Reliance Steel & Aluminum Co. is a diversified metal solutions provider and the metals service center company operating across the United States, Canada, and internationally. The company distributes a wide range of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products, and provides metal processing services to various industries. With a network of approximately 315 locations in 40 states in the United States and 13 in other countries, the company sells its products directly to original equipment manufacturers, primarily small machine shops and fabricators.
Frequently asked questions
Is Reliance Steel & Aluminum Co. (RS) stock halal to invest in?
As of , RS is Shariah-compliant and therefore
considered halal to invest in. This assessment is based on the data available in
Reliance Steel & Aluminum Co.'s most recent financial reports.
Does Reliance Steel & Aluminum Co. have any interest income?
No, Reliance Steel & Aluminum Co. has not reported any interest income. According to the company's latest annual
report for the fiscal year ending Dec 31, 2025, Reliance Steel & Aluminum Co. reported total revenue
of 14294300000, with no separate interest income disclosed. However,
it's worth noting that some companies may report interest income as part of their revenue. For a detailed
breakdown of all interest income and revenue segments, please refer to the full Shariah compliance
report available in the Zoya app.
What guidelines are used to determine if Reliance Steel & Aluminum Co. stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes
standards for Islamic finance. Their guidelines help determine if a company's business activities and
financial structure align with Islamic principles. These standards are widely respected in the Islamic
finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and
other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad
Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is Reliance Steel & Aluminum Co. stock reviewed for Shariah compliance?
The Shariah compliance status of Reliance Steel & Aluminum Co. stock is reviewed on a regular basis, with a minimum
frequency of once per quarter. However, if there are any significant changes or major developments
in the company's operations that may impact its compliance, an immediate review will be conducted to
ensure ongoing adherence to Shariah principles.
How can I stay updated on Reliance Steel & Aluminum Co.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within
the Zoya app to receive notifications whenever there is a change in the Shariah compliance of RS,
or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate
due to changes in a company's financial ratios or business activities.
Are dividends from Reliance Steel & Aluminum Co. stock considered halal?
Yes, dividends from RS are considered halal. However, you may need to purify a portion of the
dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of
revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of
impermissible revenue for Reliance Steel & Aluminum Co. (RS), check the Zoya app. For more details on the
purification process, read
our comprehensive guide.
Do I need to pay Zakat on my Reliance Steel & Aluminum Co. shares?
If you hold Reliance Steel & Aluminum Co. stock as an investment, through an Employee Stock Ownership
Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and
meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments
can be complex and depends on various factors. To help make this easy, we've created a free
Zakat calculator for stocks. For a more
seamless experience, use the Zoya mobile app, where you can link your brokerage account to
automatically import holdings.
How to buy Reliance Steel & Aluminum Co. (RS) stock on Zoya
Sign up for a free Zoya account It’s easy to get started. You can sign up for an account directly on our website or by downloading the Zoya app for iOS or Android.
Link a brokerage account Zoya partners with leading brokerages like Alpaca and others for a seamless way to buy and manage stocks through Zoya.
Decide how much to invest Navigate to the search screen and type the name of the stock into the search bar. Then, click the buy button and input the amount you'd like to invest, either in terms of dollars or number of shares. Review the real-time stock price and estimated quantity of shares before confirming your investment.
Manage your portfolio in one place You can find your newly purchased stock in your Zoya portfolio alongside the rest of your holdings. Enable alerts to get notified of any changes in your portfolio's Shariah compliance.
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