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Is Nokian Renkaat Oyj stock halal?
Thresholds exceeded under all standards, and the strict view excludes it.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 12/31/2025.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 35% of total assets | 30% | threshold exceeded |
| Interest-bearing investments | 6.3% 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 excluded.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is excluded.
Business activity
Conception et fabrication de pneus pour voitures, camionnettes et engins lourds, matériaux et services de rechapage ; activité secondaire de chaîne de vente de pneus (Vianor)
Financial statements read
Fiscal year ended 12/31/2025, in millions of euros. Source: Annual report of Nokian Renkaat Oyj (ESEF format), fiscal year ended 2025-12-31.
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.
- Activity classified automatically from the "nature of activities" note of the annual report, without human review: to be confirmed.
- Figures read automatically and not reviewed by a human.
In the same sector
- Tesla, Inc. Permitted
- RTX Corp Questionable
- BOEING CO Prohibited
- LOCKHEED MARTIN CORP Questionable
- GENERAL DYNAMICS CORP Permitted
- General Motors Co Prohibited
- HONEYWELL INTERNATIONAL INC Permitted
- TransDigm Group INC Prohibited
Compliance comparison only: no opinion on the value of these securities.
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