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Shariah compliance overview

Not Halal

SCHMID Group N.V. Class A Ordinary Shares (SHMD) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About SCHMID Group N.V. Class A Ordinary Shares

SCHMID Group N.V. designs and manufactures specialized equipment and comprehensive process solutions for critical sectors such as electronics, solar energy, glass production, and power systems. The company operates globally, with its roots in Germany.

SCHMID Group N.V. Class A Ordinary Shares (SHMD) operates in the Industrials sector, in the Industrial - Machinery industry.

Why it is not classified as halal: it does not pass these screens: Interest-bearing debt.

Business Activity
0.10%Limit 5%Pass
Interest-bearing debt
76.73%Limit 30%Fail
Interest-bearing securities and assets
0.97%Limit 30%Pass
Dividend purification
0.10%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about SCHMID Group N.V. Class A Ordinary Shares (SHMD). Current Akinda screening label: Not Halal.