALAL |
| MSCI | 58.3% / 33% | 3.2% / 33% | 14.6% / 33% | 4.09% / 5% | ✗ NOT HALAL |
| S&P | 399.2% / 33% | 21.8% / 33% | 100.0% / 33% | 4.09% / 5% | ✗ NOT HALAL |
| FTSE | 58.3% / 33% | 3.2% / 33% | 14.6% / 50% | 4.09% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.9% | |
| Operating Margin | 4.8% | |
| Net Margin | -3.9% | |
| Return on Equity (ROE) | -16.3% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $216M |
| Free Cash Flow | $55M |
| Total Debt | $1.1B |
| Debt-to-Equity | 289.1 |
| Current Ratio | 1.0 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $6.26 |
| 50-Day MA | $5.91 |
| 200-Day MA | $7.40 |
| Avg Volume | 743K |
| Beta | 1.0 |
|
52-Week Range
$4.34
| |
About Orion S.A. (OEC)
Orion S.A., together with its subsidiaries, engages in the manufacture and sale of carbon black products. The company operates in two segments, Specialty Carbon Black and Rubber Carbon Black. It offers post-treated specialty carbon black grades for coatings and printing applications, as well as high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings. The company also provides rubber carbon black products for tires, such as high-reinforcing grades and semi-reinforcing grades under the ECORAX brand, as well as for mechanical rubber goods end users, including automotive production, construction, as well as certain food, consumer, and medical applications. It operates in the United States, Brazil, rest of the Americas, Germany, South Africa, Italy, Spain, Czech republic, Poland, Italy, Turkey, France, Rest of EMEA, China, the Republic of Korea, and rest of Asia. The company was formerly known as Orion Engineered Carbons S.A. and changed its name to Orion S.A. in June 2023. Orion S.A. was founded in 1862 and is headquartered in Senningerberg, Luxembourg.
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Frequently Asked Questions
Is Orion S.A. (OEC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Orion S.A. 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 Orion S.A.'s debt ratio?
Orion S.A.'s debt ratio is 399.2% 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 58.3%.
What are Orion S.A.'s key financial metrics?
Orion S.A. has a market capitalization of $341M, and revenue of $1.8B. The company maintains a gross margin of 19.9% and a net margin of -3.9%. Return on equity stands at -16.3%.
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.