VALE S.A. (VALE) - Halal (Shariah-Compliant)
VALE S.A. (VALE) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Other Industrial Metals & Mining" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 7.9% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.18%.Based on the company's financial statements, approximately 0.18% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (0.18% of total income). Some scholars may differ on the exact calculation method.
About VALE S.A.
Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous products, and by-products, including gold, silver, cobalt, platinum-group metals, and other base metals, as well as low-carbon critical minerals. The company also operates logistics systems and distribution centers, such as mining complexes, railways, and maritime terminals, ports, and ships; generates energy from hydroelectric, solar, and wind sources; and engages in greenfield mineral exploration. In addition, it is involved in research; and trading activities. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio De Janeiro, Brazil.
Frequently Asked Questions
Is VALE S.A. (VALE) stock halal to invest in?
According to AAOIFI Shariah screening standards, VALE S.A. (VALE) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
