Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Nucor Corporation (NUE) Halal?

PASS

Nucor Corporation · NYSE: NUE · Materials

The short answer

Yes -- Nucor Corporation (NUE) passes this Shariah stock screen at all three gates. Per its FY2025 10-K, its core business is manufacturing steel and steel products (three segments: steel mills, steel products, raw materials) -- a permissible industrial business with no conventional lending/insurance, alcohol, gambling, pork, tobacco, or weapons activity. Its interest-bearing debt of $8,073M is about 15.02% of its ~$53.75B market cap ($235.98 latest close retrieved October 2, 2026), below the ~33% ceiling, and its separately disclosed interest income of $111M for FY2025 is about 0.34% of $32,494M in net sales, below the 5% ceiling. All three third-party screeners agree: Zoya flags NUE Shariah-compliant, Musaffa classifies it halal (October 2026), and ShariaPortfolio calls it Shariah Compliant, passing 5/5. This is a factual screen, not a religious ruling.

Gate 1 — Business activity: PASS

Nucor Corporation (NYSE: NUE), based in Charlotte, North Carolina, describes its principal business in its FY2025 10-K as manufacturing steel and steel products, plus producing and procuring ferrous and nonferrous materials for its steelmaking. It reports three segments: steel mills (62% of 2025 sales to external customers -- sheet, plate, structural and bar steel made in electric arc furnaces), steel products (joists, deck, metal buildings, rebar fabrication) and raw materials (scrap brokerage/processing via The David J. Joseph Company; natural gas production). It calls itself North America's largest recycler, recycling about 20 million gross tons of scrap steel in 2025. Business screen (factual, from the filing): no conventional lending or insurance, alcohol, gambling, pork, tobacco, or weapons activity is disclosed. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Nucor's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $8,073M -- short-term debt $122M, current portion of long-term debt and finance lease obligations $1,042M, and long-term debt and finance lease obligations due after one year $6,909M. Against a market cap of about $53.75B ($235.98 latest close retrieved October 2, 2026; 227,774,615 shares outstanding per the 10-K cover), debt divided by market cap is about 15.02%, well below the ~33% ceiling. Cash and cash equivalents of $2,260M are about 4.20% of market cap, or about 5.02% including $439M of short-term investments. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Nucor's FY2025 10-K discloses interest income of $111M for 2025 (shown gross in MD&A and Note 16 -- interest expense $170M less interest income $111M equals the $59M net line on the income statement) against net sales of $32,494M -- about 0.34% of revenue, far below the 5% non-compliant income ceiling. The interest income line is separately disclosed, not buried in revenue. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Nucor do?

Nucor Corporation (NYSE: NUE), based in Charlotte, North Carolina, describes its principal business in its FY2025 10-K as manufacturing steel and steel products, plus producing and procuring ferrous and nonferrous materials for its own steelmaking. It calls itself North America's largest recycler, using scrap steel as the primary raw material (about 20 million gross tons recycled in 2025), and reports three segments: steel mills (62% of 2025 sales to external customers -- sheet, plate, structural, and bar steel made in electric arc furnaces), steel products (joists, deck, metal buildings, rebar fabrication), and raw materials (scrap brokerage and processing through The David J. Joseph Company, plus natural gas production). Most facilities and customers are in North America. Nothing in the filing describes conventional lending or insurance, alcohol, gambling, pork, tobacco, or weapons activity.

Why does Nucor pass this Shariah stock screen?

Nucor passes all three gates. Gate 1: its core business is steel manufacturing and steel products -- a permissible industrial business with no haram segments per the FY2025 10-K, so the business-activity gate passes. Gate 2: interest-bearing debt of $8,073M (short-term debt $122M, current portion of long-term debt and finance leases $1,042M, long-term debt and finance leases due after one year $6,909M) is about 15.02% of its ~$53.75B market cap, below the ~33% ceiling. Gate 3: separately disclosed interest income of $111M for FY2025 is about 0.34% of net sales of $32,494M, below the 5% non-compliant income ceiling. All three third-party screeners agree: Zoya flags NUE Shariah-compliant, Musaffa classifies it halal (October 2026), and ShariaPortfolio calls it Shariah Compliant, passing 5/5. This is a factual screen, not a religious ruling -- consult a qualified scholar for personal rulings.

What is Nucor's interest-bearing debt ratio?

Per Nucor's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was $8,073M -- short-term debt $122M, current portion of long-term debt and finance lease obligations $1,042M, and long-term debt and finance lease obligations due after one year $6,909M. Against a market cap of about $53.75B ($235.98 latest close retrieved October 2, 2026; 227,774,615 shares outstanding per the 10-K cover), debt divided by market cap is about 15.02% -- well below the ~33% ceiling. Cash and cash equivalents of $2,260M are about 4.20% of market cap, or about 5.02% including $439M of short-term investments.

What is Nucor's non-compliant income ratio?

Nucor's FY2025 10-K discloses interest income of $111M for 2025 (in MD&A and Note 16, shown gross: interest expense $170M less interest income $111M equals the $59M net line on the income statement) against net sales of $32,494M -- about 0.34% of revenue, far below the 5% non-compliant income ceiling. The interest income is separately disclosed, not buried in revenue. Gate 3 passes.

Do Zoya, Musaffa, or ShariaPortfolio cover Nucor?

Yes -- all three cover NUE and agree it is compliant. Zoya covers NUE and flags it Shariah-compliant (zoya.finance/stocks/nue; the page's displayed assessment date was blank when accessed in October 2026), reporting the same filing figures used here: $32,494M revenue and $111M interest income (0.34%). Musaffa covers NUE and classifies it as halal as of October 2026 under its AAOIFI methodology (musaffa.com/stock/NUE/). ShariaPortfolio has an NUE screener page stating Nucor Corp is Shariah Compliant, passing 5/5 Shariah standards. All three coverage statements are consistent with this page's own PASS outcome. This page applies the screen directly from Nucor's own filings and reports these positions honestly.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).