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Is ArcelorMittal (MT.AS) stock halal?
Questionable
Debt and investments below the thresholds; interest income not published: the last criterion remains to be verified.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 12/31/2024.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 12.9% of total assets | 30% | within threshold |
| Interest-bearing investments | 7.2% of total assets | 30% | within threshold |
| Impermissible income | not published | 5% | to be verified |
Standard: Total assets, 30% threshold.
The three views
- Median view, our reference : the company is admitted, provided the gains are purified.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Total assets, one-third threshold).
Business activity
Sidérurgie
Financial statements read
Fiscal year ended 12/31/2024, in millions of dollars. Source: Annual report of ArcelorMittal (ESEF format), fiscal year ended 2024-12-31.
What could not be verified
- Market capitalization: missing from the filed financial statements, so the AAOIFI ratio is not computed; tolerance is assessed on total assets.
- Interest received: amount not isolated in the filed financial statements.
- Financial statements for the fiscal year ended 12/31/2024: the next annual report was not in the database on the day of reading.
- Activité classée par Halal Bourse d'après l'activité connue de la société, sans lecture du rapport annuel.
- Figures read automatically and not reviewed by a human.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology