Is Afarak Group SE halal to invest in?

As of October 2026, Afarak Group SE AFAGR.HE is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Afarak Group SE a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Afarak Group SE using these criteria to determine its compliance status.

Can Muslims buy shares of Afarak Group SE?

Muslim investors may consider investing in Afarak Group SE if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Afarak Group SE classified as HALAL?

Musaffa determines the Shariah status of Afarak Group SE by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Afarak Group SE updated?

The Shariah compliance status of Afarak Group SE may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Afarak Group SE become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Afarak Group SE?

You can check the latest Shariah compliance status of Afarak Group SE on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Is Afarak Group SE Stock Halal?

Shariah Compliance Analysis of AFAGR.HE Stock

Finland Materials Micro Cap

Yes. As of October 2026, Afarak Group SE (AFAGR.HE) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Afarak Group SE passes Musaffa's business and financial screening criteria.

Afarak Group SE engages in chrome mining and the production of minerals. The company is headquartered in Helsinki, Etela-Suomen and currently employs 626 full-time employees. The Company’s business comprises two production divisions, FerroAlloys and Speciality Alloys, and a sales and marketing operation, RSC Limited. The FerroAlloys business consists of the Stellite mine, the alloy processing plant Mogale and the Mecklemburg development project in South Africa and the Waylox mine development project in Zimbabwe. The business produces chrome ore, Charge Chrome, Silico Manganese and Stainless Steel Alloy and exports chrome ore directly to global markets. The Spieciality Alloys business consists of the TMS mining and beneficiation operation in Turkey and the EWW, chromite concentrate processing plant in Germany. TMS supplies EWW with chromite concentrate which is used in Specialised Low Carbon and Ultralow Carbon Ferrochrome. Surplus chrome ore is exported from TMS mainly to China. The firm operates a number of subsidiaries worldwide.

Afarak Group SE AFAGR.HE

Last Updated: Oct 14, 12:00 AM·OMX

AFAGR.HE Shariah Compliance

Screening Methodology: AAOIFI

As of October 2026, Afarak Group SE is classified as halal.

HALAL