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Is Cleveland-Cliffs Inc Stock Halal?
Shariah Compliance Analysis of CLF Stock
United States Materials Mid Cap No. As of November 2026, Cleveland-Cliffs Inc (CLF) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Cleveland-Cliffs Inc does not pass Musaffa's business and financial screening criteria.
Cleveland-Cliffs, Inc. is a flat-rolled steel company, which engages in provision of iron ore pellets to the North American steel industry. The company is headquartered in Cleveland, Ohio and currently employs 25,000 full-time employees. The firm is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, and slabs. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless-steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies.
CLF Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Cleveland-Cliffs Inc is classified as not halal.
NOT HALALCleveland-Cliffs Inc (CLF) Chart
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Financial Metrics & Statements of Cleveland-Cliffs Inc (CLF)
FAQ's for Cleveland-Cliffs Inc (CLF)
- As of November 2026, Cleveland-Cliffs Inc CLF is classified as not 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.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Cleveland-Cliffs Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Cleveland-Cliffs Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Cleveland-Cliffs Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Cleveland-Cliffs Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Cleveland-Cliffs Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Cleveland-Cliffs Inc (CLF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
