ALB

Albemarle Corporation

HALAL

Score: 80/100

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Is ALB Halal?

Lithium and specialty-chemicals producer — a permissible mining and materials business, with cyclical debt that should be screened.

What You Should Know

Albemarle Corporation is one of the world's largest producers of lithium for electric-vehicle and energy-storage batteries, alongside bromine specialties and catalysts. Mining and processing industrial materials is a clearly permissible activity with no haram revenue line. The main screening item is the balance sheet: Albemarle is capital-intensive and cyclical with lithium prices, so its total-debt-to-market-cap ratio swings and should be confirmed against the 33% threshold using the latest filings. Interest income on cash is incidental and should be checked against the 5% threshold and purified.

⚠️ Concerns

•Capital-intensive and cyclical — total debt / market cap moves with lithium prices and should be confirmed against the 33% threshold against the latest filings
•Incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
•Re-screen the financial ratios periodically given the commodity-price sensitivity