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Shariah compliance overview

Not Halal

American Resources Corporation (AREC) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About American Resources Corporation

American Resources Corporation focuses on the entire supply chain for metallurgical coal, from its initial extraction and refinement to its transportation, distribution, and final sale, primarily serving the steel manufacturing sector.

American Resources Corporation (AREC) operates in the Energy sector, in the Coal industry.

Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing securities and assets.

Business Activity
100.00%Limit 5%Fail
Interest-bearing debt
4.69%Limit 30%Pass
Interest-bearing securities and assets
63.65%Limit 30%Fail
Dividend purification
100.00%Share of dividends to give to charityPurification calculator

Last updated: Oct 23, 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 American Resources Corporation (AREC). Current Akinda screening label: Not Halal.