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Is REX American Resources Corp Stock Halal?
Shariah Compliance Analysis of REX Stock
No. As of November 2026, REX American Resources Corp (REX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. REX American Resources Corp does not pass Musaffa's business and financial screening criteria.
REX American Resources Corp. is a holding company, which engages in the investment in alternative energy and ethanol production entities. The company is headquartered in Dayton, Ohio and currently employs 132 full-time employees. The firm operates through the ethanol and by-products segment. Its ethanol operations are focused on corn, ethanol, distillers’ grains, distillers corn oil and natural gas. The firm has interests in over six ethanol production facilities, which in aggregate shipped approximately 730 million gallons of ethanol. The firm has ownership of the gallons shipped by the ethanol production facilities, which has ownership interests in approximately 300 million gallons. The firm operates through its subsidiaries, including One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen), and Big River Resources, LLC (Big River). The Company’s ethanol production facilities are located across Illinois, Indiana, Iowa, Minnesota, Nebraska, Ohio, and South Dakota.
REX Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, REX American Resources Corp is classified as not halal.
NOT HALALREX American Resources Corp (REX) Chart
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Financial Metrics & Statements of REX American Resources Corp (REX)
FAQ's for REX American Resources Corp (REX)
- As of November 2026, REX American Resources Corp REX 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 REX American Resources Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in REX American Resources Corp 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 REX American Resources Corp 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 REX American Resources Corp 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 REX American Resources Corp 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 REX American Resources Corp (REX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.